Assurant, Inc. (NYSE:AIZ) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,573 shares of the financial services provider's stock after buying an additional 9,812 shares during the period. Russell Investments Group Ltd. owned 0.10% of Assurant worth $8,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Assurant by 6.8% in the 4th quarter. CWM LLC now owns 976 shares of the financial services provider's stock worth $164,000 after purchasing an additional 62 shares in the last quarter. Advisor Partners II LLC boosted its position in shares of Assurant by 3.5% in the 3rd quarter. Advisor Partners II LLC now owns 2,022 shares of the financial services provider's stock worth $290,000 after purchasing an additional 69 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Assurant by 0.5% in the 4th quarter. Arizona State Retirement System now owns 14,573 shares of the financial services provider's stock worth $2,455,000 after purchasing an additional 73 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Assurant by 4.0% in the 4th quarter. Tectonic Advisors LLC now owns 2,197 shares of the financial services provider's stock worth $370,000 after purchasing an additional 85 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Assurant by 104.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider's stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut Assurant from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $170.00 to $182.00 in a research report on Monday, February 12th. Piper Sandler raised their target price on Assurant from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. Finally, UBS Group raised their target price on Assurant from $191.00 to $205.00 and gave the stock a "buy" rating in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Assurant presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.25.

Assurant Stock Performance

AIZ stock traded down $1.91 during midday trading on Tuesday, reaching $178.58. The stock had a trading volume of 456,126 shares, compared to its average volume of 351,413. The stock has a market cap of $9.28 billion, a PE ratio of 14.91, a P/E/G ratio of 2.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a fifty day simple moving average of $178.73 and a two-hundred day simple moving average of $170.61. Assurant, Inc. has a 52-week low of $118.45 and a 52-week high of $189.48.

Assurant (NYSE:AIZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.88. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. Assurant had a return on equity of 18.36% and a net margin of 5.77%. As a group, equities research analysts anticipate that Assurant, Inc. will post 15.67 EPS for the current year.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.