AGF Management Ltd. Decreases Holdings in Assurant, Inc. (NYSE:AIZ)

AGF Management Ltd. decreased its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,475 shares of the financial services provider's stock after selling 5,496 shares during the quarter. AGF Management Ltd.'s holdings in Assurant were worth $2,776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in Assurant during the 4th quarter valued at $25,000. Harvest Fund Management Co. Ltd boosted its holdings in Assurant by 104.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 91 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in Assurant during the 4th quarter valued at $40,000. Parkside Financial Bank & Trust boosted its holdings in Assurant by 52.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 106 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Assurant by 839.4% during the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 277 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

AIZ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Assurant from $182.00 to $186.00 and gave the company a "market perform" rating in a research report on Wednesday. UBS Group lifted their target price on Assurant from $191.00 to $205.00 and gave the company a "buy" rating in a research report on Monday, February 12th. Finally, Piper Sandler lifted their target price on Assurant from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $200.25.

Assurant Stock Down 1.1 %

Shares of AIZ traded down $1.95 during trading hours on Wednesday, hitting $175.38. The company had a trading volume of 375,635 shares, compared to its average volume of 355,111. The company has a market capitalization of $9.12 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.76 and a beta of 0.53. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.42. Assurant, Inc. has a one year low of $118.45 and a one year high of $189.48. The company's fifty day moving average price is $178.43 and its two-hundred day moving average price is $171.67.

About Assurant

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.