Assurant, Inc. (NYSE:AIZ) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 338,184 shares of the financial services provider's stock after selling 5,211 shares during the period. Brown Advisory Inc. owned about 0.64% of Assurant worth $56,981,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of Assurant in the 4th quarter worth approximately $25,000. Harvest Fund Management Co. Ltd lifted its stake 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 during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of Assurant in the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust lifted its stake in shares of Assurant by 52.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider's stock worth $45,000 after purchasing an additional 106 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in shares of Assurant by 839.4% in the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider's stock worth $51,000 after purchasing an additional 277 shares during the period. Institutional investors own 92.65% of the company's stock.

Assurant Price Performance

AIZ traded up $0.12 during trading on Friday, reaching $175.60. 372,774 shares of the company traded hands, compared to its average volume of 347,127. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39. Assurant, Inc. has a 12-month low of $118.45 and a 12-month high of $189.48. The firm has a fifty day simple moving average of $178.21 and a 200 day simple moving average of $172.12. The company has a market cap of $9.13 billion, a P/E ratio of 12.25, a PEG ratio of 1.75 and a beta of 0.53.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AIZ shares. Piper Sandler increased their price objective on shares of Assurant from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. UBS Group increased their target price on shares of Assurant from $191.00 to $205.00 and gave the stock a "buy" rating in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Assurant from $182.00 to $186.00 and gave the stock a "market perform" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $200.25.

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.