Oberweis Asset Management Inc. Acquires 12,600 Shares of Assurant, Inc. (NYSE:AIZ)

Oberweis Asset Management Inc. grew its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the financial services provider's stock after buying an additional 12,600 shares during the period. Oberweis Asset Management Inc. owned 0.16% of Assurant worth $17,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Assurant during the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC raised its position in shares of Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 75 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock valued at $32,000 after buying an additional 103 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Assurant by 503.1% in the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after buying an additional 161 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in Assurant by 42.8% in the 4th quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock valued at $61,000 after buying an additional 86 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Insider Activity

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AIZ shares. Truist Financial raised their price target on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods lowered their price target on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $234.17.

Assurant Price Performance

Shares of Assurant stock traded up $1.14 on Tuesday, hitting $193.43. 91,231 shares of the company traded hands, compared to its average volume of 383,311. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The company has a market cap of $9.84 billion, a P/E ratio of 13.37 and a beta of 0.53. The firm's 50-day simple moving average is $200.52 and its 200 day simple moving average is $206.89.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Analysts expect that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

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.