Assurant, Inc. (NYSE:AIZ) Position Decreased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV decreased its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,860 shares of the financial services provider’s stock after selling 93 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Assurant were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AIZ. Cascade Investment Advisors Inc. boosted its holdings in shares of Assurant by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 50 shares during the period. LRI Investments LLC boosted its holdings in shares of Assurant by 14.0% in the fourth quarter. LRI Investments LLC now owns 553 shares of the financial services provider’s stock worth $118,000 after buying an additional 68 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 worth $28,000 after buying an additional 75 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Assurant by 1.1% in the fourth quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider’s stock worth $1,642,000 after buying an additional 84 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Assurant by 30.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider’s stock worth $78,000 after buying an additional 84 shares during the period. Institutional investors own 92.65% of the company’s stock.

Insider Activity at Assurant

In other news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction that occurred on 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 of the company’s stock, valued at $3,568,162. This trade represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AIZ. StockNews.com upgraded shares of Assurant from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Truist Financial raised their price target on shares of Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods decreased their price target on shares of Assurant from $230.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler upgraded shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price target for the company in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Assurant currently has a consensus rating of “Moderate Buy” and an average price target of $234.17.

Assurant Price Performance

Shares of AIZ opened at $201.97 on Friday. The firm has a market cap of $10.27 billion, a PE ratio of 13.96 and a beta of 0.59. The firm’s 50 day moving average price is $198.26 and its 200 day moving average price is $206.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.61. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.06 billion. Assurant had a net margin of 6.40% and a return on equity of 17.25%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.78 earnings per share. As a group, research analysts expect that Assurant, Inc. will post 16.88 EPS for the current fiscal 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.