Jump Financial LLC Invests $260,000 in Assurant, Inc. (NYSE:AIZ)

Jump Financial LLC purchased a new position in shares of Assurant, Inc. (NYSE:AIZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,220 shares of the financial services provider’s stock, valued at approximately $260,000.

Several other hedge funds also recently made changes to their positions in AIZ. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Assurant in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Assurant by 127.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Assurant by 219.1% in 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 during the last quarter. TD Private Client Wealth LLC lifted its holdings in Assurant by 503.1% during the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 161 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in Assurant by 42.8% during the 4th quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 86 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Assurant Stock Performance

Shares of NYSE:AIZ opened at $190.92 on Monday. The company’s 50 day moving average price is $200.68 and its two-hundred day moving average price is $206.88. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The firm has a market cap of $9.71 billion, a PE ratio of 13.19 and a beta of 0.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. Equities research analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIZ. Keefe, Bruyette & Woods cut their price target on Assurant from $230.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. StockNews.com downgraded Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Piper Sandler raised 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. Finally, Truist Financial raised their price target on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Assurant presently has an average rating of “Moderate Buy” and a consensus price target of $234.17.

Insider Buying and Selling

In related news, EVP Biju Nair sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the sale, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.51% of the stock is currently owned by company insiders.

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.