Laird Norton Wetherby Wealth Management LLC Has $463,000 Stock Position in Assurant, Inc. (NYSE:AIZ)

Laird Norton Wetherby Wealth Management LLC grew its position in Assurant, Inc. (NYSE:AIZ) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,170 shares of the financial services provider’s stock after buying an additional 95 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Assurant were worth $463,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Assurant by 36.7% in the fourth quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider’s stock valued at $708,016,000 after acquiring an additional 891,292 shares during the period. Norges Bank bought a new stake in Assurant during the fourth quarter worth about $143,475,000. Fuller & Thaler Asset Management Inc. bought a new stake in Assurant during the fourth quarter worth about $34,365,000. Northern Trust Corp increased its position in Assurant by 23.1% during the fourth quarter. Northern Trust Corp now owns 831,864 shares of the financial services provider’s stock worth $177,370,000 after buying an additional 156,364 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Assurant by 25.9% during the fourth quarter. Deutsche Bank AG now owns 550,782 shares of the financial services provider’s stock worth $117,438,000 after buying an additional 113,247 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Assurant

In other Assurant 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 transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Assurant Stock Performance

Shares of Assurant stock opened at $199.44 on Friday. 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 business has a 50-day moving average price of $198.31 and a two-hundred day moving average price of $206.89. Assurant, Inc. has a 1-year low of $160.12 and a 1-year high of $230.55. The company has a market cap of $10.15 billion, a P/E ratio of 13.78 and a beta of 0.59.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, May 6th. The financial services provider reported $3.39 EPS for the quarter, beating the consensus estimate of $2.78 by $0.61. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.06 billion. Assurant had a return on equity of 17.25% and a net margin of 6.40%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $4.78 EPS. As a group, analysts anticipate that Assurant, Inc. will post 16.88 EPS for the current year.

Wall Street Analyst Weigh In

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

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.