Oppenheimer Asset Management Inc. Has $836,000 Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Oppenheimer Asset Management Inc. trimmed its holdings in Assurant, Inc. (NYSE:AIZ) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,205 shares of the financial services provider’s stock after selling 162 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Assurant were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Assurant in the second quarter valued at approximately $31,000. Richardson Financial Services Inc. lifted its position in Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 77 shares during the period. Capital Performance Advisors LLP bought a new position in Assurant in the third quarter worth $56,000. Family Firm Inc. bought a new position in Assurant in the second quarter worth $51,000. Finally, Covestor Ltd lifted its position in Assurant by 35.7% in the first quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 91 shares during the period. 92.65% of the stock is owned by institutional investors.

Assurant Stock Performance

Assurant stock opened at $221.60 on Tuesday. The stock has a 50-day simple moving average of $197.03 and a 200 day simple moving average of $182.83. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $221.94. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 2.18 and a beta of 0.57.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.48. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Assurant had a return on equity of 17.42% and a net margin of 6.31%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.29 EPS. On average, research analysts anticipate that Assurant, Inc. will post 15.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. UBS Group boosted their target price on shares of Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Bank of America lifted their price target on Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Assurant presently has a consensus rating of “Moderate Buy” and an average price target of $225.20.

Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $209.18, for a total transaction of $627,540.00. Following the completion of the sale, the executive vice president now directly owns 20,658 shares of the company’s stock, valued at approximately $4,321,240.44. The trade was a 12.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

Assurant 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.