Strs Ohio Buys 23,520 Shares of Assurant, Inc. (NYSE:AIZ)

Strs Ohio increased its stake in Assurant, Inc. (NYSE:AIZ) by 151.9% during the 4th quarter, Holdings Channel reports. The firm owned 38,999 shares of the financial services provider’s stock after purchasing an additional 23,520 shares during the quarter. Strs Ohio’s holdings in Assurant were worth $6,570,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of Assurant by 8.0% in the fourth quarter. Nordea Investment Management AB now owns 181,885 shares of the financial services provider’s stock worth $30,586,000 after purchasing an additional 13,395 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of Assurant by 4.0% in the fourth quarter. Tectonic Advisors LLC now owns 2,197 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 85 shares during the last quarter. Northern Trust Corp increased its position in shares of Assurant by 1.6% in the third quarter. Northern Trust Corp now owns 597,419 shares of the financial services provider’s stock worth $85,777,000 after purchasing an additional 9,167 shares during the last quarter. Edmp Inc. increased its position in shares of Assurant by 1.9% in the fourth quarter. Edmp Inc. now owns 6,075 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 113 shares during the last quarter. Finally, Wakefield Asset Management LLLP bought a new position in Assurant during the fourth quarter valued at approximately $3,345,000. 92.65% of the stock is currently owned by institutional investors.

Assurant Stock Down 0.6 %

Shares of Assurant stock opened at $170.08 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. Assurant, Inc. has a 52-week low of $115.41 and a 52-week high of $189.48. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 2.19 and a beta of 0.50. The company’s 50 day moving average price is $178.65 and its 200-day moving average price is $167.71.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.88. Assurant had a net margin of 5.77% and a return on equity of 18.36%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Equities research analysts forecast that Assurant, Inc. will post 15.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on AIZ. Keefe, Bruyette & Woods cut shares of Assurant from an “outperform” rating to a “market perform” rating and increased their price target for the company from $170.00 to $182.00 in a research report on Monday, February 12th. Piper Sandler increased their price target on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, UBS Group increased their price target on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Assurant has an average rating of “Moderate Buy” and a consensus price target of $192.20.

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.