Swiss National Bank Sells 5,300 Shares of Assurant, Inc. (NYSE:AIZ)

Swiss National Bank cut its stake in Assurant, Inc. (NYSE:AIZ) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,700 shares of the financial services provider’s stock after selling 5,300 shares during the period. Swiss National Bank owned 0.32% of Assurant worth $27,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AIZ. New York Life Investment Management LLC boosted its position in shares of Assurant by 2.0% during the fourth quarter. New York Life Investment Management LLC now owns 13,326 shares of the financial services provider’s stock valued at $2,245,000 after purchasing an additional 263 shares in the last quarter. Victory Capital Management Inc. lifted its position in Assurant by 313.3% during the fourth quarter. Victory Capital Management Inc. now owns 9,361 shares of the financial services provider’s stock valued at $1,577,000 after buying an additional 7,096 shares during the period. Savant Capital LLC boosted its holdings in shares of Assurant by 5.2% during the 4th quarter. Savant Capital LLC now owns 3,009 shares of the financial services provider’s stock valued at $507,000 after buying an additional 148 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Assurant in the 4th quarter worth about $320,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Assurant by 22.9% in the 4th quarter. Russell Investments Group Ltd. now owns 52,573 shares of the financial services provider’s stock worth $8,852,000 after acquiring an additional 9,812 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

AIZ has been the topic of a number of recent research reports. UBS Group upped their price objective on shares of Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Piper Sandler upped their price target on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Keefe, Bruyette & Woods lowered Assurant from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $170.00 to $182.00 in a research report on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Assurant currently has an average rating of “Moderate Buy” and a consensus target price of $199.25.

Assurant Stock Down 1.1 %

Shares of NYSE:AIZ opened at $176.54 on Thursday. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 2.23 and a beta of 0.53. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $178.61 and a 200 day moving average price of $170.66. Assurant, Inc. has a 12 month low of $118.45 and a 12 month high of $189.48.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. As a group, equities research analysts predict that Assurant, Inc. will post 15.67 earnings per share for the current year.

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.