Assurant, Inc. (NYSE:AIZ) Shares Purchased by Mariner LLC

Mariner LLC raised its holdings in Assurant, Inc. (NYSE:AIZ) by 35.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,989 shares of the financial services provider’s stock after buying an additional 1,836 shares during the period. Mariner LLC’s holdings in Assurant were worth $1,490,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AIZ. Bank of New York Mellon Corp lifted its stake in Assurant by 36.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider’s stock worth $708,016,000 after purchasing an additional 891,292 shares during the last quarter. Norges Bank acquired a new stake in shares of Assurant in the fourth quarter valued at approximately $143,475,000. Amundi grew its position in shares of Assurant by 45.0% during the fourth quarter. Amundi now owns 281,199 shares of the financial services provider’s stock worth $57,764,000 after acquiring an additional 87,323 shares during the last quarter. FIL Ltd increased its holdings in shares of Assurant by 42.4% in the 4th quarter. FIL Ltd now owns 213,550 shares of the financial services provider’s stock valued at $45,533,000 after acquiring an additional 63,550 shares during the period. Finally, Barclays PLC raised its position in Assurant by 48.4% in the 3rd quarter. Barclays PLC now owns 192,310 shares of the financial services provider’s stock valued at $38,243,000 after purchasing an additional 62,696 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the transaction, the executive vice president now directly owns 17,708 shares of the company’s stock, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

Assurant Trading Down 1.2 %

NYSE:AIZ opened at $190.92 on Friday. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 13.19 and a beta of 0.53. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55. The stock has a fifty day moving average price of $200.68 and a two-hundred day moving average price of $206.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AIZ. Piper Sandler upgraded shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price objective on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods reduced their price objective on Assurant from $230.00 to $224.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Truist Financial lifted their target price on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $234.17.

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.