17,857 Shares in Assurant, Inc. (NYSE:AIZ) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Assurant, Inc. (NYSE:AIZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,857 shares of the financial services provider's stock, valued at approximately $3,807,000.

Other large investors have also made changes to their positions in the company. Pathstone Holdings LLC increased its holdings in Assurant by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 10,087 shares of the financial services provider's stock worth $2,006,000 after acquiring an additional 52 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Assurant by 3.6% in the third quarter. PNC Financial Services Group Inc. now owns 7,673 shares of the financial services provider's stock valued at $1,526,000 after purchasing an additional 268 shares during the period. Cerity Partners LLC raised its position in shares of Assurant by 57.6% during the 3rd quarter. Cerity Partners LLC now owns 8,105 shares of the financial services provider's stock worth $1,612,000 after purchasing an additional 2,963 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Assurant by 75.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 749 shares of the financial services provider's stock worth $149,000 after purchasing an additional 321 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Assurant by 9.3% in the 3rd quarter. Bank of Montreal Can now owns 47,011 shares of the financial services provider's stock valued at $9,400,000 after buying an additional 4,016 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley assumed coverage on Assurant in a research note on Thursday, December 5th. They set an "equal weight" rating and a $251.00 price objective for the company. Truist Financial boosted their target price on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods upgraded shares of Assurant from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $212.00 to $230.00 in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $234.17.

Insider Buying and Selling at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $3,568,162. This trade represents a 14.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.

Assurant Trading Down 2.5 %

Shares of Assurant stock traded down $5.37 during trading hours on Friday, hitting $206.15. The company's stock had a trading volume of 384,854 shares, compared to its average volume of 368,798. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 14.25 and a beta of 0.61. 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, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55. The firm has a fifty day moving average of $208.93 and a 200-day moving average of $207.35.

Assurant (NYSE:AIZ - Get Free Report) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 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%. Research analysts forecast that Assurant, Inc. will post 16.88 EPS for the current year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be issued a $0.80 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a yield of 1.55%. Assurant's dividend payout ratio (DPR) is presently 22.11%.

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.