3,710 Shares in Assurant, Inc. (NYSE:AIZ) Acquired by Alpine Global Management LLC

Alpine Global Management LLC purchased a new stake in Assurant, Inc. (NYSE:AIZ - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,710 shares of the financial services provider's stock, valued at approximately $791,000.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Assurant in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in Assurant by 127.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock worth $32,000 after purchasing an additional 103 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Assurant by 503.1% during the fourth quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after buying an additional 161 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Assurant by 42.8% in the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock valued at $61,000 after buying an additional 86 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AIZ shares. Truist Financial boosted their price target on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. StockNews.com lowered Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price objective on Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler raised 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Assurant presently has a consensus rating of "Moderate Buy" and an average target price of $234.17.

Assurant Trading Down 1.2 %

AIZ traded down $2.27 during trading hours on Friday, reaching $190.92. The company's stock had a trading volume of 305,048 shares, compared to its average volume of 384,224. The business's 50-day moving average is $200.89 and its 200-day moving average is $206.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $9.71 billion, a PE ratio of 13.19 and a beta of 0.53. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. As a group, equities research analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $604,500.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this hyperlink. 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.