Assurant, Inc. (NYSE:AIZ) Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 75.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,359 shares of the financial services provider's stock after buying an additional 3,154 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Assurant were worth $1,569,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Assurant by 36.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider's stock valued at $708,016,000 after purchasing an additional 891,292 shares in the last quarter. FMR LLC boosted its position in Assurant by 6.0% during the third quarter. FMR LLC now owns 1,163,593 shares of the financial services provider's stock worth $231,392,000 after acquiring an additional 65,874 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in Assurant by 11,480.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 464,952 shares of the financial services provider's stock valued at $92,460,000 after acquiring an additional 460,937 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Assurant during the 3rd quarter worth $48,430,000. Finally, Barclays PLC boosted its holdings in shares of Assurant by 48.4% during the third quarter. Barclays PLC now owns 192,310 shares of the financial services provider's stock worth $38,243,000 after purchasing an additional 62,696 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the sale, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company's stock.

Assurant Stock Up 1.8 %

Assurant stock traded up $3.67 during trading on Friday, reaching $204.94. 442,582 shares of the company's stock were exchanged, compared to its average volume of 344,007. The company's 50-day moving average is $208.84 and its two-hundred day moving average is $205.40. 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 52-week low of $160.12 and a 52-week high of $230.55. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 14.16 and a beta of 0.62.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. On average, analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 1.56%. 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.