Fmr LLC Has $234.88 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

FMR LLC decreased its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,101,573 shares of the financial services provider's stock after selling 62,020 shares during the period. FMR LLC owned 2.15% of Assurant worth $234,878,000 at the end of the most recent reporting period.

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

Remove Ads

Insider Transactions at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. This represents a 14.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

AIZ has been the subject of several analyst reports. Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Truist Financial raised their target price on shares of 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 lowered shares of Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $234.17.

Assurant Price Performance

NYSE:AIZ traded down $1.09 during trading hours on Tuesday, reaching $193.89. The company had a trading volume of 329,598 shares, compared to its average volume of 380,814. The firm has a market capitalization of $9.85 billion, a PE ratio of 13.40 and a beta of 0.53. The stock has a 50-day moving average of $204.03 and a two-hundred day moving average of $207.15. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41.

Assurant (NYSE:AIZ - Get Free Report) 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 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%. Analysts forecast 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 was paid on Monday, March 31st. Shareholders of record on Monday, February 3rd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Monday, February 3rd. Assurant's dividend payout ratio is currently 22.11%.

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.