National Bank of Canada FI Sells 18,156 Shares of Assurant, Inc. (NYSE:AIZ)

National Bank of Canada FI decreased its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,753 shares of the financial services provider's stock after selling 18,156 shares during the quarter. National Bank of Canada FI's holdings in Assurant were worth $5,065,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Assurant in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its stake in shares of 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 103 shares in the last quarter. TD Private Client Wealth LLC increased its position in 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 during the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in Assurant by 42.8% during 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 in the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

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Insider Activity at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of Assurant 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 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target for the company in a research note on Thursday. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Truist Financial lifted their price target on shares of Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $234.17.

Assurant Stock Performance

Shares of AIZ traded down $0.87 during mid-day trading on Friday, hitting $189.45. The company's stock had a trading volume of 492,991 shares, compared to its average volume of 379,970. The stock's 50-day moving average is $204.42 and its two-hundred day moving average is $207.13. The firm has a market capitalization of $9.62 billion, a PE ratio of 13.09 and a beta of 0.53. 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 one year low of $160.12 and a one year high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share 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 EPS for the current year.

Assurant Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, February 3rd were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, February 3rd. 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.