Assurant, Inc. (NYSE:AIZ) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 660,153 shares of the financial services provider's stock after selling 27,207 shares during the period. Dimensional Fund Advisors LP owned approximately 1.29% of Assurant worth $140,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIZ. Barclays PLC raised its stake in Assurant by 48.4% during the 3rd quarter. Barclays PLC now owns 192,310 shares of the financial services provider's stock valued at $38,243,000 after acquiring an additional 62,696 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Assurant during the 3rd quarter valued at approximately $1,214,000. Wilmington Savings Fund Society FSB purchased a new stake in Assurant during the 3rd quarter valued at approximately $244,000. Principal Financial Group Inc. raised its stake in shares of Assurant by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 72,260 shares of the financial services provider's stock worth $14,370,000 after buying an additional 4,317 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Assurant by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider's stock valued at $34,079,000 after buying an additional 24,887 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the transaction, the executive vice president now owns 17,708 shares of the company's stock, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AIZ shares. Keefe, Bruyette & Woods reduced their price target on 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 price target on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 13th. StockNews.com cut Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target for the company in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.17.

Assurant Price Performance

Shares of AIZ traded up $1.86 during trading hours on Tuesday, reaching $194.15. 272,755 shares of the company traded hands, compared to its average volume of 384,085. The stock has a fifty day simple moving average of $200.52 and a 200 day simple moving average of $206.89. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The stock has a market capitalization of $9.88 billion, a PE ratio of 13.42 and a beta of 0.53. 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 earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share 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%. As a group, research analysts predict that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

About Assurant

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.