CANADA LIFE ASSURANCE Co Sells 5,772 Shares of Assurant, Inc. (NYSE:AIZ)

CANADA LIFE ASSURANCE Co trimmed its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,739 shares of the financial services provider's stock after selling 5,772 shares during the period. CANADA LIFE ASSURANCE Co owned 0.07% of Assurant worth $7,830,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Assurant in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC raised 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 buying an additional 75 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 buying an additional 103 shares during the period. TD Private Client Wealth LLC grew its holdings in 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 acquiring an additional 161 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in 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 acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

Assurant Stock Up 2.5 %

Shares of Assurant stock opened at $188.55 on Wednesday. The stock's 50-day moving average is $201.31 and its 200 day moving average is $206.71. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 13.03 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) 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%. Equities research analysts anticipate that Assurant, Inc. will post 16.88 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

AIZ has been the topic of a number of recent research reports. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target on the stock in a report on Thursday, April 10th. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Truist Financial increased their price target on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods cut their price objective on Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $234.17.

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.

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