denkapparat Operations GmbH purchased a new position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,324 shares of the financial services provider's stock, valued at approximately $282,000.
A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $708,016,000 after buying an additional 891,292 shares during the last quarter. FMR LLC grew its holdings in Assurant by 6.0% during the third quarter. FMR LLC now owns 1,163,593 shares of the financial services provider's stock valued at $231,392,000 after purchasing an additional 65,874 shares during the period. Norges Bank bought a new stake in shares of Assurant in the fourth quarter valued at $143,475,000. Amundi increased its holdings in Assurant by 45.0% in the 4th quarter. Amundi now owns 281,199 shares of the financial services provider's stock worth $57,764,000 after acquiring an additional 87,323 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in Assurant during the third quarter worth about $48,430,000. 92.65% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Assurant
In other 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 value of $604,500.00. Following the sale, the executive vice president now directly owns 17,708 shares of the company's stock, valued at $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 is available through the SEC website. Company insiders own 0.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Assurant in a research note on Thursday, December 5th. They set an "equal weight" rating and a $251.00 price target on the stock. Truist Financial lifted their price target on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods raised Assurant from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $212.00 to $230.00 in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $234.17.
Check Out Our Latest Stock Report on AIZ
Assurant Price Performance
Shares of NYSE:AIZ traded up $1.77 during trading on Tuesday, reaching $211.52. The company had a trading volume of 61,468 shares, compared to its average volume of 368,237. The company has a fifty day moving average of $208.90 and a two-hundred day moving average of $207.48. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.74 billion, a P/E ratio of 14.60 and a beta of 0.61. Assurant, Inc. has a 12 month low of $160.12 and a 12 month high of $230.55.
Assurant (NYSE:AIZ - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating 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 forecast that Assurant, Inc. will post 16.88 earnings per share for the current year.
Assurant Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, February 3rd were given a dividend of $0.80 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.20 annualized dividend and a yield of 1.51%. Assurant's payout ratio is 22.11%.
Assurant Profile
(
Free Report)
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.
See Also
Before you consider Assurant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assurant wasn't on the list.
While Assurant currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
