FIL Ltd Has $45.53 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

FIL Ltd grew its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,550 shares of the financial services provider's stock after purchasing an additional 63,550 shares during the period. FIL Ltd owned approximately 0.42% of Assurant worth $45,533,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Assurant in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC raised its stake in shares of Assurant by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock worth $28,000 after buying an additional 75 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Assurant by 219.1% in the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock valued at $32,000 after buying an additional 103 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Assurant by 503.1% in the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock valued at $41,000 after buying an additional 161 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in shares of Assurant by 42.8% in 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. 92.65% of the stock is owned by institutional investors and hedge funds.

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Assurant Stock Down 0.7 %

Shares of AIZ stock traded down $1.38 during trading hours on Tuesday, hitting $193.60. 183,846 shares of the company were exchanged, compared to its average volume of 380,298. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 13.40 and a beta of 0.53. The business's 50-day simple moving average is $204.03 and its two-hundred day simple moving average is $207.15. 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 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 net margin of 6.40% and a return on equity of 17.25%. Sell-side analysts predict that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, February 3rd were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. Assurant's dividend payout ratio (DPR) is 22.11%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

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.