Assurant, Inc. (NYSE:AIZ) Shares Sold by Globeflex Capital L P

Globeflex Capital L P lessened its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,688 shares of the financial services provider's stock after selling 4,719 shares during the period. Assurant accounts for 2.7% of Globeflex Capital L P's portfolio, making the stock its 9th biggest holding. Globeflex Capital L P owned about 0.29% of Assurant worth $31,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake 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 in the last quarter. Mizuho Securities USA LLC raised its position in Assurant by 11,480.4% in the third quarter. Mizuho Securities USA LLC now owns 464,952 shares of the financial services provider's stock worth $92,460,000 after acquiring an additional 460,937 shares in the last quarter. World Investment Advisors LLC bought a new stake in Assurant in the third quarter worth about $48,430,000. Point72 Asset Management L.P. bought a new position in shares of Assurant during the 3rd quarter valued at about $26,630,000. Finally, Amundi boosted its position in shares of Assurant by 45.0% during the 4th quarter. Amundi now owns 281,199 shares of the financial services provider's stock valued at $57,764,000 after purchasing an additional 87,323 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

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Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $3,568,162. This trade represents 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 the SEC website. Insiders own 0.53% of the company's stock.

Assurant Stock Up 0.5 %

Shares of NYSE AIZ traded up $1.16 during mid-day trading on Wednesday, reaching $213.76. The company had a trading volume of 323,593 shares, compared to its average volume of 345,160. 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 twelve month low of $160.12 and a twelve month high of $230.55. The stock's 50 day moving average is $208.19 and its 200-day moving average is $206.43. The stock has a market capitalization of $10.86 billion, a PE ratio of 14.77 and a beta of 0.61.

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 for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. As a group, equities analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant's dividend payout ratio (DPR) is presently 22.11%.

Analyst Upgrades and Downgrades

AIZ has been the topic of a number of research reports. Morgan Stanley began coverage on shares of Assurant in a report on Thursday, December 5th. They issued an "equal weight" rating and a $251.00 target price on the stock. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Truist Financial lifted their target price on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised Assurant from a "market perform" rating to an "outperform" rating and upped their target price for the company from $212.00 to $230.00 in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and four have issued 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 target price of $234.17.

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.