Kennedy Capital Management LLC Sells 12,216 Shares of Assurant, Inc. (NYSE:AIZ)

Kennedy Capital Management LLC lessened its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,088 shares of the financial services provider's stock after selling 12,216 shares during the period. Kennedy Capital Management LLC owned 0.12% of Assurant worth $13,238,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina raised its holdings in shares of Assurant by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 22,866 shares of the financial services provider's stock valued at $4,875,000 after acquiring an additional 140 shares in the last quarter. CenterBook Partners LP purchased a new stake in Assurant in the fourth quarter valued at approximately $371,000. Bessemer Group Inc. lifted its position in Assurant by 1.4% during the fourth quarter. Bessemer Group Inc. now owns 30,650 shares of the financial services provider's stock valued at $6,535,000 after purchasing an additional 414 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Assurant during the fourth quarter valued at approximately $3,810,000. Finally, Capula Management Ltd purchased a new position in Assurant in the 4th quarter worth approximately $201,000. Institutional investors own 92.65% of the company's stock.

Insider Activity at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the company's stock in a transaction on 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 directly owns 17,708 shares in the company, valued at approximately $3,568,162. This represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

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Assurant Trading Down 0.9 %

Assurant stock traded down $1.66 during trading hours on Tuesday, reaching $193.32. The company had a trading volume of 101,435 shares, compared to its average volume of 379,933. 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, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The company has a 50-day moving average price of $204.03 and a 200 day moving average price of $207.15. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 13.36 and a beta of 0.53.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly 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 net margin of 6.40% and a return on equity of 17.25%. Equities analysts forecast that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, February 3rd were paid a $0.80 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.66%. Assurant's payout ratio is presently 22.11%.

Analysts Set New Price Targets

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