Los Angeles Capital Management LLC Has $2.19 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Los Angeles Capital Management LLC lowered its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 82.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,031 shares of the financial services provider's stock after selling 52,841 shares during the quarter. Los Angeles Capital Management LLC's holdings in Assurant were worth $2,194,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in shares of Assurant by 210.7% during the 1st quarter. QRG Capital Management Inc. now owns 8,705 shares of the financial services provider's stock valued at $1,639,000 after acquiring an additional 5,903 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in Assurant by 770.1% in the second quarter. SteelPeak Wealth LLC now owns 13,051 shares of the financial services provider's stock worth $2,170,000 after buying an additional 11,551 shares during the last quarter. UniSuper Management Pty Ltd raised its position in Assurant by 608.5% during the first quarter. UniSuper Management Pty Ltd now owns 5,640 shares of the financial services provider's stock valued at $1,062,000 after acquiring an additional 4,844 shares in the last quarter. Bessemer Group Inc. grew its position in Assurant by 3,412.0% in the first quarter. Bessemer Group Inc. now owns 14,645 shares of the financial services provider's stock worth $2,757,000 after acquiring an additional 14,228 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Assurant by 443.7% during the 1st quarter. Cetera Investment Advisers now owns 12,973 shares of the financial services provider's stock valued at $2,442,000 after purchasing an additional 10,587 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Assurant Trading Up 1.1 %

NYSE:AIZ traded up $2.24 during mid-day trading on Thursday, hitting $215.48. The company had a trading volume of 876,735 shares, compared to its average volume of 348,129. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 0.42. Assurant, Inc. has a fifty-two week low of $159.32 and a fifty-two week high of $215.87. The firm has a market cap of $11.05 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.11 and a beta of 0.57. The business's fifty day moving average is $196.09 and its two-hundred day moving average is $182.18.

Assurant (NYSE:AIZ - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.48. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the company earned $4.29 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that Assurant, Inc. will post 15.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AIZ. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price on Assurant from $194.00 to $212.00 and gave the company a "market perform" rating in a report on Tuesday. UBS Group upped their price target on Assurant from $217.00 to $224.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Bank of America boosted their target price on shares of Assurant from $228.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Truist Financial increased their price target on shares of Assurant from $220.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Assurant currently has an average rating of "Moderate Buy" and a consensus price target of $225.20.

Insider Buying and Selling at Assurant

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction on Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,152 shares of the company's stock, valued at $593,962.88. The trade was a 14.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Biju Nair sold 3,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $209.18, for a total transaction of $627,540.00. Following the completion of the transaction, the executive vice president now directly owns 20,658 shares in the company, valued at $4,321,240.44. The trade was a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

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.