Assurant, Inc. (NYSE:AIZ) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 11,480.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464,952 shares of the financial services provider's stock after acquiring an additional 460,937 shares during the quarter. Mizuho Securities USA LLC owned approximately 0.90% of Assurant worth $92,460,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of Assurant by 32.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,041,678 shares of the financial services provider's stock valued at $173,179,000 after buying an additional 255,471 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Assurant during the third quarter valued at $284,730,000. TD Asset Management Inc boosted its stake in shares of Assurant by 20.4% in the second quarter. TD Asset Management Inc now owns 566,123 shares of the financial services provider's stock worth $94,118,000 after buying an additional 96,021 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Assurant by 751.0% during the 3rd quarter. SG Americas Securities LLC now owns 60,674 shares of the financial services provider's stock worth $12,066,000 after purchasing an additional 53,544 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in Assurant during the second quarter valued at $7,465,000. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AIZ. Piper Sandler raised their price objective on Assurant from $200.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Truist Financial upped their price objective on shares of Assurant from $220.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. StockNews.com lowered Assurant from a "buy" rating to a "hold" rating in a report on Thursday, October 17th. UBS Group lifted their price target on shares of Assurant from $217.00 to $224.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Assurant from $194.00 to $212.00 and gave the company a "market perform" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $225.20.

Assurant Stock Up 1.6 %

AIZ traded up $3.34 during trading hours on Friday, hitting $218.82. 488,411 shares of the company's stock were exchanged, compared to its average volume of 349,115. The firm has a market cap of $11.22 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57. Assurant, Inc. has a 12-month low of $159.32 and a 12-month high of $219.05. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $197.03 and a 200 day moving average of $182.72.

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

Insider Activity at Assurant

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the firm's 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 transaction, the chief accounting officer now directly owns 3,152 shares of the company's stock, valued at approximately $593,962.88. This trade represents a 14.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $209.18, for a total value of $627,540.00. Following the completion of the transaction, the executive vice president now owns 20,658 shares in the company, valued at $4,321,240.44. This trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

About Assurant

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.