Oak Associates Ltd. OH Sells 8,365 Shares of Assurant, Inc. (NYSE:AIZ)

Oak Associates Ltd. OH lowered its holdings in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 32,938 shares of the financial services provider's stock after selling 8,365 shares during the period. Oak Associates Ltd. OH owned 0.06% of Assurant worth $7,023,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AIZ. Bank of New York Mellon Corp lifted its holdings in shares of Assurant by 36.7% during the fourth 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. Norges Bank bought a new position in shares of Assurant during the fourth quarter valued at $143,475,000. Amundi raised its position in Assurant by 45.0% during the 4th quarter. Amundi now owns 281,199 shares of the financial services provider's stock worth $57,764,000 after purchasing an additional 87,323 shares during the last quarter. FIL Ltd increased its position in Assurant by 42.4% during the 4th quarter. FIL Ltd now owns 213,550 shares of the financial services provider's stock valued at $45,533,000 after purchasing an additional 63,550 shares during the period. Finally, Barclays PLC lifted its position in shares of Assurant by 48.4% in the 3rd quarter. Barclays PLC now owns 192,310 shares of the financial services provider's stock worth $38,243,000 after purchasing an additional 62,696 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AIZ shares. StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Truist Financial increased 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. 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 note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note 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. Based on data from MarketBeat, Assurant has an average rating of "Moderate Buy" and a consensus price target of $234.17.

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Insider Buying and Selling

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

Assurant Stock Down 0.6 %

Shares of NYSE AIZ traded down $1.09 during trading on Tuesday, hitting $193.89. The stock had a trading volume of 319,290 shares, compared to its average volume of 380,773. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a fifty day moving average of $204.03 and a two-hundred day moving average of $207.15. Assurant, Inc. has a 12 month low of $160.12 and a 12 month high of $230.55. The company has a market capitalization of $9.85 billion, a PE ratio of 13.40 and a beta of 0.53.

Assurant (NYSE:AIZ - Get Free Report) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. As a group, equities research analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, February 3rd were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.20 annualized dividend and a yield of 1.65%. Assurant's payout ratio is currently 22.11%.

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.