Oberweis Asset Management Inc. Increases Stake in Assurant, Inc. (NYSE:AIZ)

Oberweis Asset Management Inc. lifted its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,000 shares of the financial services provider's stock after purchasing an additional 12,600 shares during the period. Oberweis Asset Management Inc. owned 0.16% of Assurant worth $17,271,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Assurant during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its stake in Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock worth $28,000 after purchasing an additional 75 shares during the period. Jones Financial Companies Lllp grew its stake in Assurant by 219.1% in the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock worth $32,000 after purchasing an additional 103 shares during the period. TD Private Client Wealth LLC raised its holdings in Assurant by 503.1% in the fourth quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after purchasing an additional 161 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its position in Assurant by 42.8% during the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock valued at $61,000 after buying an additional 86 shares during the period. 92.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a report on Thursday, April 10th. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their price objective 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Assurant has a consensus rating of "Moderate Buy" and an average target price of $234.17.

Assurant Stock Down 1.2 %

Shares of NYSE:AIZ traded down $2.27 during trading on Friday, reaching $190.92. 305,048 shares of the stock traded hands, compared to its average volume of 384,605. The stock has a market cap of $9.71 billion, a P/E ratio of 13.19 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a 50-day moving average of $200.68 and a two-hundred day moving average of $206.77. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating 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, sell-side analysts expect that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the sale, the executive vice president now directly owns 17,708 shares in the company, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is owned by insiders.

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.