Robeco Institutional Asset Management B.V. Sells 28,935 Shares of Assurant, Inc. (NYSE:AIZ)

Robeco Institutional Asset Management B.V. decreased its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,935 shares of the financial services provider's stock after selling 28,935 shares during the period. Robeco Institutional Asset Management B.V. owned 0.30% of Assurant worth $32,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. True Wealth Design LLC purchased a new position in Assurant in the 3rd quarter valued at approximately $25,000. Huntington National Bank boosted its holdings in shares of Assurant by 509.4% in the third quarter. Huntington National Bank now owns 195 shares of the financial services provider's stock worth $39,000 after acquiring an additional 163 shares during the period. Brooklyn Investment Group purchased a new position in shares of Assurant in the third quarter valued at $42,000. Capital Performance Advisors LLP purchased a new position in Assurant during the 3rd quarter valued at about $56,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Assurant in the third quarter worth about $72,000. Institutional investors own 92.65% of the company's stock.

Assurant Price Performance

AIZ stock traded down $1.57 during mid-day trading on Monday, hitting $212.82. 190,257 shares of the stock were exchanged, compared to its average volume of 358,670. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 15.18 and a beta of 0.62. The business has a fifty day moving average price of $214.72 and a 200 day moving average price of $200.33. Assurant, Inc. has a 12 month low of $160.12 and a 12 month high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $3.00 EPS for the quarter, topping the consensus estimate of $2.52 by $0.48. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The business's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $4.29 earnings per share. On average, sell-side analysts anticipate that Assurant, Inc. will post 15.82 EPS for the current year.

Assurant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant's dividend payout ratio (DPR) is presently 22.82%.

Analyst Upgrades and Downgrades

AIZ has been the subject of several recent analyst reports. StockNews.com raised shares of Assurant from a "hold" rating to a "buy" rating in a research note on Monday, January 27th. Morgan Stanley assumed coverage on shares of Assurant in a report on Thursday, December 5th. They issued an "equal weight" rating and a $251.00 price target on the stock. Bank of America lifted their price objective on Assurant from $228.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Truist Financial upped their target price on Assurant from $220.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Assurant from $194.00 to $212.00 and gave the company a "market perform" rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.50.

Insider Activity at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $209.18, for a total value of $627,540.00. Following the sale, the executive vice president now owns 20,658 shares of the company's stock, valued at $4,321,240.44. This trade represents a 12.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by company 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.