Sumitomo Mitsui Trust Group Inc. Has $26.05 Million Holdings in Assurant, Inc. (NYSE:AIZ)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,001 shares of the financial services provider's stock after selling 6,136 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Assurant worth $26,051,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew 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 during the period. Dimensional Fund Advisors LP grew its stake in Assurant by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 698,677 shares of the financial services provider's stock valued at $116,159,000 after acquiring an additional 12,935 shares during the period. TD Asset Management Inc increased its holdings 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 acquiring an additional 96,021 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Assurant by 0.7% during the second quarter. Federated Hermes Inc. now owns 383,549 shares of the financial services provider's stock worth $63,765,000 after purchasing an additional 2,700 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Assurant by 18.0% during the 2nd quarter. Marshall Wace LLP now owns 203,778 shares of the financial services provider's stock valued at $33,878,000 after purchasing an additional 31,150 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Insider Buying and Selling

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction of $103,642.00. Following the transaction, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 20,658 shares of the company's stock, valued at approximately $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. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group raised their target price on shares of Assurant from $217.00 to $224.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. 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 research report on Tuesday, November 12th. Piper Sandler increased their target price on Assurant from $200.00 to $217.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Truist Financial boosted their price target on Assurant from $220.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Bank of America upped their price objective on Assurant from $228.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Assurant currently has an average rating of "Moderate Buy" and an average target price of $225.20.

Assurant Stock Up 1.6 %

Shares of NYSE AIZ traded up $3.34 during mid-day trading on Friday, hitting $218.82. The company had a trading volume of 488,411 shares, compared to its average volume of 339,065. 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 simple moving average of $197.03 and a two-hundred day simple moving average of $182.78. The company has a market capitalization of $11.22 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.57. Assurant, Inc. has a one year low of $159.32 and a one year high of $219.05.

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

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.