Tredje AP fonden Reduces Holdings in Assurant, Inc. (NYSE:AIZ)

Tredje AP fonden reduced its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,133 shares of the financial services provider's stock after selling 4,133 shares during the quarter. Tredje AP fonden's holdings in Assurant were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in shares of Assurant in the 3rd quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Assurant in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC increased its position in shares of Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock valued at $28,000 after buying an additional 75 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock worth $32,000 after buying an additional 103 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Assurant by 509.4% in the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider's stock worth $39,000 after buying an additional 163 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Assurant Trading Up 0.5 %

Shares of AIZ stock traded up $1.16 during mid-day trading on Wednesday, hitting $213.76. 316,162 shares of the company's stock were exchanged, compared to its average volume of 345,130. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 14.77 and a beta of 0.61. The stock has a 50-day simple moving average of $208.19 and a two-hundred day simple moving average of $206.43. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41.

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Assurant (NYSE:AIZ - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. Equities analysts expect that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be issued a $0.80 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a yield of 1.50%. Assurant's payout ratio is 22.11%.

Insiders Place Their Bets

In related news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the sale, the executive vice president now directly owns 17,708 shares in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AIZ. Truist Financial lifted their target price on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods raised Assurant from a "market perform" rating to an "outperform" rating and upped their target price for the company from $212.00 to $230.00 in a research note on Thursday, February 20th. Morgan Stanley assumed coverage on Assurant in a research report on Thursday, December 5th. They set an "equal weight" rating and a $251.00 price target for the company. Finally, StockNews.com lowered Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $234.17.

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.