Victory Capital Management Inc. Has $24.69 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Victory Capital Management Inc. decreased its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,154 shares of the financial services provider's stock after selling 7,445 shares during the period. Victory Capital Management Inc. owned 0.24% of Assurant worth $24,689,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AIZ. Aigen Investment Management LP acquired a new stake in shares of Assurant during the 3rd quarter worth approximately $261,000. Covestor Ltd raised its position in shares of Assurant by 48.4% during the 3rd quarter. Covestor Ltd now owns 478 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 156 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Assurant by 51.9% in the 3rd quarter. Atria Investments Inc now owns 2,572 shares of the financial services provider's stock valued at $511,000 after purchasing an additional 879 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Assurant in the 3rd quarter valued at $56,000. Finally, Principal Financial Group Inc. boosted its position in shares of Assurant by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 72,260 shares of the financial services provider's stock worth $14,370,000 after purchasing an additional 4,317 shares during the last quarter. Institutional investors own 92.65% of the company's stock.

Assurant Stock Up 0.8 %

AIZ stock traded up $1.78 during mid-day trading on Monday, hitting $220.60. 157,368 shares of the company were exchanged, compared to its average volume of 348,255. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 0.42. Assurant, Inc. has a 1-year low of $160.12 and a 1-year high of $220.75. The firm's 50 day simple moving average is $197.03 and its 200 day simple moving average is $182.83. The firm has a market cap of $11.31 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.18 and a beta of 0.57.

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

Analysts Set New Price Targets

Several research firms have weighed in on AIZ. Keefe, Bruyette & Woods increased their target price on Assurant from $194.00 to $212.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Assurant from a "buy" rating to a "hold" rating in a research report on Thursday, October 17th. Truist Financial boosted their price objective on shares of Assurant from $220.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Bank of America upped their target price on shares of Assurant from $228.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, UBS Group boosted their price target on shares of Assurant from $217.00 to $224.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Assurant has a consensus rating of "Moderate Buy" and an average target price of $225.20.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $209.18, for a total transaction of $627,540.00. Following the completion of the transaction, the executive vice president now owns 20,658 shares of the company's stock, valued at $4,321,240.44. This represents a 12.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.53% of the company's stock.

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.