XTX Topco Ltd Trims Stock Position in Assurant, Inc. (NYSE:AIZ)

XTX Topco Ltd reduced its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 72.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,841 shares of the financial services provider's stock after selling 7,552 shares during the period. XTX Topco Ltd's holdings in Assurant were worth $606,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AIZ. Bank of New York Mellon Corp increased its holdings in shares of Assurant by 36.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider's stock valued at $708,016,000 after purchasing an additional 891,292 shares in the last quarter. Geode Capital Management LLC increased its holdings in Assurant by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,399,725 shares of the financial services provider's stock worth $299,724,000 after acquiring an additional 10,956 shares in the last quarter. Norges Bank purchased a new stake in Assurant in the 4th quarter worth $143,475,000. Amundi increased its holdings in Assurant by 45.0% in the 4th quarter. Amundi now owns 281,199 shares of the financial services provider's stock worth $57,764,000 after acquiring an additional 87,323 shares in the last quarter. Finally, FIL Ltd increased its holdings in Assurant by 42.4% in the 4th quarter. FIL Ltd now owns 213,550 shares of the financial services provider's stock worth $45,533,000 after acquiring an additional 63,550 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant Stock Performance

Shares of AIZ stock traded up $1.69 during midday trading on Thursday, hitting $192.76. The company had a trading volume of 60,744 shares, compared to its average volume of 383,078. The company's 50 day simple moving average is $201.08 and its 200 day simple moving average is $206.60. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 13.32 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43.

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

Insider Buying and Selling at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the sale, the executive vice president now directly owns 17,708 shares in the company, valued at $3,568,162. This represents a 14.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AIZ shares. Truist Financial boosted their price target on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods decreased their target price on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com lowered shares of Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, Piper Sandler raised shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price on the stock in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Assurant presently has a consensus rating of "Moderate Buy" and an average target price of $234.17.

Assurant Company 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.