Assurant, Inc. (NYSE:AIZ) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in Assurant, Inc. (NYSE:AIZ) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,878 shares of the financial services provider’s stock after selling 694 shares during the quarter. Calamos Advisors LLC’s holdings in Assurant were worth $18,850,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AIZ. American Century Companies Inc. increased its holdings in shares of Assurant by 11.5% in the 1st quarter. American Century Companies Inc. now owns 6,180 shares of the financial services provider’s stock valued at $1,124,000 after acquiring an additional 639 shares during the period. HighTower Advisors LLC acquired a new position in Assurant in the 1st quarter valued at $211,000. MetLife Investment Management LLC increased its stake in Assurant by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 15,499 shares of the financial services provider’s stock valued at $2,818,000 after buying an additional 2,912 shares during the period. Panagora Asset Management Inc. increased its stake in Assurant by 17.5% in the 1st quarter. Panagora Asset Management Inc. now owns 6,005 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 896 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Assurant by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,624 shares of the financial services provider’s stock valued at $1,386,000 after buying an additional 472 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on AIZ. Piper Sandler boosted their price objective on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. UBS Group increased their target price on shares of Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods downgraded shares of Assurant from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $170.00 to $182.00 in a research report on Monday, February 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.20.

Assurant Stock Up 1.1 %

Shares of Assurant stock traded up $1.84 on Friday, hitting $172.73. 19,987 shares of the company’s stock traded hands, compared to its average volume of 352,139. The stock has a market cap of $8.98 billion, a P/E ratio of 14.25, a PEG ratio of 2.15 and a beta of 0.50. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average is $178.57 and its 200 day moving average is $167.73. Assurant, Inc. has a 52-week low of $115.43 and a 52-week high of $189.48.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.88. Assurant had a return on equity of 18.36% and a net margin of 5.77%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Equities analysts anticipate that Assurant, Inc. will post 15.67 earnings per share for the current year.

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.