Andra AP fonden Has $2.45 Million Holdings in Assurant, Inc. (NYSE:AIZ)

Andra AP fonden lessened its stake in Assurant, Inc. (NYSE:AIZ) by 80.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,500 shares of the financial services provider’s stock after selling 48,100 shares during the quarter. Andra AP fonden’s holdings in Assurant were worth $2,452,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in 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 during the last quarter. FMR LLC lifted its holdings in Assurant by 6.0% during the 3rd quarter. FMR LLC now owns 1,163,593 shares of the financial services provider’s stock valued at $231,392,000 after purchasing an additional 65,874 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Assurant by 11,480.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 464,952 shares of the financial services provider’s stock valued at $92,460,000 after purchasing an additional 460,937 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Assurant during the 3rd quarter valued at $48,430,000. Finally, Barclays PLC lifted its holdings in Assurant by 48.4% during the 3rd quarter. Barclays PLC now owns 192,310 shares of the financial services provider’s stock valued at $38,243,000 after purchasing an additional 62,696 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

Assurant Stock Up 1.8 %

Shares of NYSE AIZ opened at $204.94 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. Assurant, Inc. has a 52 week low of $160.12 and a 52 week high of $230.55. The stock has a market capitalization of $10.41 billion, a P/E ratio of 14.16 and a beta of 0.61. The stock’s fifty day moving average is $208.63 and its 200 day moving average is $205.73.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, topping 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%. Sell-side analysts forecast that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio is presently 22.11%.

Analyst Ratings Changes

AIZ has been the subject of several research reports. StockNews.com downgraded Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Assurant from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $212.00 to $230.00 in a report on Thursday, February 20th. Truist Financial lifted their target price on Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Morgan Stanley assumed coverage on Assurant in a report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Assurant 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.