Assurant, Inc. (NYSE:AIZ) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Assurant, Inc. (NYSE:AIZ) by 31.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,696 shares of the financial services provider’s stock after buying an additional 886 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Assurant were worth $623,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Hartford Investment Management Co. boosted its stake in Assurant by 3.9% during the 3rd quarter. Hartford Investment Management Co. now owns 4,657 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 174 shares during the period. Czech National Bank raised its holdings in shares of Assurant by 47.3% during the third quarter. Czech National Bank now owns 9,268 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 2,974 shares during the last quarter. Red Door Wealth Management LLC acquired a new position in shares of Assurant during the third quarter worth approximately $207,000. Edmp Inc. grew its holdings in Assurant by 105.8% in the 3rd quarter. Edmp Inc. now owns 5,962 shares of the financial services provider’s stock worth $856,000 after buying an additional 3,065 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Assurant in the 3rd quarter valued at approximately $973,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Stock Up 0.4 %

AIZ opened at $177.05 on Thursday. The stock’s fifty day moving average is $178.82 and its 200-day moving average is $168.75. Assurant, Inc. has a one year low of $115.77 and a one year high of $189.48. The company has a market capitalization of $9.20 billion, a PE ratio of 14.78, a P/E/G ratio of 2.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.78 billion. Assurant had a net margin of 5.77% and a return on equity of 18.36%. On average, equities analysts predict that Assurant, Inc. will post 15.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lowered Assurant from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $170.00 to $182.00 in a research report on Monday, February 12th. Piper Sandler upped their price objective on shares of Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, UBS Group raised their target price on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.20.

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.