Mountain Pacific Investment Advisers Inc. ID Has $29.43 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Mountain Pacific Investment Advisers Inc. ID raised its holdings in Assurant, Inc. (NYSE:AIZ) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 174,649 shares of the financial services provider’s stock after acquiring an additional 800 shares during the period. Assurant accounts for 1.8% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 22nd largest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Assurant were worth $29,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in shares of Assurant by 21.5% in the third quarter. Bank of New York Mellon Corp now owns 3,238,477 shares of the financial services provider’s stock worth $464,981,000 after acquiring an additional 573,309 shares during the last quarter. FMR LLC increased its holdings in shares of Assurant by 7.5% during the 3rd quarter. FMR LLC now owns 2,748,162 shares of the financial services provider’s stock worth $394,581,000 after purchasing an additional 191,750 shares during the period. Federated Hermes Inc. raised its position in shares of Assurant by 75.1% during the third quarter. Federated Hermes Inc. now owns 376,975 shares of the financial services provider’s stock valued at $54,126,000 after buying an additional 161,671 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Assurant by 279.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 179,663 shares of the financial services provider’s stock valued at $30,271,000 after buying an additional 132,275 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Assurant by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,865,496 shares of the financial services provider’s stock worth $267,848,000 after buying an additional 109,123 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Assurant Stock Down 0.4 %

AIZ opened at $172.88 on Friday. Assurant, Inc. has a twelve month low of $116.46 and a twelve month high of $189.48. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.24 and a beta of 0.50. The firm’s 50-day simple moving average is $178.83 and its 200-day simple moving average is $168.97. 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 posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.88. Assurant had a net margin of 5.77% and a return on equity of 18.36%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. Equities research analysts anticipate that Assurant, Inc. will post 15.67 EPS for the current fiscal year.

About Assurant

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.