Assurant, Inc. (NYSE:AIZ) Shares Purchased by abrdn plc

abrdn plc lifted its stake in Assurant, Inc. (NYSE:AIZ) by 119.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,002 shares of the financial services provider’s stock after acquiring an additional 5,997 shares during the quarter. abrdn plc’s holdings in Assurant were worth $1,854,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AIZ. BKM Wealth Management LLC acquired a new position in shares of Assurant in the 4th quarter worth approximately $25,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Assurant by 104.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Assurant in the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust lifted its holdings in shares of Assurant by 52.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 106 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Assurant by 839.4% during the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider’s stock worth $51,000 after buying an additional 277 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Assurant Trading Down 0.4 %

Shares of NYSE:AIZ opened at $172.88 on Monday. Assurant, Inc. has a 52 week low of $116.46 and a 52 week high of $189.48. The company’s 50 day moving average is $178.83 and its two-hundred day moving average is $169.29. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $8.99 billion, a PE ratio of 14.43, a P/E/G ratio of 2.19 and a beta of 0.50.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.78 billion. Equities analysts predict that Assurant, Inc. will post 15.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report 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 report on Monday, February 12th. Finally, Keefe, Bruyette & Woods lowered 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 report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.20.

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.