Tokio Marine Asset Management Co. Ltd. Has $285,000 Stock Position in Assurant, Inc. (NYSE:AIZ)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Assurant, Inc. (NYSE:AIZ) by 8.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,692 shares of the financial services provider’s stock after purchasing an additional 126 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Assurant were worth $285,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of Assurant during the 4th quarter worth about $25,000. Harvest Fund Management Co. Ltd increased its position in shares of Assurant by 104.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Assurant during the 4th quarter worth about $40,000. Parkside Financial Bank & Trust increased its position in Assurant by 52.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 106 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Assurant by 839.4% in the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Stock Down 0.4 %

Shares of NYSE:AIZ opened at $172.88 on Monday. Assurant, Inc. has a one year low of $116.46 and a one year high of $189.48. The company has a 50 day moving average of $178.83 and a 200-day moving average of $169.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 2.19 and a beta of 0.50.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 EPS 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 analysts’ expectations of $2.78 billion. On average, sell-side analysts forecast that Assurant, Inc. will post 15.67 earnings per share for the current year.

Analyst Ratings Changes

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