Savant Capital LLC Buys 148 Shares of Assurant, Inc. (NYSE:AIZ)

Savant Capital LLC increased its stake in shares of Assurant, Inc. (NYSE:AIZ) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,009 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Savant Capital LLC’s holdings in Assurant were worth $507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Assurant by 7.5% in the third quarter. FMR LLC now owns 2,748,162 shares of the financial services provider’s stock valued at $394,581,000 after acquiring an additional 191,750 shares in the last quarter. Federated Hermes Inc. raised its holdings in Assurant by 75.1% in the third quarter. Federated Hermes Inc. now owns 376,975 shares of the financial services provider’s stock worth $54,126,000 after buying an additional 161,671 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Assurant by 279.1% during 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 last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 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 valued at $267,848,000 after acquiring an additional 109,123 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Assurant by 120.5% in the 3rd quarter. Nordea Investment Management AB now owns 168,490 shares of the financial services provider’s stock worth $24,397,000 after acquiring an additional 92,083 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Assurant Stock Up 0.8 %

Assurant stock opened at $176.08 on Monday. Assurant, Inc. has a one year low of $118.45 and a one year high of $189.48. The stock has a fifty day moving average of $178.76 and a 200 day moving average of $170.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market cap of $9.15 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.23 and a beta of 0.53.

Assurant (NYSE:AIZ) last issued 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. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Assurant had a net margin of 5.77% and a return on equity of 18.36%. As a group, sell-side analysts predict that Assurant, Inc. will post 15.67 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Piper Sandler lifted their target price on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. UBS Group boosted their target price on Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods downgraded shares of Assurant from an “outperform” rating to a “market perform” rating and raised their price target for the company 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.25.

Assurant 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.