AGF Management Ltd. Reduces Stock Holdings in Assurant, Inc. (NYSE:AIZ)

AGF Management Ltd. lowered its stake in shares of Assurant, Inc. (NYSE:AIZFree Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,475 shares of the financial services provider’s stock after selling 5,496 shares during the quarter. AGF Management Ltd.’s holdings in Assurant were worth $2,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in shares of Assurant in the fourth quarter valued at $25,000. Harvest Fund Management Co. Ltd raised its position in 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 purchasing an additional 91 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in Assurant in the fourth quarter worth about $40,000. Parkside Financial Bank & Trust boosted its position in shares of Assurant by 52.0% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock valued at $45,000 after buying an additional 106 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of Assurant by 839.4% during the fourth quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider’s stock valued at $51,000 after buying an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Assurant Stock Up 0.5 %

Shares of NYSE:AIZ opened at $177.29 on Wednesday. The business’s 50 day moving average is $178.43 and its 200 day moving average is $171.67. The stock has a market cap of $9.22 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.78 and a beta of 0.53. Assurant, Inc. has a 52-week low of $118.45 and a 52-week high of $189.48. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.42.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIZ. UBS Group raised their price target on Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods downgraded Assurant from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $170.00 to $182.00 in a research report on Monday, February 12th. Finally, Piper Sandler boosted their target price on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Assurant currently has an average rating of “Moderate Buy” and a consensus target price of $199.25.

Get Our Latest Research Report on Assurant

Assurant Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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