Tobias Financial Advisors Inc. Has $303,000 Position in Assurant, Inc. (NYSE:AIZ)

Tobias Financial Advisors Inc. boosted its holdings in Assurant, Inc. (NYSE:AIZ) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,423 shares of the financial services provider’s stock after acquiring an additional 223 shares during the quarter. Tobias Financial Advisors Inc.’s holdings in Assurant were worth $303,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew its stake in shares of Assurant by 191.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 34,878 shares of the financial services provider’s stock valued at $7,437,000 after purchasing an additional 22,900 shares during the period. Marshall Wace LLP grew its position in Assurant by 1.8% in the fourth quarter. Marshall Wace LLP now owns 182,167 shares of the financial services provider’s stock valued at $38,842,000 after acquiring an additional 3,290 shares during the period. Jump Financial LLC acquired a new position in Assurant during the fourth quarter worth $260,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Assurant by 37.6% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 4,925 shares of the financial services provider’s stock valued at $1,050,000 after acquiring an additional 1,345 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Assurant by 14.3% during the fourth quarter. Guggenheim Capital LLC now owns 77,684 shares of the financial services provider’s stock valued at $16,564,000 after acquiring an additional 9,724 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AIZ shares. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Piper Sandler raised shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price objective for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their target price on Assurant from $230.00 to $224.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial raised their price target on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.17.

Insider Buying and Selling

In related news, EVP Biju Nair sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the transaction, the executive vice president now directly owns 17,708 shares in the company, valued at $3,568,162. This represents a 14.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

Assurant Price Performance

AIZ opened at $190.52 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50 day simple moving average is $203.12 and its 200-day simple moving average is $206.95. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The stock has a market capitalization of $9.69 billion, a P/E ratio of 13.17 and a beta of 0.53.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Sell-side analysts anticipate that Assurant, Inc. will post 16.88 earnings per share 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.