Norinchukin Bank The Increases Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Norinchukin Bank The grew its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,365 shares of the financial services provider’s stock after purchasing an additional 203 shares during the period. Norinchukin Bank The’s holdings in Assurant were worth $504,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC increased its stake in Assurant by 48.4% during the 3rd quarter. Barclays PLC now owns 192,310 shares of the financial services provider’s stock worth $38,243,000 after buying an additional 62,696 shares during the period. Sanctuary Advisors LLC increased its position in shares of Assurant by 7.4% during the third quarter. Sanctuary Advisors LLC now owns 2,950 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 204 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Assurant in the third quarter valued at $1,214,000. Wilmington Savings Fund Society FSB purchased a new position in Assurant in the third quarter valued at $244,000. Finally, Principal Financial Group Inc. grew its stake in Assurant by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 72,260 shares of the financial services provider’s stock worth $14,370,000 after purchasing an additional 4,317 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the transaction, the executive vice president now directly owns 17,708 shares of the company’s stock, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Assurant Stock Up 2.5 %

Shares of NYSE:AIZ opened at $188.55 on Wednesday. The firm has a 50 day simple moving average of $201.31 and a 200-day simple moving average of $206.71. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $9.59 billion, a PE ratio of 13.03 and a beta of 0.53.

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