5,328 Shares in Assurant, Inc. (NYSE:AIZ) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH acquired a new position in Assurant, Inc. (NYSE:AIZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,328 shares of the financial services provider’s stock, valued at approximately $1,136,000.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Assurant in the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its holdings in Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Assurant by 219.1% in the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 103 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Assurant by 503.1% during the fourth quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 161 shares during the period. Finally, Richardson Financial Services Inc. boosted its holdings in Assurant by 42.8% during the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 86 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AIZ shares. Truist Financial increased their target price on shares of Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler upgraded shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 target price for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods reduced their target price 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. Finally, StockNews.com upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Assurant presently has a consensus rating of “Moderate Buy” and an average target price of $234.17.

Assurant Stock Performance

NYSE:AIZ opened at $201.97 on Friday. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $10.27 billion, a PE ratio of 13.96 and a beta of 0.59. The firm has a 50-day moving average price of $198.26 and a 200 day moving average price of $206.95.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.61. Assurant had a net margin of 6.40% and a return on equity of 17.25%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business posted $4.78 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Biju Nair sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 17,708 shares of the company’s stock, valued at approximately $3,568,162. This trade represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

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.