Graham Capital Management L.P. Decreases Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Graham Capital Management L.P. lowered its holdings in Assurant, Inc. (NYSE:AIZ) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,457 shares of the financial services provider’s stock after selling 644 shares during the period. Graham Capital Management L.P.’s holdings in Assurant were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Assurant by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,773 shares of the financial services provider’s stock worth $1,657,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. raised its position in Assurant by 28.6% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 188 shares during the period. Atria Wealth Solutions Inc. purchased a new position in Assurant in the fourth quarter valued at about $329,000. Merit Financial Group LLC purchased a new position in Assurant in the fourth quarter valued at about $254,000. Finally, Barclays PLC grew its position in shares of Assurant by 48.4% during the 3rd quarter. Barclays PLC now owns 192,310 shares of the financial services provider’s stock valued at $38,243,000 after acquiring an additional 62,696 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

AIZ has been the topic of a number of research reports. StockNews.com raised shares of Assurant from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Keefe, Bruyette & Woods lowered their target price on Assurant from $230.00 to $224.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Truist Financial increased their price target on Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Piper Sandler upgraded Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price objective on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $234.17.

Assurant Stock Performance

NYSE:AIZ opened at $201.97 on Friday. The business’s fifty day moving average is $198.26 and its 200 day moving average is $207.03. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 13.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55.

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

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the sale, the executive vice president now owns 17,708 shares of the company’s stock, valued at $3,568,162. This trade represents a 14.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.51% of the company’s stock.

Assurant Company 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.