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

Tobias Financial Advisors Inc. lifted its position in Assurant, Inc. (NYSE:AIZ) by 18.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,423 shares of the financial services provider’s stock after purchasing an additional 223 shares during the period. Tobias Financial Advisors Inc.’s holdings in Assurant were worth $303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Assurant by 1.3% during the fourth 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 in the last quarter. Blue Trust Inc. raised its stake in Assurant by 28.6% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the financial services provider’s stock worth $168,000 after buying an additional 188 shares during the period. JPMorgan Chase & Co. lifted its holdings in Assurant by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider’s stock worth $34,079,000 after acquiring an additional 24,887 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Assurant in the fourth quarter valued at about $329,000. Finally, Merit Financial Group LLC bought a new stake in shares of Assurant in the fourth quarter worth about $254,000. Institutional investors own 92.65% of the company’s stock.

Assurant Price Performance

NYSE AIZ opened at $190.52 on Thursday. The firm’s 50 day moving average is $203.12 and its 200-day moving average is $206.95. 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 company has a market capitalization of $9.69 billion, a PE ratio of 13.17 and a beta of 0.53. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. Equities research analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Insider Activity at Assurant

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Assurant from $230.00 to $224.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Piper Sandler upgraded shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price target for the company in a report on Thursday, April 10th. 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 boosted their price objective on shares of Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Assurant has an average rating of “Moderate Buy” and a consensus target price of $234.17.

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.