Assurant, Inc. (NYSE:AIZ) Shares Sold by Barclays PLC

Barclays PLC lowered its stake in shares of Assurant, Inc. (NYSE:AIZ) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,396 shares of the financial services provider’s stock after selling 31,914 shares during the quarter. Barclays PLC owned approximately 0.31% of Assurant worth $34,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MML Investors Services LLC raised its position in shares of Assurant by 19.5% during the 3rd quarter. MML Investors Services LLC now owns 2,677 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 436 shares in the last quarter. Sanctuary Advisors LLC raised its holdings 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 purchasing an additional 204 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Assurant during the third quarter worth $1,214,000. Wilmington Savings Fund Society FSB bought a new position in shares of Assurant in the 3rd quarter worth about $244,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Assurant by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 72,260 shares of the financial services provider’s stock valued at $14,370,000 after buying an additional 4,317 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

Assurant Trading Down 0.7 %

NYSE:AIZ opened at $189.01 on Friday. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 13.06 and a beta of 0.53. 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 1 year low of $160.12 and a 1 year high of $230.55. The business has a fifty day moving average of $202.17 and a 200-day moving average of $206.81.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) 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%. Equities analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current year.

Insider Activity at Assurant

In related news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction dated Wednesday, February 19th. The stock was 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 $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% 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.