Tredje AP fonden Has $881,000 Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Tredje AP fonden lowered its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,133 shares of the financial services provider’s stock after selling 4,133 shares during the period. Tredje AP fonden’s holdings in Assurant were worth $881,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AIZ. True Wealth Design LLC bought a new position in shares of Assurant during the 3rd quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Assurant during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC boosted its stake in Assurant by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 75 shares in the last quarter. Jones Financial Companies Lllp grew 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 during the period. Finally, Huntington National Bank increased its stake in Assurant by 509.4% in the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 163 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the company’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 transaction, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. This represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

Assurant Stock Up 3.6 %

AIZ stock opened at $211.44 on Friday. The firm has a market capitalization of $10.74 billion, a PE ratio of 14.61 and a beta of 0.61. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55. The stock’s 50 day moving average is $207.93 and its 200-day moving average is $206.09.

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

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s payout ratio is 22.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AIZ shares. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Truist Financial raised their price objective 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 raised Assurant from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $212.00 to $230.00 in a research report on Thursday, February 20th. Finally, Morgan Stanley started coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Assurant presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.17.

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.