Pittenger & Anderson Inc. Has $5.61 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Pittenger & Anderson Inc. boosted its stake in Assurant, Inc. (NYSE:AIZ) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 26,315 shares of the financial services provider’s stock after buying an additional 55 shares during the period. Pittenger & Anderson Inc.’s holdings in Assurant were worth $5,611,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cascade Investment Advisors Inc. lifted its stake in Assurant by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider’s stock worth $1,593,000 after purchasing an additional 50 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Assurant by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 10,087 shares of the financial services provider’s stock worth $2,006,000 after buying an additional 52 shares during the last quarter. US Bancorp DE increased its holdings in shares of Assurant by 7.2% in the 3rd quarter. US Bancorp DE now owns 829 shares of the financial services provider’s stock worth $165,000 after buying an additional 56 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Assurant by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,919 shares of the financial services provider’s stock worth $1,376,000 after buying an additional 78 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Assurant by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,615 shares of the financial services provider’s stock worth $1,514,000 after buying an additional 79 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Assurant Trading Down 2.5 %

Shares of AIZ opened at $202.73 on Monday. The stock has a market capitalization of $10.40 billion, a P/E ratio of 14.46 and a beta of 0.62. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $211.71 and a two-hundred day simple moving average of $203.11. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.31% and a return on equity of 17.42%. On average, research analysts anticipate that Assurant, Inc. will post 15.82 EPS for the current year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be given a $0.80 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.58%. Assurant’s dividend payout ratio is 22.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIZ. StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Morgan Stanley assumed coverage on shares of Assurant in a report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on shares of Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Finally, 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 report on Thursday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $231.17.

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.