Mutual of America Capital Management LLC Reduces Holdings in Assurant, Inc. (NYSE:AIZ)

Mutual of America Capital Management LLC lowered its stake in shares of Assurant, Inc. (NYSE:AIZ) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,040 shares of the financial services provider’s stock after selling 382 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Assurant were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Harbor Investment Advisory LLC grew its holdings in shares of Assurant by 38.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 723 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 200 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Assurant by 31.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,696 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 886 shares in the last quarter. SOL Capital Management CO purchased a new stake in Assurant in the fourth quarter worth $202,000. Wakefield Asset Management LLLP bought a new position in Assurant in the fourth quarter worth $3,345,000. Finally, Nisa Investment Advisors LLC lifted its position in Assurant by 18.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 34,066 shares of the financial services provider’s stock valued at $5,740,000 after buying an additional 5,194 shares during the period. 92.65% of the stock is owned by institutional investors.

Assurant Stock Performance

Shares of AIZ stock opened at $174.60 on Tuesday. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.20 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. Assurant, Inc. has a one year low of $115.77 and a one year high of $189.48. The company’s 50-day moving average is $178.62 and its 200 day moving average is $168.47.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. Assurant had a net margin of 5.77% and a return on equity of 18.36%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Sell-side analysts expect that Assurant, Inc. will post 15.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AIZ. Piper Sandler upped their target price on shares of Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. UBS Group raised their target price on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods lowered shares of Assurant from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $170.00 to $182.00 in a report on Monday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Assurant presently has a consensus rating of “Moderate Buy” and an average price target of $192.20.

About Assurant

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.