Signaturefd LLC Trims Holdings in Assurant, Inc. (NYSE:AIZ)

Signaturefd LLC trimmed its position in Assurant, Inc. (NYSE:AIZ) by 19.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,444 shares of the financial services provider’s stock after selling 836 shares during the period. Signaturefd LLC’s holdings in Assurant were worth $580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in shares of Assurant during the 4th quarter worth about $25,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Assurant by 104.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Assurant during the 4th quarter worth about $40,000. Parkside Financial Bank & Trust lifted its holdings in shares of Assurant by 52.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 106 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Assurant by 839.4% during the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 277 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Assurant Stock Up 1.0 %

Shares of NYSE:AIZ opened at $176.31 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. Assurant, Inc. has a 52-week low of $115.77 and a 52-week high of $189.48. The company has a 50 day moving average of $178.72 and a two-hundred day moving average of $168.69. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.50.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.88. Assurant had a net margin of 5.77% and a return on equity of 18.36%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.78 billion. As a group, analysts forecast that Assurant, Inc. will post 15.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AIZ has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods lowered shares of Assurant from an “outperform” rating to a “market perform” rating and raised their price target for the company from $170.00 to $182.00 in a report on Monday, February 12th. Finally, Piper Sandler raised their price target on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.20.

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.