Charles Schwab Investment Management Inc. Has $74.71 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Charles Schwab Investment Management Inc. lifted its position in shares of Assurant, Inc. (NYSE:AIZFree Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 443,409 shares of the financial services provider’s stock after buying an additional 4,394 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.84% of Assurant worth $74,710,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Assurant by 7.5% during the 3rd quarter. FMR LLC now owns 2,748,162 shares of the financial services provider’s stock valued at $394,581,000 after acquiring an additional 191,750 shares during the period. Federated Hermes Inc. grew its stake in Assurant by 75.1% during the third quarter. Federated Hermes Inc. now owns 376,975 shares of the financial services provider’s stock worth $54,126,000 after buying an additional 161,671 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Assurant by 279.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 179,663 shares of the financial services provider’s stock valued at $30,271,000 after buying an additional 132,275 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Assurant by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,865,496 shares of the financial services provider’s stock valued at $267,848,000 after buying an additional 109,123 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Assurant by 120.5% during the 3rd quarter. Nordea Investment Management AB now owns 168,490 shares of the financial services provider’s stock worth $24,397,000 after acquiring an additional 92,083 shares during the period. Institutional investors own 92.65% of the company’s stock.

Assurant Stock Performance

NYSE AIZ opened at $177.29 on Wednesday. Assurant, Inc. has a fifty-two week low of $118.45 and a fifty-two week high of $189.48. The stock has a market cap of $9.22 billion, a PE ratio of 12.37, a PEG ratio of 1.78 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39. The firm’s fifty day moving average price is $178.43 and its two-hundred day moving average price is $171.67.

Wall Street Analysts Forecast Growth

AIZ has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods cut Assurant from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $170.00 to $182.00 in a report on Monday, February 12th. Finally, Piper Sandler lifted their target price on Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.25.

Read Our Latest Research Report on AIZ

Assurant Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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