Assurant, Inc. (NYSE:AIZ) Stake Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Assurant, Inc. (NYSE:AIZFree Report) by 12.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,751 shares of the financial services provider’s stock after purchasing an additional 5,927 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Assurant worth $9,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Assurant by 7.5% during the third 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 position in Assurant by 75.1% in the 3rd quarter. Federated Hermes Inc. now owns 376,975 shares of the financial services provider’s stock worth $54,126,000 after purchasing an additional 161,671 shares during the last quarter. Assenagon Asset Management S.A. grew its position 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 worth $30,271,000 after purchasing an additional 132,275 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Assurant by 6.2% in the third 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 purchasing an additional 109,123 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Assurant by 120.5% during the third quarter. Nordea Investment Management AB now owns 168,490 shares of the financial services provider’s stock valued at $24,397,000 after buying an additional 92,083 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AIZ shares. Keefe, Bruyette & Woods increased their price objective on Assurant from $182.00 to $186.00 and gave the stock a “market perform” rating in a report on Wednesday. UBS Group raised their price target on Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Piper Sandler upped their price objective on shares of Assurant from $195.00 to $205.00 and gave the stock 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, Assurant presently has a consensus rating of “Moderate Buy” and an average price target of $200.25.

View Our Latest Stock Report on Assurant

Assurant Stock Performance

Shares of NYSE AIZ opened at $175.60 on Friday. Assurant, Inc. has a 1 year low of $118.45 and a 1 year high of $189.48. The firm has a market cap of $9.13 billion, a P/E ratio of 12.25, a PEG ratio of 1.75 and a beta of 0.53. The stock has a fifty day moving average price of $178.21 and a two-hundred day moving average price of $172.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39.

About Assurant

(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

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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