Assurant, Inc. (NYSE:AIZ) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in Assurant, Inc. (NYSE:AIZ) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,826 shares of the financial services provider’s stock after purchasing an additional 721 shares during the period. Cerity Partners LLC’s holdings in Assurant were worth $1,848,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AIZ. PNC Financial Services Group Inc. lifted its stake in shares of Assurant by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,773 shares of the financial services provider’s stock worth $1,657,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. raised its stake in shares of Assurant by 28.6% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the financial services provider’s stock worth $168,000 after buying an additional 188 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Assurant by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider’s stock worth $34,079,000 after acquiring an additional 24,887 shares during the period. Atria Wealth Solutions Inc. purchased a new position in Assurant in the fourth quarter worth $329,000. Finally, Merit Financial Group LLC acquired a new stake in Assurant in the fourth quarter valued at $254,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Assurant Stock Performance

Shares of AIZ opened at $190.52 on Thursday. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 13.17 and a beta of 0.53. The business’s 50 day moving average is $203.12 and its two-hundred day moving average is $206.95.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. Analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Analyst Ratings Changes

AIZ has been the topic of several research analyst reports. Truist Financial boosted their price target on Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods cut their price objective on Assurant from $230.00 to $224.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Piper Sandler upgraded Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 target price on the stock in a report on Thursday, April 10th. Finally, StockNews.com downgraded Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.17.

Insider Buying and Selling at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the transaction, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. The trade was a 14.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

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.