Montag A & Associates Inc. Has $1.87 Million Holdings in Assurant, Inc. (NYSE:AIZ)

Montag A & Associates Inc. lifted its position in shares of Assurant, Inc. (NYSE:AIZ) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,087 shares of the financial services provider’s stock after buying an additional 1,305 shares during the quarter. Montag A & Associates Inc.’s holdings in Assurant were worth $1,868,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. CWM LLC increased its position in shares of Assurant by 6.8% during the fourth quarter. CWM LLC now owns 976 shares of the financial services provider’s stock worth $164,000 after buying an additional 62 shares during the period. Advisor Partners II LLC grew its holdings in Assurant by 3.5% in the third quarter. Advisor Partners II LLC now owns 2,022 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 69 shares during the period. Arizona State Retirement System grew its holdings in Assurant by 0.5% in the fourth quarter. Arizona State Retirement System now owns 14,573 shares of the financial services provider’s stock worth $2,455,000 after purchasing an additional 73 shares during the period. Tectonic Advisors LLC grew its holdings in Assurant by 4.0% in the fourth quarter. Tectonic Advisors LLC now owns 2,197 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 85 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in Assurant by 104.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Assurant Stock Up 1.6 %

Shares of NYSE AIZ traded up $2.75 during mid-day trading on Thursday, reaching $179.29. 299,322 shares of the company’s stock traded hands, compared to its average volume of 354,554. The stock has a market cap of $9.32 billion, a P/E ratio of 14.97, a PEG ratio of 2.23 and a beta of 0.53. The business has a 50-day simple moving average of $178.57 and a 200 day simple moving average of $170.72. Assurant, Inc. has a 1-year low of $118.45 and a 1-year high of $189.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41.

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 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 during the quarter, compared to analysts’ expectations of $2.78 billion. On average, analysts expect that Assurant, Inc. will post 15.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group raised their price target on shares of Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Piper Sandler raised their price target on shares of Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods cut shares of Assurant from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $170.00 to $182.00 in a report on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.25.

Assurant 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.