NDVR Inc. Buys Shares of 1,109 Assurant, Inc. (NYSE:AIZ)

NDVR Inc. bought a new stake in Assurant, Inc. (NYSE:AIZ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,109 shares of the financial services provider’s stock, valued at approximately $236,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. increased its holdings in Assurant by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider’s stock valued at $1,593,000 after buying an additional 50 shares in the last quarter. LRI Investments LLC increased its stake in shares of Assurant by 14.0% during the 4th quarter. LRI Investments LLC now owns 553 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 68 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Assurant by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Assurant by 1.1% during the 4th quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider’s stock worth $1,642,000 after purchasing an additional 84 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Assurant by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 84 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIZ. Piper Sandler raised shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price objective for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Assurant from $230.00 to $224.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Truist Financial raised their target price on shares of Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $234.17.

Insider Activity

In related news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the sale, the executive vice president now owns 17,708 shares of the company’s stock, valued at $3,568,162. The trade was a 14.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

Assurant Stock Up 3.2%

Shares of AIZ opened at $201.98 on Tuesday. The firm has a market cap of $10.27 billion, a PE ratio of 13.96 and a beta of 0.59. The company’s fifty day moving average is $198.57 and its two-hundred day moving average is $206.96. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two 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.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, May 6th. The financial services provider reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.61. Assurant had a net margin of 6.40% and a return on equity of 17.25%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the firm posted $4.78 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts forecast that Assurant, Inc. will post 16.88 earnings per share for the current year.

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.