Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,801 Shares of Assurant, Inc. (NYSE:AIZ)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Assurant, Inc. (NYSE:AIZ) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,933 shares of the financial services provider’s stock after purchasing an additional 2,801 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Assurant were worth $4,032,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AIZ. BKM Wealth Management LLC bought a new position in Assurant in the 4th quarter worth about $25,000. Harvest Fund Management Co. Ltd lifted its stake in Assurant by 104.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Assurant during the 4th quarter valued at about $40,000. Parkside Financial Bank & Trust lifted its stake in Assurant by 52.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 106 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Assurant by 839.4% during the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 277 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Piper Sandler upped their target price on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Keefe, Bruyette & Woods cut shares of Assurant from an “outperform” rating to a “market perform” rating and upped their target price for the company from $170.00 to $182.00 in a research note on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.20.

Assurant Price Performance

Shares of NYSE:AIZ opened at $174.60 on Tuesday. The firm’s 50 day moving average price is $178.62 and its 200-day moving average price is $168.47. Assurant, Inc. has a twelve month low of $115.77 and a twelve month high of $189.48. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.08 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.20 and a beta of 0.50.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.78 billion. Equities research analysts expect that Assurant, Inc. will post 15.67 EPS for the current year.

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.