Assurant, Inc. (NYSE:AIZ) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in Assurant, Inc. (NYSE:AIZ) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,309 shares of the financial services provider’s stock after selling 399 shares during the period. Securian Asset Management Inc.’s holdings in Assurant were worth $558,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of Assurant during the fourth quarter worth $25,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Assurant by 104.6% during the third 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. purchased a new stake in shares of Assurant in the 4th quarter valued at approximately $40,000. Parkside Financial Bank & Trust boosted its stake in Assurant by 52.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 106 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Assurant by 839.4% in the 4th quarter. Global Retirement Partners LLC now owns 310 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 277 shares during the period. Institutional investors own 92.65% of the company’s stock.

Insider Buying and Selling at Assurant

In other news, EVP Michael P. Campbell sold 1,304 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $173.35, for a total transaction of $226,048.40. Following the transaction, the executive vice president now owns 24,586 shares in the company, valued at approximately $4,261,983.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Michael P. Campbell sold 1,304 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $173.35, for a total transaction of $226,048.40. Following the transaction, the executive vice president now owns 24,586 shares of the company’s stock, valued at approximately $4,261,983.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Dimitry Dirienzo sold 2,084 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $175.29, for a total value of $365,304.36. Following the completion of the transaction, the chief accounting officer now directly owns 3,702 shares in the company, valued at $648,923.58. The disclosure for this sale can be found here. Insiders sold 12,788 shares of company stock worth $2,248,489 over the last ninety days. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AIZ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on Assurant from $182.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday, May 15th. UBS Group upped their target price 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 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Assurant has a consensus rating of “Moderate Buy” and a consensus price target of $200.25.

Assurant Stock Down 1.1 %

Shares of Assurant stock opened at $169.51 on Thursday. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.72 and a beta of 0.53. The stock has a 50-day simple moving average of $177.66 and a 200-day simple moving average of $172.22. Assurant, Inc. has a 52-week low of $118.45 and a 52-week high of $189.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.39 and a quick ratio of 0.39.

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.