Assurant, Inc. (NYSE:AIZ) Stock Holdings Decreased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its position in Assurant, Inc. (NYSE:AIZ) by 81.7% in the 4th quarter, Holdings Channel reports. The fund owned 224 shares of the financial services provider’s stock after selling 1,003 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Assurant were worth $48,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. lifted its holdings in shares of Assurant by 39.9% in the fourth quarter. Lecap Asset Management Ltd. now owns 4,792 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 1,367 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Assurant during the fourth quarter valued at $28,000. Financial Architects LLC acquired a new position in Assurant during the fourth quarter valued at $2,420,000. Tectonic Advisors LLC lifted its stake in Assurant by 3.6% in the 4th quarter. Tectonic Advisors LLC now owns 2,843 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 98 shares in the last quarter. Finally, Longboard Asset Management LP acquired a new stake in Assurant during the 4th quarter worth about $232,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Stock Performance

Shares of AIZ opened at $208.11 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a 12 month low of $160.12 and a 12 month high of $230.55. The company’s fifty day moving average is $212.49 and its 200-day moving average is $202.47. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 14.84 and a beta of 0.62.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.31% and a return on equity of 17.42%. Equities analysts expect that Assurant, Inc. will post 15.82 EPS for the current fiscal year.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, February 3rd. Assurant’s payout ratio is 22.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley initiated coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price on the stock. Truist Financial upped their price objective on shares of Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Assurant presently has a consensus rating of “Hold” and a consensus price target of $231.17.

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.