US Bancorp DE Raises Holdings in Assurant, Inc. (NYSE:AIZ)

US Bancorp DE raised its position in Assurant, Inc. (NYSE:AIZ) by 7.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 829 shares of the financial services provider’s stock after purchasing an additional 56 shares during the period. US Bancorp DE’s holdings in Assurant were worth $165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Assurant by 32.5% in the second quarter. AQR Capital Management LLC now owns 1,041,678 shares of the financial services provider’s stock worth $173,179,000 after buying an additional 255,471 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Assurant by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 698,677 shares of the financial services provider’s stock valued at $116,159,000 after acquiring an additional 12,935 shares during the last quarter. TD Asset Management Inc lifted its stake in Assurant by 20.4% in the 2nd quarter. TD Asset Management Inc now owns 566,123 shares of the financial services provider’s stock worth $94,118,000 after purchasing an additional 96,021 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Assurant by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 383,549 shares of the financial services provider’s stock worth $63,765,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Assurant by 18.0% in the second quarter. Marshall Wace LLP now owns 203,778 shares of the financial services provider’s stock valued at $33,878,000 after purchasing an additional 31,150 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Buying and Selling

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at $593,962.88. The trade was a 14.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Biju Nair sold 3,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $209.18, for a total transaction of $627,540.00. Following the sale, the executive vice president now directly owns 20,658 shares in the company, valued at $4,321,240.44. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on Assurant from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a report on Tuesday. Piper Sandler boosted their price target on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Bank of America raised their price objective on shares of Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $225.20.

Assurant Stock Up 1.1 %

Shares of NYSE:AIZ opened at $215.48 on Friday. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.11 and a beta of 0.57. Assurant, Inc. has a 12-month low of $159.32 and a 12-month high of $215.87. The business has a 50-day moving average price of $196.09 and a 200 day moving average price of $182.18. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.48. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Assurant had a net margin of 6.31% and a return on equity of 17.42%. Assurant’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.29 earnings per share. Sell-side analysts expect that Assurant, Inc. will post 15.05 EPS for the current year.

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.