Alaska Permanent Fund Corp Sells 441 Shares of Assurant, Inc. (NYSE:AIZ)

Alaska Permanent Fund Corp cut its stake in Assurant, Inc. (NYSE:AIZ) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 18,159 shares of the financial services provider’s stock after selling 441 shares during the period. Alaska Permanent Fund Corp’s holdings in Assurant were worth $3,060,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Assurant by 6.8% in the 4th quarter. CWM LLC now owns 976 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 62 shares in the last quarter. Advisor Partners II LLC increased its stake in shares of Assurant by 3.5% in the 3rd quarter. Advisor Partners II LLC now owns 2,022 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 69 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Assurant by 0.5% in the 4th quarter. Arizona State Retirement System now owns 14,573 shares of the financial services provider’s stock worth $2,455,000 after acquiring an additional 73 shares in the last quarter. Tectonic Advisors LLC increased its stake in shares of Assurant by 4.0% in the 4th quarter. Tectonic Advisors LLC now owns 2,197 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 85 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Assurant by 104.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant Stock Up 0.4 %

NYSE:AIZ traded up $0.74 on Wednesday, reaching $177.05. 295,311 shares of the stock traded hands, compared to its average volume of 353,022. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 2.21 and a beta of 0.50. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. Assurant, Inc. has a 12 month low of $115.77 and a 12 month high of $189.48. The company’s fifty day simple moving average is $178.72 and its 200 day simple moving average is $168.69.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.78 billion. Assurant had a net margin of 5.77% and a return on equity of 18.36%. Equities analysts predict that Assurant, Inc. will post 15.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AIZ has been the subject of several research reports. Piper Sandler increased their price target on shares of Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods lowered shares of Assurant from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $170.00 to $182.00 in a research note on Monday, February 12th. Finally, UBS Group raised their price objective 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.20.

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.