Thrivent Financial for Lutherans Has $1.94 Million Stock Position in Assurant, Inc. $AIZ

Thrivent Financial for Lutherans lessened its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 41.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,969 shares of the financial services provider’s stock after selling 6,416 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Assurant were worth $1,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its stake in shares of Assurant by 37.9% during the 3rd quarter. New York State Common Retirement Fund now owns 37,148 shares of the financial services provider’s stock worth $8,046,000 after acquiring an additional 10,200 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Assurant by 1,823.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 45,386 shares of the financial services provider’s stock worth $9,871,000 after purchasing an additional 43,026 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Assurant by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 455,070 shares of the financial services provider’s stock valued at $89,872,000 after purchasing an additional 6,041 shares in the last quarter. Nordea Investment Management AB increased its stake in Assurant by 29.3% in the 3rd quarter. Nordea Investment Management AB now owns 665,683 shares of the financial services provider’s stock valued at $143,588,000 after buying an additional 150,907 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in Assurant during the 3rd quarter worth about $22,949,000. 92.65% of the stock is currently owned by institutional investors.

Assurant Price Performance

NYSE:AIZ opened at $216.71 on Thursday. Assurant, Inc. has a 12-month low of $174.97 and a 12-month high of $246.31. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 12.77 and a beta of 0.56. The stock’s 50 day moving average price is $235.82 and its two-hundred day moving average price is $221.47. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.38.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.06. Assurant had a return on equity of 18.96% and a net margin of 6.81%.The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the firm earned $4.79 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Tuesday, February 17th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Assurant’s dividend payout ratio (DPR) is currently 21.42%.

Assurant News Summary

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Q4 results beat expectations — Assurant reported $5.61 EPS vs. $5.55 consensus and revenue of $3.35B vs. $3.28B expected, showing year‑over‑year top‑line and profit improvement. Zacks Q4 Results
• Positive Sentiment: Adjusted profitability rose — GAAP net income and adjusted EBITDA increased (Q4 adjusted EBITDA ~$436.5M, up ~14% YoY), and management highlighted strength in housing and Global Automotive growth within Global Lifestyle. BusinessWire Release
• Positive Sentiment: Lower catastrophe losses helped margins — reported results benefited from fewer reportable catastrophes, supporting a stronger net margin versus last year. MSN Coverage
• Neutral Sentiment: Full details and management commentary are available — investors can review the earnings slide deck and call transcripts for color on reserve trends, capital allocation and guidance. Slide Deck Earnings Transcript
• Negative Sentiment: Underlying (ex‑cat) growth was modest — adjusted EBITDA excluding reportable catastrophes rose only ~3% in Q4, which may signal slower core momentum after stripping out favorable catastrophe effects. BusinessWire Metrics
• Negative Sentiment: Market reaction and trading — despite the beat, the stock is down with volume well above average, suggesting profit‑taking or repositioning; some headlines note the stock dipped on the print. Investing.com Market Note

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AIZ shares. Truist Financial set a $255.00 price objective on Assurant in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Assurant in a research report on Monday, December 29th. UBS Group boosted their price target on Assurant from $255.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Morgan Stanley upped their price objective on Assurant from $232.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Assurant from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.67.

About Assurant

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.