Versor Investments LP Has $963,000 Stock Position in Assurant, Inc. $AIZ

Versor Investments LP grew its stake in Assurant, Inc. (NYSE:AIZ) by 153.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the financial services provider’s stock after purchasing an additional 2,423 shares during the period. Versor Investments LP’s holdings in Assurant were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. bought a new stake in shares of Assurant in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake in shares of Assurant by 72.6% in the 3rd quarter. Versant Capital Management Inc now owns 126 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 53 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Assurant in the 2nd quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its stake in shares of Assurant by 65.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 149 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 59 shares during the period. Finally, BOKF NA bought a new stake in shares of Assurant in the 3rd quarter valued at approximately $32,000. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AIZ has been the topic of several analyst reports. UBS Group upped their price objective on Assurant from $270.00 to $274.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings lowered Assurant from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Truist Financial upped their price objective on Assurant from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets lowered their price objective on Assurant from $255.00 to $246.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Finally, Piper Sandler upped their price objective on Assurant from $264.00 to $268.00 and gave the company an “overweight” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.00.

Assurant Stock Down 0.3%

NYSE AIZ opened at $243.47 on Wednesday. The firm has a market cap of $12.10 billion, a PE ratio of 12.45 and a beta of 0.56. Assurant, Inc. has a one year low of $183.39 and a one year high of $247.42. The stock’s 50 day simple moving average is $224.45 and its 200 day simple moving average is $227.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.39 and a quick ratio of 0.39.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.66. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.29 billion. Assurant had a return on equity of 20.32% and a net margin of 7.60%.Assurant’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.79 EPS. As a group, sell-side analysts forecast that Assurant, Inc. will post 20.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Subhashish Sengupta sold 1,880 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $210.53, for a total transaction of $395,796.40. Following the sale, the executive vice president directly owned 2,895 shares in the company, valued at $609,484.35. This represents a 39.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dimitry Dirienzo sold 750 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $210.98, for a total value of $158,235.00. Following the sale, the chief accounting officer owned 4,741 shares in the company, valued at approximately $1,000,256.18. This trade represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,650 shares of company stock worth $558,331. 0.54% of the stock is owned by corporate insiders.

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.