Nisa Investment Advisors LLC Purchases 305 Shares of Assurant, Inc. (NYSE:AIZ)

Nisa Investment Advisors LLC grew its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,531 shares of the financial services provider’s stock after buying an additional 305 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Assurant were worth $6,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of Assurant during the third quarter worth approximately $25,000. Huntington National Bank lifted its holdings in Assurant by 509.4% during the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after buying an additional 163 shares during the period. Brooklyn Investment Group bought a new stake in Assurant during the third quarter valued at about $42,000. Capital Performance Advisors LLP bought a new stake in shares of Assurant in the 3rd quarter valued at about $56,000. Finally, Intact Investment Management Inc. acquired a new stake in Assurant in the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

AIZ has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Truist Financial lifted their target price on Assurant from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on shares of Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley initiated coverage on shares of Assurant in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $229.50.

Insider Activity

In other news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $209.18, for a total value of $627,540.00. Following the sale, the executive vice president now owns 20,658 shares in the company, valued at $4,321,240.44. This trade represents a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

Assurant Stock Performance

AIZ opened at $211.09 on Friday. The stock has a market cap of $10.83 billion, a P/E ratio of 15.06 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a fifty day moving average price of $215.33 and a 200 day moving average price of $198.19. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.48. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $4.29 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Assurant, Inc. will post 15.38 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, February 3rd. Assurant’s payout ratio is currently 22.82%.

Assurant Company 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.