Savant Capital LLC Has $507,000 Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Savant Capital LLC lifted its position in Assurant, Inc. (NYSE:AIZ) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,009 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Savant Capital LLC’s holdings in Assurant were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Assurant by 8.0% during the fourth quarter. Nordea Investment Management AB now owns 181,885 shares of the financial services provider’s stock worth $30,586,000 after buying an additional 13,395 shares during the last quarter. Naples Money Management LLC bought a new stake in Assurant in the 4th quarter valued at $1,988,000. Tectonic Advisors LLC grew its position in 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 purchasing an additional 85 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Assurant by 1.6% during the 3rd quarter. Northern Trust Corp now owns 597,419 shares of the financial services provider’s stock worth $85,777,000 after purchasing an additional 9,167 shares during the period. Finally, abrdn plc raised its position in shares of Assurant by 119.8% during the fourth quarter. abrdn plc now owns 11,002 shares of the financial services provider’s stock valued at $1,854,000 after buying an additional 5,997 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AIZ has been the topic of several research reports. Piper Sandler boosted their price target on Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. UBS Group upped their target price on Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods downgraded shares of Assurant from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $170.00 to $182.00 in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Assurant currently has a consensus rating of “Moderate Buy” and an average target price of $199.25.

Assurant Trading Up 0.8 %

Shares of AIZ opened at $176.08 on Monday. The stock has a 50 day simple moving average of $178.76 and a 200-day simple moving average of $170.16. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.15 billion, a PE ratio of 14.70, a PEG ratio of 2.23 and a beta of 0.53. Assurant, Inc. has a 1 year low of $118.45 and a 1 year high of $189.48.

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

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.