Vontobel Holding Ltd. Has $212,000 Holdings in Assurant, Inc. (NYSE:AIZ)

Vontobel Holding Ltd. cut its holdings in Assurant, Inc. (NYSE:AIZ) by 58.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 996 shares of the financial services provider’s stock after selling 1,381 shares during the period. Vontobel Holding Ltd.’s holdings in Assurant were worth $212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC bought a new stake in Assurant during the third quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Assurant during the fourth quarter worth about $28,000. Huntington National Bank lifted its position 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 purchasing an additional 163 shares during the period. Brooklyn Investment Group bought a new stake in Assurant during the third quarter worth about $42,000. Finally, Capital Performance Advisors LLP bought a new stake in Assurant during the third quarter worth about $56,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIZ has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of Assurant in a research report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price objective for the company. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Truist Financial increased their target price on shares of Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised shares of Assurant from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $212.00 to $230.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.17.

Insider Activity at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the transaction, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. This trade represents a 14.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

Assurant Stock Down 0.6 %

AIZ stock opened at $199.73 on Friday. The stock has a market capitalization of $10.24 billion, a P/E ratio of 13.80 and a beta of 0.62. The company has a current ratio of 0.64, a quick ratio of 0.42 and a debt-to-equity ratio of 0.41. Assurant, Inc. has a 12 month low of $160.12 and a 12 month high of $230.55. The firm has a 50-day moving average price of $210.44 and a 200-day moving average price of $203.47.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. As a group, equities research analysts anticipate that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 1.60%. Assurant’s dividend payout ratio (DPR) is presently 22.11%.

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.