Assurant, Inc. (NYSE:AIZ) Shares Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC grew its stake in Assurant, Inc. (NYSE:AIZ) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,321 shares of the financial services provider’s stock after purchasing an additional 213 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Assurant were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Public Sector Pension Investment Board boosted its holdings in Assurant by 2.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 9,021 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 200 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Assurant by 4.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,880 shares of the financial services provider’s stock worth $31,794,000 after acquiring an additional 6,756 shares during the last quarter. Blue Trust Inc. increased its position in shares of Assurant by 28.6% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 188 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Assurant by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider’s stock valued at $34,079,000 after purchasing an additional 24,887 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in Assurant in the 4th quarter valued at $329,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Biju Nair sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the transaction, the executive vice president now directly owns 17,708 shares in the company, valued at $3,568,162. This trade represents a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Assurant Stock Up 1.8 %

Shares of NYSE AIZ opened at $204.94 on Friday. The company has a market capitalization of $10.41 billion, a P/E ratio of 14.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50 day simple moving average of $208.63 and a 200-day simple moving average of $205.51. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55.

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

Assurant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given 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 1.56%. Assurant’s payout ratio is currently 22.11%.

Analyst Ratings Changes

AIZ has been the subject of a number of research reports. Truist Financial upped 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. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Assurant from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $212.00 to $230.00 in a report on Thursday, February 20th. Finally, Morgan Stanley assumed coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price target for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $234.17.

Assurant 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.