Metis Global Partners LLC Acquires 211 Shares of Assurant, Inc. (NYSE:AIZ)

Metis Global Partners LLC boosted its holdings in Assurant, Inc. (NYSE:AIZ) by 6.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,595 shares of the financial services provider’s stock after purchasing an additional 211 shares during the quarter. Metis Global Partners LLC’s holdings in Assurant were worth $715,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Assurant during the second quarter worth $31,000. Richardson Financial Services Inc. boosted its holdings in shares of Assurant by 62.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Huntington National Bank grew its position in shares of Assurant by 509.4% during the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 163 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Assurant in the second quarter worth about $51,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Assurant in the third quarter worth about $56,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AIZ shares. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Piper Sandler raised their target price on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Bank of America upped their price target on shares of Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. UBS Group lifted their price objective on shares of Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Truist Financial upped their target price on shares of Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Assurant has a consensus rating of “Moderate Buy” and an average target price of $225.20.

Insider Transactions at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the firm’s 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 transaction, the executive vice president now owns 20,658 shares of the company’s stock, valued at $4,321,240.44. This trade represents a 12.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Assurant Stock Up 1.6 %

NYSE AIZ opened at $218.82 on Monday. Assurant, Inc. has a 52 week low of $159.32 and a 52 week high of $219.05. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.18 and a beta of 0.57. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $197.03 and a two-hundred day moving average of $182.78.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.48. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.29 EPS. On average, analysts predict that Assurant, Inc. will post 15.05 earnings per share for the current year.

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.