California Public Employees Retirement System Has $59.09 Million Holdings in Assurant, Inc. (NYSE:AIZ)

California Public Employees Retirement System trimmed its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,681 shares of the financial services provider’s stock after selling 8,200 shares during the quarter. California Public Employees Retirement System owned about 0.67% of Assurant worth $59,086,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC raised its stake in Assurant by 6.8% in the fourth quarter. CWM LLC now owns 976 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 62 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Assurant by 4.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,999 shares of the financial services provider’s stock valued at $842,000 after buying an additional 206 shares in the last quarter. abrdn plc lifted its holdings in shares of Assurant by 119.8% during the 4th quarter. abrdn plc now owns 11,002 shares of the financial services provider’s stock worth $1,854,000 after acquiring an additional 5,997 shares during the period. Naples Money Management LLC acquired a new stake in shares of Assurant during the 4th quarter worth approximately $1,988,000. Finally, Daiwa Securities Group Inc. increased its stake in Assurant by 14.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,061 shares of the financial services provider’s stock valued at $853,000 after acquiring an additional 627 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AIZ shares. Piper Sandler upped their target price on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods lowered Assurant from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $170.00 to $182.00 in a research note on Monday, February 12th. Finally, UBS Group boosted their target price on Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Assurant presently has an average rating of “Moderate Buy” and an average price target of $192.20.

Assurant Trading Down 1.9 %

NYSE AIZ opened at $173.62 on Friday. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.23 and a beta of 0.50. Assurant, Inc. has a twelve month low of $115.77 and a twelve month high of $189.48. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $178.84 and its 200 day moving average is $168.78.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.78 billion. Assurant had a return on equity of 18.36% and a net margin of 5.77%. As a group, sell-side analysts expect that Assurant, Inc. will post 15.67 EPS for the current fiscal 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.