Harvest Fund Management Co. Ltd Has $66,000 Position in Assurant, Inc. (NYSE:AIZ)

Harvest Fund Management Co. Ltd lifted its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 119.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390 shares of the financial services provider’s stock after purchasing an additional 212 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Assurant were worth $66,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB raised its position 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 purchasing an additional 13,395 shares during the period. Naples Money Management LLC acquired a new stake in shares of Assurant during the fourth quarter worth about $1,988,000. Tectonic Advisors LLC raised its position in shares of Assurant by 4.0% during the fourth 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 period. Northern Trust Corp raised its position in shares of Assurant by 1.6% during the third 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, Edmp Inc. grew its holdings in shares of Assurant by 1.9% during the fourth quarter. Edmp Inc. now owns 6,075 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AIZ. UBS Group increased their price objective on Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods downgraded Assurant from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $170.00 to $182.00 in a report on Monday, February 12th. Finally, Piper Sandler increased their price objective on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.20.

Assurant Stock Down 1.9 %

AIZ stock opened at $173.62 on Friday. 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 has a 50 day moving average price of $178.84 and a two-hundred day moving average price of $168.78. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 2.24 and a beta of 0.50. Assurant, Inc. has a twelve month low of $115.77 and a twelve month high of $189.48.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.78 billion. Assurant had a return on equity of 18.36% and a net margin of 5.77%. Analysts anticipate 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.