abrdn plc Has $5.25 Million Holdings in Assurant, Inc. (NYSE:AIZ)

abrdn plc decreased its holdings in Assurant, Inc. (NYSE:AIZ) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,629 shares of the financial services provider’s stock after selling 4,353 shares during the quarter. abrdn plc’s holdings in Assurant were worth $5,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. True Wealth Design LLC bought a new stake in shares of Assurant in the 3rd quarter valued at about $25,000. Huntington National Bank increased its position in Assurant by 509.4% during the 3rd 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 during the period. Brooklyn Investment Group bought a new position in Assurant during the 3rd quarter worth approximately $42,000. Capital Performance Advisors LLP bought a new position in Assurant during the 3rd quarter worth approximately $56,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Assurant by 42.8% in the 4th quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 86 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Assurant Price Performance

Shares of NYSE:AIZ opened at $215.22 on Monday. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55. The stock’s 50 day moving average is $213.38 and its 200-day moving average is $201.63. 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 firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 15.35 and a beta of 0.62.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, February 3rd. Assurant’s dividend payout ratio (DPR) is 22.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AIZ shares. Morgan Stanley began coverage on shares of Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price on the stock. StockNews.com raised Assurant from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Truist Financial upped their target price on Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lifted their target price on Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $229.50.

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.