Calamos Advisors LLC Has $22.82 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Calamos Advisors LLC increased its position in shares of Assurant, Inc. (NYSE:AIZ) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 107,044 shares of the financial services provider’s stock after purchasing an additional 296 shares during the quarter. Calamos Advisors LLC’s holdings in Assurant were worth $22,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. 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 valued at $1,794,000 after purchasing an additional 200 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Assurant by 4.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,880 shares of the financial services provider’s stock valued at $31,794,000 after buying an additional 6,756 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Assurant by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider’s stock worth $34,079,000 after acquiring an additional 24,887 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Assurant in the fourth quarter valued at about $254,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Assurant by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 72,260 shares of the financial services provider’s stock valued at $14,370,000 after purchasing an additional 4,317 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant Trading Down 1.0 %

NYSE:AIZ opened at $212.94 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 15.19 and a beta of 0.62. The business has a fifty day moving average price of $214.72 and a 200-day moving average price of $200.33.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.48. Assurant had a return on equity of 17.42% and a net margin of 6.31%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $4.29 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that Assurant, Inc. will post 15.82 EPS for the current year.

Assurant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, February 3rd. Assurant’s dividend payout ratio is currently 22.82%.

Insider Transactions at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $209.18, for a total transaction of $627,540.00. Following the completion of the sale, the executive vice president now owns 20,658 shares in the company, valued at approximately $4,321,240.44. This represents a 12.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Bank of America lifted their target price on Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com upgraded Assurant from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Truist Financial raised their target price on Assurant from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley initiated coverage on Assurant in a report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price target on Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

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.