Calamos Advisors LLC Sells 694 Shares of Assurant, Inc. (NYSE:AIZ)

Calamos Advisors LLC lowered its holdings in Assurant, Inc. (NYSE:AIZ) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,878 shares of the financial services provider’s stock after selling 694 shares during the quarter. Calamos Advisors LLC owned approximately 0.21% of Assurant worth $18,850,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Great West Life Assurance Co. Can raised its holdings in shares of Assurant by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,947 shares of the financial services provider’s stock valued at $3,985,000 after purchasing an additional 64 shares in the last quarter. Advisor Partners II LLC grew its position in shares of Assurant by 3.5% in the 3rd quarter. Advisor Partners II LLC now owns 2,022 shares of the financial services provider’s stock worth $290,000 after buying an additional 69 shares during the last quarter. Arizona State Retirement System grew its position in shares of Assurant by 0.5% in the 4th quarter. Arizona State Retirement System now owns 14,573 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 73 shares during the last quarter. Tectonic Advisors LLC grew its position in shares of Assurant by 4.0% in the 4th quarter. Tectonic Advisors LLC now owns 2,197 shares of the financial services provider’s stock worth $370,000 after buying an additional 85 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Assurant by 104.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

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

Assurant Stock Performance

NYSE:AIZ traded up $1.84 during trading hours on Friday, hitting $172.73. 19,987 shares of the company were exchanged, compared to its average volume of 352,139. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.15 and a beta of 0.50. Assurant, Inc. has a 52-week low of $115.43 and a 52-week high of $189.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The company’s 50 day moving average price is $178.57 and its 200-day moving average price is $167.73.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, beating the consensus estimate of $3.70 by $0.88. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.78 billion. Assurant had a net margin of 5.77% and a return on equity of 18.36%. As a group, research analysts forecast that Assurant, Inc. will post 15.67 earnings per share for the current 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.