Wed Sep 25 09:05:31 UTC 2024: ## Ensign Peak Advisors Reduces Stake in Assurant, While Other Investors Show Interest
**New York, NY** – Ensign Peak Advisors Inc. trimmed its holding in Assurant, Inc. (NYSE:AIZ) by 10.3% in the second quarter, according to a recent SEC filing. The firm now owns 47,241 shares, worth approximately $7,854,000.
While Ensign Peak reduced its stake, other investors demonstrated interest in Assurant during the quarter. Innealta Capital LLC acquired a new position valued at $31,000, while Richardson Financial Services Inc. increased its holding by 62.1%. Assetmark Inc. and Quarry LP also acquired new stakes during the fourth quarter.
Assurant’s stock has seen varied analyst ratings. Piper Sandler downgraded the stock to “neutral” from “overweight,” while UBS Group maintained a “buy” rating and raised its price target. Bank of America and Keefe, Bruyette & Woods also issued price target changes. Overall, the stock holds a “Moderate Buy” consensus rating with a target price of $209.00.
Assurant’s recent earnings beat analysts’ expectations, reporting $4.08 earnings per share for the quarter, exceeding the projected $3.58. Revenue also surpassed expectations at $2.92 billion.
In insider transactions, EVP Martin Jenns and CAO Dimitry Dirienzo sold shares of the company in August.
Assurant, a provider of financial services, operates through two segments: Global Lifestyle and Global Housing. The company has a market capitalization of $10.26 billion and a dividend yield of 1.46%.
First Piper 