Millennium Management 13F: Cuts Assurant (AIZ) Stake by $17M

Millennium Management has reduced its holdings in Assurant, Inc. (NYSE: AIZ) by 19.4%, according to its latest filing with the SEC. The fund cut its position by 62,675 shares, leaving it with 259,560 shares valued at approximately $68.5 million as of the reporting period.

What Changed in Millennium Management's Assurant Position

Millennium Management trimmed its stake in Assurant from 322,235 shares to 259,560 shares, a decrease of 19.4%. The shares are now valued at about $68.5 million. This reduction was disclosed in the firm's most recent 13F filing with the SEC, reflecting the fund's holdings as of the end of the reporting period.

Other Institutional Activity in Assurant

Several other institutional investors also made changes to their Assurant holdings. Bank of New York Mellon Corp reduced its position by 223,396 shares, ending with 4,816,951 shares valued at approximately $1.05 billion, a 4.4% decrease. BlackRock, Inc. cut its stake by 29,814 shares to 3,945,876 shares, valued at about $859.5 million, a 0.7% decrease. T. Rowe Price Investment Management, Inc. reduced its holdings by 349,815 shares, leaving it with 3,272,043 shares worth around $712.7 million, a 9.7% decrease. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 3,243,504 and 3,008,137 shares respectively, valued at $706.5 million and $655.2 million.

Assurant, Inc. Stock Down 4.8%

Shares of NYSE:AIZ traded near $264.01 on Wednesday. Assurant, Inc. has a market capitalization of $12.96 billion and a P/E ratio of 13.4. The company's stock has a beta of 0.569, indicating lower volatility compared to the market. It has a 52-week range between $183.39 and $265.66, with a 50-day moving average of $243.06 and a 200-day moving average of $228.48.

Recent Earnings

Assurant reported revenue of $13.16 billion, with a growth rate of 11.3%. The company's net margin stands at 7.6%, and it has a return on equity of 18%. Earnings per share were $19.52. The next earnings report is expected on August 4, 2026.

Dividend

Assurant pays an annual dividend rate of $3.52, yielding 1.35%. The dividend payout ratio is 17.22%, suggesting a conservative approach to profit distribution.

Insider Buying and Selling at Assurant, Inc.

Recent insider transactions at Assurant include sales by Robert Lonergan, EVP and CSTO, who sold 7,000 shares at an average price of $262.71 on June 22, 2026, under a Rule 10b5-1 plan. Dimitry Dirienzo, SVP, CAO, and Controller, sold 2,000 shares at $255.68 on May 26, 2026. On the buy side, several insiders, including Lynn Blake, Elaine Rosen, Rajiv Basu, and Paul Reilly, each acquired 668 shares on May 22, 2026.

Analysts Set New Price Targets

On June 17, 2026, Truist Securities maintained a buy rating on Assurant with a price target of $310. Piper Sandler also maintained a buy rating with a $290 target on May 26, 2026. Morgan Stanley upgraded the stock to a buy with a $285 target on May 14, 2026. The consensus among analysts is a strong buy, with a mean price target of $283.83 based on 6 analyst opinions.

About Assurant, Inc.

Assurant, Inc. is a financial services company that provides protection services for connected devices, homes, and automobiles across North America, Latin America, Europe, and the Asia Pacific. It operates through its Global Lifestyle and Global Housing segments, offering mobile device solutions, extended service contracts, and various insurance products. Headquartered in Atlanta, Georgia, Assurant is led by CEO Keith Warner Demmings and employs approximately 14,800 people.

Bottom Line

Millennium Management's decision to reduce its stake in Assurant, Inc. by nearly 20% is a notable move in the insurance sector. While the firm's latest 13F filing offers a backward-looking view, it provides insight into institutional sentiment. Assurant remains a strong buy among analysts, with favorable price targets reflecting confidence in its market position.