BlackRock Updates Passive Stake in Assurant (AI) Common Stock
Ticker: AIZN · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1267238
| Field | Detail |
|---|---|
| Company | Assurant, INC. (AIZN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in Assurant, nothing major changed.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating its ownership of Assurant, Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, updates previous disclosures about BlackRock's passive investment in Assurant. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in market sentiment or investment strategy towards Assurant.
Why It Matters
This filing shows BlackRock's continued, albeit passive, investment in Assurant, providing transparency into significant institutional ownership. It's a routine update, but large institutional holdings can influence stock stability and liquidity.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a passive stake, and does not suggest any immediate risk.
Analyst Insight
Investors should note BlackRock's continued passive stake in Assurant, but this routine update doesn't provide new actionable insights beyond confirming institutional interest. No immediate action is suggested by this filing alone.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Assurant, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- 04621X108 (other) — the CUSIP number for Assurant, Inc. Common Stock
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, specifically Amendment No. 3. An SC 13G/A is an amendment to a Schedule 13G, which is used by passive institutional investors to report beneficial ownership of 5% or more of a company's stock. The 'A' signifies it's an amendment to a previously filed statement.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major asset management firm based out of 50 Hudson Yards, New York, NY.
What is the subject company whose shares are being reported?
The subject company is Assurant, Inc., an insurance carrier with its business address at 260 Interstate North Circle S.E., Atlanta, GA.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the ownership position as of the end of the last fiscal year.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is typically used by institutional investors (like BlackRock) who acquire beneficial ownership in the ordinary course of business and not with the purpose or effect of changing or influencing control of the issuer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ASSURANT, INC. (AIZN).