State Street Amends Assurant Stake, Signals Continued Passive Investment
Ticker: AIZN · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1267238
| Field | Detail |
|---|---|
| Company | Assurant, INC. (AIZN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns Assurant stock, showing continued institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Assurant Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, investment in Assurant. For investors, this means a large institutional holder maintains its position, which can signal confidence in Assurant's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a significant stake in Assurant Inc., which can be a positive signal of institutional confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in investment strategy.
Analyst Insight
An investor should view this as a routine update from a large institutional holder, confirming their continued, passive investment in Assurant Inc. It doesn't suggest an immediate buy or sell action but reinforces that the stock remains on the radar of major financial players.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Assurant Inc. (company) — the subject company whose common stock is being reported
- 04621X108 (other) — the CUSIP number for Assurant Inc. common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previous beneficial ownership report.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified with IRS Identification No. 04-2456637.
What is the 'Subject Company' or 'Issuer' of the securities?
The 'Subject Company' or 'Issuer' is ASSURANT INC, with the CUSIP number 04621X108 for its common stock.
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.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1(B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding ASSURANT, INC. (AIZN).