BNY Mellon Discloses 2.65M Share Stake in Assurant
Ticker: AIZN · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1267238
| Field | Detail |
|---|---|
| Company | Assurant, INC. (AIZN) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BNY Mellon just revealed a 2.65M share stake in Assurant, signaling institutional confidence.**
AI Summary
The Bank of New York Mellon Corporation reported beneficial ownership of 2,650,566 shares of Assurant, Inc. Common Stock as of December 31, 2023. This filing, an SC 13G, indicates that BNY Mellon holds these shares in the ordinary course of business and not with the intent to change or influence control of Assurant. For investors, this means a major financial institution has a significant, but passive, stake in Assurant, potentially signaling confidence in the company's long-term stability without suggesting any immediate strategic shifts.
Why It Matters
This filing shows a large institutional investor, Bank of New York Mellon, holds a substantial position in Assurant, which can be seen as a vote of confidence in the company's value.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of passive ownership by a large institution, indicating no immediate risks or significant changes to the company's control.
Analyst Insight
Investors should note the significant institutional ownership by BNY Mellon as a sign of stability, but recognize this is a passive stake, so it's unlikely to drive immediate stock price movements or strategic changes for Assurant.
Key Numbers
- 2,650,566 — Shares Beneficially Owned (Represents the sole voting power held by The Bank of New York Mellon Corporation in Assurant, Inc.)
Key Players & Entities
- Assurant, Inc. (company) — the issuer of the securities
- The Bank of New York Mellon Corporation (company) — the reporting person beneficially owning shares
- 2,650,566 (dollar_amount) — number of shares with sole voting power
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- The Bank of New York Mellon Corporation will maintain a passive investment in Assurant, Inc. without seeking to influence control. (The Bank of New York Mellon Corporation) — high confidence, target: Next 12-24 months
FAQ
What is the CUSIP number for Assurant, Inc. Common Stock mentioned in this filing?
The CUSIP number for Assurant, Inc. Common Stock is 04621X108, as stated in the filing.
Which entity filed this SC 13G statement?
The Bank of New York Mellon Corporation filed this SC 13G statement, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bank of New York Mellon Corp'.
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, according to the filing.
How many shares of Assurant, Inc. Common Stock does The Bank of New York Mellon Corporation report having sole voting power over?
The Bank of New York Mellon Corporation reports having sole voting power over 2,650,566 shares of Assurant, Inc. Common Stock, as detailed in 'Number of Shares (5) Sole Voting Power'.
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 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 regarding ASSURANT, INC. (AIZN).