Analysts Set Expectations for Assurant FY2027 Earnings

Assurant, Inc. (NYSE:AIZ) – Investment analysts at Zacks Research decreased their FY2027 EPS estimates for Assurant in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst T. De now forecasts that the financial services provider will earn $19.33 per share for the year, down from their prior estimate of $19.36. The consensus estimate for Assurant’s current full-year earnings is $16.88 per share.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%.

AIZ has been the subject of a number of other reports. Morgan Stanley initiated coverage on shares of Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price objective for the company. Keefe, Bruyette & Woods upgraded shares of Assurant from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $212.00 to $230.00 in a report on Thursday, February 20th. Truist Financial upped their price target on shares of Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.17.

Assurant Trading Down 0.8 %

Shares of NYSE:AIZ opened at $211.91 on Thursday. The stock has a market capitalization of $10.76 billion, a PE ratio of 14.64 and a beta of 0.61. Assurant has a 1 year low of $160.12 and a 1 year high of $230.55. The firm has a fifty day moving average price of $208.49 and a 200 day moving average price of $206.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Assurant

Several hedge funds have recently made changes to their positions in AIZ. True Wealth Design LLC bought a new stake in shares of Assurant in the third quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Assurant in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC raised its position in Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Jones Financial Companies Lllp raised its position in Assurant by 219.1% in the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 103 shares in the last quarter. Finally, Huntington National Bank raised its position in Assurant by 509.4% in the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Insider Activity at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the sale, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Assurant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, February 3rd. Assurant’s dividend payout ratio (DPR) is 22.11%.

About Assurant

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.