Assurant (AIZ) to Release Earnings on Tuesday

Assurant (NYSE:AIZ - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $3.96 per share and revenue of $3.08 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.48. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $4.29 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts expect Assurant to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Assurant Stock Performance

AIZ traded down $0.18 during trading on Thursday, reaching $214.64. 387,501 shares of the company's stock were exchanged, compared to its average volume of 361,900. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. Assurant has a 1 year low of $160.12 and a 1 year high of $230.55. The company's fifty day simple moving average is $213.86 and its 200-day simple moving average is $201.02. The stock has a market capitalization of $11.01 billion, a P/E ratio of 15.31 and a beta of 0.62.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.49%. Assurant's dividend payout ratio (DPR) is presently 22.82%.

Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction on Friday, November 8th. The stock was sold at an average price of $209.18, for a total value of $627,540.00. Following the sale, the executive vice president now owns 20,658 shares in the company, valued at $4,321,240.44. The trade was a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AIZ. Bank of America lifted their price objective on Assurant from $228.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Truist Financial increased their price objective on Assurant from $220.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on shares of Assurant from $194.00 to $212.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Assurant from a "hold" rating to a "buy" rating in a research note on Monday, January 27th. Finally, Morgan Stanley started coverage on shares of Assurant in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $251.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $229.50.

Assurant Company Profile

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.