William Blair Has Negative Estimate for Assurant Q1 Earnings

Assurant, Inc. (NYSE:AIZ - Free Report) - Equities research analysts at William Blair lowered their Q1 2025 earnings per share (EPS) estimates for Assurant in a research note issued to investors on Thursday, November 7th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings of $4.74 per share for the quarter, down from their prior forecast of $4.82. The consensus estimate for Assurant's current full-year earnings is $14.13 per share. William Blair also issued estimates for Assurant's FY2025 earnings at $17.45 EPS, Q2 2026 earnings at $4.71 EPS and FY2026 earnings at $18.80 EPS.

Several other brokerages also recently commented on AIZ. Bank of America upped their target price on Assurant from $228.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of Assurant from $186.00 to $194.00 and gave the stock a "market perform" rating in a report on Wednesday, August 14th. Truist Financial lifted their target price on shares of Assurant from $220.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com downgraded shares of Assurant from a "buy" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Piper Sandler lifted their price objective on shares of Assurant from $200.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $221.60.

Assurant Price Performance

Shares of NYSE:AIZ traded up $3.61 on Friday, reaching $209.45. 303,637 shares of the company traded hands, compared to its average volume of 345,423. The stock has a market capitalization of $10.85 billion, a PE ratio of 14.94, a P/E/G ratio of 2.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40. The company's 50 day moving average is $195.18 and its 200-day moving average is $181.36. Assurant has a fifty-two week low of $158.68 and a fifty-two week high of $209.73.

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 (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.48. The company had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $2.94 billion. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The business's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.29 EPS.

Assurant Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.88 annualized dividend and a dividend yield of 1.38%. Assurant's dividend payout ratio is 20.54%.

Insider Activity at Assurant

In related news, EVP Martin Jenns sold 1,500 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the completion of the sale, the executive vice president now owns 4,027 shares of the company's stock, valued at approximately $717,329.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction of $103,642.00. Following the transaction, the chief accounting officer now directly owns 3,152 shares in the company, valued at $593,962.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Martin Jenns sold 1,500 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the sale, the executive vice president now owns 4,027 shares of the company's stock, valued at approximately $717,329.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On Assurant

A number of large investors have recently added to or reduced their stakes in AIZ. Pathstone Holdings LLC lifted its stake in shares of Assurant by 0.5% in the third quarter. Pathstone Holdings LLC now owns 10,087 shares of the financial services provider's stock worth $2,006,000 after buying an additional 52 shares during the last quarter. US Bancorp DE raised its holdings in Assurant by 7.2% in the 3rd quarter. US Bancorp DE now owns 829 shares of the financial services provider's stock worth $165,000 after acquiring an additional 56 shares during the period. Catalyst Financial Partners LLC lifted its position in Assurant by 4.2% during the 2nd quarter. Catalyst Financial Partners LLC now owns 1,466 shares of the financial services provider's stock worth $244,000 after acquiring an additional 59 shares during the last quarter. Empirical Finance LLC boosted its holdings in Assurant by 3.3% during the first quarter. Empirical Finance LLC now owns 1,980 shares of the financial services provider's stock valued at $373,000 after acquiring an additional 64 shares during the period. Finally, Richardson Financial Services Inc. grew its position in shares of Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 92.65% of the company's stock.

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.