Analysts Set Expectations for Assurant FY2027 Earnings

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

Assurant (NYSE:AIZ - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%.

A number of other equities analysts have also issued reports on AIZ. Keefe, Bruyette & Woods upgraded shares of Assurant from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $212.00 to $230.00 in a research report on Thursday, February 20th. StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Truist Financial increased their price objective on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley started coverage on Assurant in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $251.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $234.17.

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Assurant Price Performance

NYSE:AIZ traded up $2.59 during mid-day trading on Thursday, reaching $209.43. 358,911 shares of the company were exchanged, compared to its average volume of 348,036. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10.64 billion, a PE ratio of 14.47 and a beta of 0.61. Assurant has a 12 month low of $160.12 and a 12 month high of $230.55. The company has a fifty day moving average of $208.84 and a 200 day moving average of $206.83.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant's payout ratio is 22.11%.

Insider Transactions at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the sale, the executive vice president now directly owns 17,708 shares in the company, valued at $3,568,162. This trade represents a 14.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIZ. Public Sector Pension Investment Board boosted its position in shares of Assurant by 2.3% during the third quarter. Public Sector Pension Investment Board now owns 9,021 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 200 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Assurant by 1.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,773 shares of the financial services provider's stock worth $1,657,000 after acquiring an additional 100 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Assurant by 4.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,880 shares of the financial services provider's stock worth $31,794,000 after acquiring an additional 6,756 shares in the last quarter. Blue Trust Inc. grew its stake in Assurant by 28.6% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the financial services provider's stock valued at $168,000 after acquiring an additional 188 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Assurant by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider's stock worth $34,079,000 after acquiring an additional 24,887 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

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.