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NYSE:AIZ

Assurant (AIZ) Stock Price, News & Analysis

Assurant logo
$212.27 +3.83 (+1.84%)
(As of 12/20/2024 05:40 PM ET)

About Assurant Stock (NYSE:AIZ)

Key Stats

Today's Range
$207.78
$212.79
50-Day Range
$191.19
$228.62
52-Week Range
$160.12
$230.55
Volume
923,286 shs
Average Volume
353,914 shs
Market Capitalization
$10.89 billion
P/E Ratio
15.14
Dividend Yield
1.51%
Price Target
$229.50
Consensus Rating
Moderate Buy

Company Overview

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. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.

Assurant Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

AIZ MarketRank™: 

Assurant scored higher than 98% of companies evaluated by MarketBeat, and ranked 23rd out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Assurant has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Assurant has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Assurant's stock forecast and price target.
  • Earnings Growth

    Earnings for Assurant are expected to grow by 16.71% in the coming year, from $15.38 to $17.95 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Assurant is 15.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Assurant is 15.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

  • Price to Book Value per Share Ratio

    Assurant has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.51% of the float of Assurant has been sold short.
  • Short Interest Ratio / Days to Cover

    Assurant has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Assurant has recently decreased by 15.54%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Assurant pays a meaningful dividend of 1.54%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Assurant has been increasing its dividend for 21 years.

  • Dividend Coverage

    The dividend payout ratio of Assurant is 22.82%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Assurant will have a dividend payout ratio of 17.83% next year. This indicates that Assurant will be able to sustain or increase its dividend.

  • Read more about Assurant's dividend.
  • Percentage of Shares Shorted

    1.51% of the float of Assurant has been sold short.
  • Short Interest Ratio / Days to Cover

    Assurant has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Assurant has recently decreased by 15.54%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Assurant has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Assurant this week, compared to 8 articles on an average week.
  • Search Interest

    Only 3 people have searched for AIZ on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Assurant to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Assurant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $627,540.00 in company stock.

  • Percentage Held by Insiders

    Only 0.53% of the stock of Assurant is held by insiders.

  • Percentage Held by Institutions

    92.65% of the stock of Assurant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Assurant's insider trading history.
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AIZ Stock News Headlines

Assurant (AIZ) Gets a Hold from Piper Sandler
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Assurant - Needs To Take A Breather
See More Headlines

AIZ Stock Analysis - Frequently Asked Questions

Assurant's stock was trading at $168.49 at the beginning of 2024. Since then, AIZ stock has increased by 26.0% and is now trading at $212.27.
View the best growth stocks for 2024 here
.

Assurant, Inc. (NYSE:AIZ) posted its earnings results on Tuesday, November, 5th. The financial services provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.48. The company's quarterly revenue was up 7.0% compared to the same quarter last year.
Read the conference call transcript
.

Assurant's Board of Directors authorized a stock buyback program on Thursday, November 9th 2023, which authorizes the company to repurchase $600,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Top institutional investors of Assurant include State Street Corp (4.62%), Massachusetts Financial Services Co. MA (2.71%), Geode Capital Management LLC (2.71%) and FMR LLC (2.27%). Insiders that own company stock include Richard S Dziadzio, Michael P Campbell, Biju Nair, Robert Lonergan, Francesca Luthi, Jay Rosenblum, Martin Jenns and Dimitry Dirienzo.
View institutional ownership trends
.

Shares of AIZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Assurant investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Adobe (ADBE) and Exxon Mobil (XOM).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/03/2024
Dividend Payable
9/30/2024
Last Earnings
11/05/2024
Ex-Dividend for 12/30 Dividend
12/09/2024
Today
12/22/2024
Dividend Payable
12/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Insurance carriers, not elsewhere classified
Sub-Industry
Multi-line Insurance
CUSIP
04621X10
Employees
13,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$229.50
High Stock Price Target
$251.00
Low Stock Price Target
$212.00
Potential Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$642.50 million
Pretax Margin
7.69%

Debt

Sales & Book Value

Annual Sales
$11.76 billion
Cash Flow
$19.16 per share
Book Value
$91.45 per share

Miscellaneous

Free Float
51,015,000
Market Cap
$10.89 billion
Optionable
Optionable
Beta
0.61

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This page (NYSE:AIZ) was last updated on 12/22/2024 by MarketBeat.com Staff
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