Assurant (AIZ) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $219.00 to $222.67
• 50-Day Range: $186.60 to $221.60
• 52-Week Range: $160.12 to $222.67
• Volume: 486,399 shs
• Average Volume: 350,648 shs
• Market Capitalization: $11.33 billion
• P/E Ratio: 15.75
• Dividend Yield: 1.30%
• Price Target: $225.20
• Consensus Rating: Moderate Buy

Assurant Stock Analysis - MarketRank™

Assurant scored higher than 99% of companies evaluated by MarketBeat, and ranked 9th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Assurant has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Assurant has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 18.01%

Earnings Growth

Earnings for Assurant are expected to grow by 18.01% in the coming year, from $15.05 to $17.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Assurant is 15.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Assurant is 15.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Earnings Growth Ratio

Assurant has a PEG Ratio of 2.18. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Assurant has a P/B Ratio of 2.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.37% 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 2.1, 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 7.73%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Assurant pays a meaningful dividend of 1.30%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Assurant has been increasing its dividend for 20 years.

Dividend Coverage

The dividend payout ratio of Assurant is 20.54%. 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 16.22% next year. This indicates that Assurant will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.72

Percentage of Shares Shorted

1.37% 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 2.1, 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 7.73%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.31

News Sentiment

Assurant has a news sentiment score of 1.31. 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 is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Assurant this week, compared to 8 articles on an average week.

Search Interest

4 people have searched for AIZ on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

2 people have added Assurant to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

AIZ Stock Analysis - Frequently Asked Questions

How have AIZ shares performed this year?

Assurant's stock was trading at $168.49 at the beginning of the year. Since then, AIZ stock has increased by 31.1% and is now trading at $220.85.
View the best growth stocks for 2024 here.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) issued its quarterly earnings results on Tuesday, November, 5th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.48. Assurant's revenue was up 7.0% on a year-over-year basis.
Read the conference call transcript.

How will Assurant's stock buyback program work?

Assurant's Board of Directors approved a stock repurchase plan on Thursday, November 9th 2023, which allows the company to repurchase $600,000,000 in shares, according to EventVestor. This means that the company could buy up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Who are Assurant's major shareholders?

Assurant's top institutional shareholders 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.

How do I buy shares of Assurant?

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.

What other stocks do shareholders of Assurant own?

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
• Today: 11/20/2024
• Ex-Dividend for 12/30 Dividend: 12/09/2024
• Dividend Payable: 12/30/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Insurance carriers, not elsewhere classified
• Sub-Industry: Multi-line Insurance
• Current Symbol: NYSE:AIZ
• CUSIP: 04621X10
• CIK: 1267238
• Web: www.assurant.com
• Phone: (770) 763-1000
• Fax: 212-859-5893
• Employees: 13,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $225.20
• High Stock Price Target: $240.00
• Low Stock Price Target: $212.00
• Potential Upside/Downside: +2.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $14.02
• Trailing P/E Ratio: 15.75
• Forward P/E Ratio: 14.67
• P/E Growth: 2.18
• Net Income: $642.50 million
• Net Margins: 6.31%
• Pretax Margin: 7.69%
• Return on Equity: 17.42%
• Return on Assets: 2.56%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 0.42
• Quick Ratio: 0.42

Sales & Book Value

• Annual Sales: $11.76 billion
• Price / Sales: 0.96
• Cash Flow: $19.75 per share
• Price / Cash Flow: 11.18
• Book Value: $91.45 per share
• Price / Book: 2.41

Miscellaneous

• Outstanding Shares: 51,287,000
• Free Float: 51,015,000
• Market Cap: $11.33 billion
• Optionable: Optionable
• Beta: 0.57