Assurant FY2028 EPS Estimate Increased by Zacks Research

Assurant, Inc. (NYSE:AIZ) – Stock analysts at Zacks Research boosted their FY2028 EPS estimates for shares of Assurant in a note issued to investors on Thursday, March 19th. Zacks Research analyst Team now expects that the financial services provider will earn $24.49 per share for the year, up from their prior forecast of $24.21. The consensus estimate for Assurant’s current full-year earnings is $16.88 per share.

AIZ has been the topic of a number of other reports. Piper Sandler boosted their target price on shares of Assurant from $252.00 to $264.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Truist Financial boosted their price objective on shares of Assurant from $265.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. BMO Capital Markets cut their target price on shares of Assurant from $255.00 to $246.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Wall Street Zen cut Assurant from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Assurant in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Assurant presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.17.

Assurant Stock Down 0.2%

NYSE:AIZ opened at $211.63 on Friday. Assurant has a twelve month low of $174.97 and a twelve month high of $246.31. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 12.47 and a beta of 0.58. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $228.80 and its two-hundred day moving average price is $224.38.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, February 10th. The financial services provider reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.06. Assurant had a return on equity of 18.65% and a net margin of 6.81%.The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the business earned $4.79 earnings per share. Assurant’s quarterly revenue was up 7.9% on a year-over-year basis.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Tuesday, February 17th will be paid a $0.88 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $3.52 dividend on an annualized basis and a yield of 1.7%. Assurant’s dividend payout ratio is 20.74%.

Institutional Investors Weigh In On Assurant

Several hedge funds have recently bought and sold shares of AIZ. Rockefeller Capital Management L.P. grew its position in shares of Assurant by 48,079.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 101,658 shares of the financial services provider’s stock valued at $24,485,000 after purchasing an additional 101,447 shares during the last quarter. World Investment Advisors lifted its holdings in Assurant by 21.2% during the 4th quarter. World Investment Advisors now owns 1,644 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 288 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Assurant by 13.5% in the 4th quarter. Hsbc Holdings PLC now owns 79,491 shares of the financial services provider’s stock valued at $19,184,000 after purchasing an additional 9,433 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Assurant by 366.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 252 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 198 shares during the period. Finally, DGS Capital Management LLC acquired a new position in Assurant in the 4th quarter valued at $341,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Assurant Company Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.