Zacks Research Issues Positive Outlook for Assurant Earnings

Assurant, Inc. (NYSE:AIZ) – Analysts at Zacks Research upped their Q2 2027 EPS estimates for Assurant in a report issued on Tuesday, August 18th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $5.77 for the quarter, up from their prior estimate of $5.67. The consensus estimate for Assurant’s current full-year earnings is $21.61 per share. Zacks Research also issued estimates for Assurant’s Q3 2027 earnings at $5.65 EPS, Q1 2028 earnings at $6.37 EPS and Q2 2028 earnings at $5.77 EPS.

AIZ has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada set a $310.00 price target on shares of Assurant in a research report on Wednesday, June 17th. Truist Financial raised their price target on shares of Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Piper Sandler lifted their price objective on shares of Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $316.57.

Assurant Trading Down 0.4%

Shares of NYSE AIZ opened at $280.07 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $13.81 billion, a P/E ratio of 13.38 and a beta of 0.55. Assurant has a 1-year low of $205.01 and a 1-year high of $303.94. The business has a fifty day moving average price of $274.98 and a 200 day moving average price of $246.87.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.41 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $1.24. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm posted $5.56 earnings per share. Assurant’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, August 31st will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 31st. Assurant’s payout ratio is 16.81%.

Insider Activity at Assurant

In related news, CAO Dimitry Dirienzo sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $255.68, for a total transaction of $511,360.00. Following the transaction, the chief accounting officer directly owned 2,741 shares of the company’s stock, valued at $700,818.88. This represents a 42.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Lonergan sold 7,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $262.71, for a total value of $1,838,970.00. Following the completion of the sale, the executive vice president owned 27,374 shares of the company’s stock, valued at approximately $7,191,423.54. This trade represents a 20.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,931 shares of company stock valued at $3,539,300 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of Assurant by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 5,040,347 shares of the financial services provider’s stock worth $1,213,968,000 after buying an additional 29,974 shares during the period. BlackRock Inc. purchased a new position in Assurant in the 2nd quarter worth $1,345,211,000. Dimensional Fund Advisors LP raised its stake in Assurant by 22.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,125,406 shares of the financial services provider’s stock worth $245,121,000 after acquiring an additional 205,767 shares during the last quarter. Bank of America Corp DE acquired a new stake in Assurant during the 2nd quarter worth about $269,635,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Assurant by 7.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 697,555 shares of the financial services provider’s stock worth $168,006,000 after acquiring an additional 49,698 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

About Assurant

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.