Zacks Research Has Pessimistic View of Assurant Q2 Earnings

Assurant, Inc. (NYSE:AIZ) – Investment analysts at Zacks Research cut their Q2 2027 earnings per share estimates for Assurant in a research note issued on Thursday, September 17th. Zacks Research analyst Team now expects that the financial services provider will earn $6.08 per share for the quarter, down from their prior estimate of $6.09. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $22.28 per share. Zacks Research also issued estimates for Assurant’s Q3 2027 earnings at $5.76 EPS, Q1 2028 earnings at $6.18 EPS and Q2 2028 earnings at $6.44 EPS.

A number of other analysts have also recently commented on AIZ. Weiss Ratings raised Assurant from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Truist Financial boosted their target price on Assurant from $310.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group raised their price target on Assurant from $274.00 to $331.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Royal Bank Of Canada set a $310.00 price target on shares of Assurant in a research note on Wednesday, June 17th. Finally, Piper Sandler increased their price objective on shares of Assurant from $290.00 to $329.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat.com, Assurant currently has a consensus rating of “Buy” and a consensus target price of $327.14.

Assurant Price Performance

Shares of AIZ opened at $270.99 on Monday. Assurant has a fifty-two week low of $206.03 and a fifty-two week high of $303.94. The firm’s 50-day simple moving average is $282.05 and its two-hundred day simple moving average is $256.31. The stock has a market cap of $13.37 billion, a PE ratio of 12.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share 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 firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the firm earned $5.56 EPS. The company’s revenue was up 9.4% compared to the same quarter last year.

Assurant Dividend Announcement

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

Insider Activity

In other news, EVP Biju Nair sold 3,931 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the transaction, the executive vice president directly owned 24,247 shares of the company’s stock, valued at $7,333,747.62. This represents a 13.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Assurant

A number of hedge funds have recently bought and sold shares of AIZ. BlackRock Inc. bought a new position in shares of Assurant in the 2nd quarter worth approximately $1,345,211,000. Bank of New York Mellon Corp bought a new stake in Assurant during the second quarter valued at approximately $1,269,591,000. Bank of America Corp DE bought a new stake in Assurant during the second quarter valued at approximately $269,635,000. Norges Bank purchased a new stake in Assurant during the fourth quarter valued at approximately $161,574,000. Finally, Deutsche Bank AG purchased a new stake in Assurant during the second quarter valued at approximately $76,718,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

About Assurant

Assurant, Inc is a global business services and insurance company that provides protection products and services supporting major purchases and everyday needs. Its offerings are designed to help consumers, businesses and distribution partners manage risks associated with connected devices, housing and transportation.

The company’s Lifestyle segment provides mobile device protection, extended service contracts, vehicle service contracts and related services. Its Global Housing segment offers renters insurance, homeowners insurance, lender-placed insurance and other specialty property products.