What is Zacks Research’s Forecast for Assurant Q1 Earnings?

Assurant, Inc. (NYSE:AIZ) – Analysts at Zacks Research dropped their Q1 2027 earnings per share estimates for Assurant in a report issued on Thursday, October 15th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $6.01 per share for the quarter, down from their previous estimate of $6.06. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $22.40 per share. Zacks Research also issued estimates for Assurant’s Q2 2027 earnings at $6.13 EPS, FY2027 earnings at $23.47 EPS, Q1 2028 earnings at $6.08 EPS, Q3 2028 earnings at $5.88 EPS and FY2028 earnings at $24.49 EPS.

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

A number of other equities research analysts have also recently commented on the stock. Truist Financial increased their price objective on shares of Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Assurant from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Piper Sandler lifted their target price 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. Wall Street Zen raised shares of Assurant from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $324.29.

Assurant Trading Down 0.9%

NYSE:AIZ opened at $280.86 on Monday. The company has a market capitalization of $13.85 billion, a PE ratio of 11.95 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. Assurant has a 52-week low of $206.03 and a 52-week high of $303.94. The stock has a fifty day simple moving average of $277.68 and a 200-day simple moving average of $263.30.

Assurant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, August 31st were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.3%. Assurant’s dividend payout ratio (DPR) is presently 16.81%.

Insider Buying and Selling

In related news, EVP Biju Nair sold 3,931 shares of Assurant stock in a transaction dated 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 completion of the sale, the executive vice president owned 24,247 shares in the company, valued at approximately $7,333,747.62. This trade represents a 13.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Assurant

A number of hedge funds and other institutional investors have recently modified their holdings of AIZ. First Bancorp Inc ME purchased a new position in shares of Assurant during the second quarter valued at approximately $31,000. Arlington Trust Co LLC boosted its position in Assurant by 81.4% during the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new stake in Assurant in the 2nd quarter worth approximately $40,000. Western Wealth Management LLC acquired a new position in Assurant in the 1st quarter valued at $33,000. Finally, Root Financial Partners LLC raised its holdings in Assurant by 27.5% in the 1st quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 53 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Assurant Company Profile

Assurant, Inc (NYSE:AIZ) is a global business services company that provides insurance products and related services. Its offerings are designed to help consumers protect mobile devices, household belongings, vehicles, homes and other significant purchases, while supporting businesses in managing risk and customer relationships.

Assurant operates through three primary business segments: Global Lifestyle, Global Housing and Global Preneed. Global Lifestyle provides mobile device protection, extended service contracts and related services for consumer electronics, appliances and vehicles.