Assurant (NYSE:AIZ) Releases FY 2025 Earnings Guidance

Key Points

• Assurant provided positive FY 2025 earnings guidance with an estimated EPS of $22.39, significantly higher than the consensus estimate of $16.44.
• The company recently reported a quarterly EPS of $5.56, exceeding expectations by $1.08, while maintaining a net margin of 5.55%.
• Assurant also announced a quarterly dividend of $0.80 per share, which reflects an annualized yield of 1.7% and a relatively low payout ratio of 24.94%.

Assurant (NYSE:AIZ - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 22.390-22.390 for the period, compared to the consensus estimate of 16.440. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Assurant from $224.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Wall Street Zen raised shares of Assurant from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Morgan Stanley raised their price objective on shares of Assurant from $217.00 to $218.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $228.83.

Assurant Stock Up 0.8%

AIZ stock traded up $1.57 during mid-day trading on Friday, hitting $203.38. 402,948 shares of the company were exchanged, compared to its average volume of 417,944. The company has a market capitalization of $10.35 billion, a PE ratio of 14.73 and a beta of 0.58. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.38. Assurant has a twelve month low of $170.39 and a twelve month high of $230.55. The firm has a fifty day simple moving average of $193.86 and a 200 day simple moving average of $199.18.

Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $5.56 earnings per share for the quarter, topping the consensus estimate of $4.43 by $1.13. Assurant had a net margin of 5.83% and a return on equity of 16.47%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $4.77 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, research analysts forecast that Assurant will post 16.88 earnings per share for the current fiscal year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Assurant's payout ratio is 23.17%.

Insider Activity at Assurant

In other news, EVP Jay Rosenblum sold 1,000 shares of Assurant stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $201.93, for a total value of $201,930.00. Following the completion of the transaction, the executive vice president directly owned 11,775 shares of the company's stock, valued at approximately $2,377,725.75. The trade was a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.51% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Assurant by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 290,759 shares of the financial services provider's stock valued at $60,987,000 after buying an additional 47,548 shares during the period. Focus Partners Wealth lifted its position in Assurant by 66.6% in the 1st quarter. Focus Partners Wealth now owns 2,648 shares of the financial services provider's stock valued at $556,000 after purchasing an additional 1,059 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Assurant by 606.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,060 shares of the financial services provider's stock valued at $222,000 after purchasing an additional 910 shares during the last quarter. United Services Automobile Association bought a new stake in Assurant in the 1st quarter valued at about $203,000. Finally, Geneos Wealth Management Inc. lifted its position in Assurant by 57.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 67 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Assurant Company Profile

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.