Assurant (NYSE:AIZ) Issues 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) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 22.390-22.390 for the period, compared to the consensus earnings per share estimate of 16.440. The company issued revenue guidance of -.

Assurant Stock Performance

NYSE AIZ traded down $8.13 during trading on Thursday, reaching $201.92. 275,018 shares of the company's stock were exchanged, compared to its average volume of 490,362. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $10.27 billion, a P/E ratio of 14.64 and a beta of 0.58. The business has a 50 day moving average price of $193.58 and a 200-day moving average price of $199.27. Assurant has a fifty-two week low of $169.38 and a fifty-two week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $5.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $1.13. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.13 billion. Assurant had a net margin of 5.83% and a return on equity of 16.71%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.77 EPS. Sell-side analysts forecast that Assurant will post 16.88 earnings per share for the current fiscal year.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 9th. Assurant's payout ratio is 24.94%.

Wall Street Analyst Weigh In

AIZ has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Assurant from $217.00 to $218.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Wall Street Zen cut Assurant from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Keefe, Bruyette & Woods raised their price target on Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Piper Sandler raised shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $228.83.

Insider Activity at Assurant

In other Assurant news, EVP Jay Rosenblum sold 1,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $201.93, for a total transaction of $201,930.00. Following the transaction, the executive vice president owned 11,775 shares of the company's stock, valued at $2,377,725.75. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Assurant

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

About Assurant

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.