Assurant (NYSE:AIZ) Upgraded at Zacks Research

Key Points

• Zacks Research has upgraded Assurant's stock rating from "hold" to "strong-buy," reflecting increased confidence in the company's earnings potential.
• The company's recent earnings report for Q2 showed earnings per share of $5.56, exceeding analyst expectations by $1.13, alongside an 8.0% year-over-year revenue growth.
• Assurant's stock has a current market capitalization of $10.84 billion and is trading at approximately $214.81, with an average target price of $233.29 from various analysts.

Assurant (NYSE:AIZ - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Assurant's Q3 2025 earnings at $3.81 EPS, Q4 2025 earnings at $4.71 EPS, FY2025 earnings at $17.01 EPS, Q1 2026 earnings at $5.06 EPS, Q2 2026 earnings at $5.06 EPS, Q4 2026 earnings at $5.39 EPS, FY2026 earnings at $19.53 EPS, Q1 2027 earnings at $4.67 EPS, Q2 2027 earnings at $5.32 EPS and FY2027 earnings at $19.97 EPS.

A number of other brokerages have also issued reports on AIZ. Morgan Stanley reiterated a "cautious" rating on shares of Assurant in a report on Monday, August 18th. Stephens started coverage on Assurant in a report on Tuesday, August 12th. They issued an "overweight" rating for the company. Benchmark started coverage on Assurant in a report on Tuesday, August 12th. They issued a "buy" rating for the company. Wall Street Zen upgraded Assurant from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, BMO Capital Markets started coverage on shares of Assurant in a research note on Tuesday, August 12th. They issued an "outperform" rating and a $238.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $233.29.

Assurant Trading Up 0.4%

Shares of NYSE AIZ traded up $0.9030 during trading hours on Tuesday, reaching $215.7030. The stock had a trading volume of 393,003 shares, compared to its average volume of 454,429. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.38. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 15.62 and a beta of 0.58. The business's fifty day moving average price is $196.16 and its two-hundred day moving average price is $199.05. Assurant has a 52-week low of $174.97 and a 52-week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly 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 firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. Assurant had a return on equity of 16.47% and a net margin of 5.83%.Assurant's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.77 earnings per share. Assurant has set its FY 2025 guidance at 22.390-22.390 EPS. Analysts expect that Assurant will post 16.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Dimitry Dirienzo sold 950 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $204.96, for a total transaction of $194,712.00. Following the transaction, the chief accounting officer directly owned 3,135 shares of the company's stock, valued at approximately $642,549.60. This represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jay Rosenblum sold 3,900 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $208.53, for a total value of $813,267.00. Following the transaction, the executive vice president directly owned 7,875 shares in the company, valued at approximately $1,642,173.75. The trade was a 33.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.51% of the company's stock.

Hedge Funds Weigh In On Assurant

A number of large investors have recently made changes to their positions in the business. J.W. Cole Advisors Inc. increased its position in shares of Assurant by 3.8% during the second quarter. J.W. Cole Advisors Inc. now owns 1,335 shares of the financial services provider's stock worth $264,000 after purchasing an additional 49 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Assurant by 5.4% during the second quarter. Cresset Asset Management LLC now owns 1,075 shares of the financial services provider's stock worth $212,000 after purchasing an additional 55 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Assurant by 3.9% during the second quarter. GAMMA Investing LLC now owns 1,527 shares of the financial services provider's stock worth $302,000 after purchasing an additional 58 shares in the last quarter. Hartford Investment Management Co. increased its position in shares of Assurant by 1.3% during the second quarter. Hartford Investment Management Co. now owns 4,556 shares of the financial services provider's stock worth $900,000 after purchasing an additional 60 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Assurant by 47.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 190 shares of the financial services provider's stock worth $40,000 after purchasing an additional 61 shares in 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.