FY2026 EPS Estimates for Assurant Boosted by DOWLING & PARTN

Key Points

• DOWLING & PARTN raised Assurant’s FY2026 EPS estimate to $23.00 from $22.50, above the current consensus forecast of $22.32.
• Assurant’s latest quarterly results exceeded expectations, with EPS of $6.41 versus the $5.17 consensus and revenue of $3.45 billion, up 9.4% year over year.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and average price target of $324.29; institutional investors own 92.65% of the company.

Assurant, Inc. (NYSE:AIZ - Free Report) - Investment analysts at DOWLING & PARTN increased their FY2026 EPS estimates for shares of Assurant in a research note issued on Wednesday, October 7th. DOWLING & PARTN analyst D. Lukpanov now anticipates that the financial services provider will post earnings per share of $23.00 for the year, up from their previous forecast of $22.50. The consensus estimate for Assurant's current full-year earnings is $22.32 per share.

Assurant (NYSE:AIZ - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, topping the consensus estimate of $5.17 by $1.24. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm earned $5.56 EPS. The company's revenue was up 9.4% on a year-over-year basis.

Other analysts have also recently issued research reports about the company. Wall Street Zen cut Assurant from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Morgan Stanley decreased their target price on Assurant from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Tuesday. Royal Bank Of Canada set a $310.00 price target on Assurant in a report on Wednesday, June 17th. UBS Group upped their price target on Assurant from $274.00 to $331.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded Assurant from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, Assurant presently has a consensus rating of "Buy" and an average target price of $324.29.

Assurant Stock Up 2.1%

NYSE:AIZ opened at $272.43 on Friday. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 13.01 and a beta of 0.52. Assurant has a one year low of $206.03 and a one year high of $303.94. The stock has a 50-day simple moving average of $279.46 and a 200 day simple moving average of $260.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38.

Institutional Investors Weigh In On Assurant

A number of hedge funds have recently made changes to their positions in AIZ. Root Financial Partners LLC lifted 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 worth $54,000 after purchasing an additional 53 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Assurant by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,739 shares of the financial services provider's stock valued at $1,250,000 after purchasing an additional 54 shares during the last quarter. Blackhawk Capital Partners LLC grew its holdings in Assurant by 2.5% during the first quarter. Blackhawk Capital Partners LLC now owns 2,223 shares of the financial services provider's stock valued at $484,000 after purchasing an additional 55 shares during the last quarter. Arlington Trust Co LLC grew its holdings in Assurant by 81.4% during the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Finally, Empirical Finance LLC raised its position in shares of Assurant by 3.2% in the second quarter. Empirical Finance LLC now owns 1,960 shares of the financial services provider's stock valued at $526,000 after purchasing an additional 60 shares during the period. Institutional investors own 92.65% of the company's stock.

Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,931 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $302.46, for a total value of $1,188,970.26. Following the completion of the transaction, the executive vice president owned 24,247 shares in the company, valued at approximately $7,333,747.62. This represents a 13.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.54% of the company's stock.

Assurant Announces Dividend

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

Assurant Company Profile

Assurant, Inc is a global business services company that provides insurance products and related services supporting major purchases and everyday needs. Its offerings are distributed through partnerships with mobile carriers, retailers, automotive manufacturers and dealers, financial institutions, housing providers, and other businesses.

Through its Global Lifestyle business, Assurant provides mobile device protection, extended service contracts, vehicle service contracts, and related protection products.

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