What is Zacks Research's Estimate for Assurant Q2 Earnings?

Key Points

• Zacks Research lowered Assurant’s Q2 2027 EPS estimate slightly to $6.08 from $6.09 and maintained a “Strong-Buy” rating. It also forecast $5.76 EPS for Q3 2027 and $6.18 for Q1 2028.
• Assurant’s latest quarter exceeded expectations, with EPS of $6.41 versus the $5.17 consensus and revenue of $3.45 billion. Revenue increased 9.4% year over year.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $327.14; Assurant also declared a quarterly dividend of $0.88 per share, yielding about 1.2% annually.

Assurant, Inc. (NYSE:AIZ - Free Report) - Zacks Research reduced their Q2 2027 earnings estimates for shares of Assurant in a research report issued to clients and investors on Thursday, September 17th. Zacks Research analyst Team now expects that the financial services provider will post earnings of $6.08 per share for the quarter, down from their previous forecast of $6.09. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Assurant's current full-year earnings is $22.28 per share. Zacks Research also issued estimates for Assurant's Q3 2027 earnings at $5.76 EPS, Q1 2028 earnings at $6.18 EPS and Q2 2028 earnings at $6.44 EPS.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly 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. The business had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.43 billion. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.56 EPS.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their target price on Assurant from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Royal Bank Of Canada set a $310.00 price target on Assurant in a research note on Wednesday, June 17th. Truist Financial increased their price target on Assurant from $310.00 to $355.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Weiss Ratings raised Assurant from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday, August 11th. Finally, Piper Sandler boosted their price objective on shares of Assurant from $290.00 to $329.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $327.14.

Assurant Trading Down 0.1%

AIZ opened at $281.81 on Monday. Assurant has a one year low of $206.03 and a one year high of $303.94. The stock has a market capitalization of $13.90 billion, a PE ratio of 13.46 and a beta of 0.54. The business's 50 day moving average price is $282.22 and its 200 day moving average price is $255.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.2%. Assurant's dividend payout ratio is currently 16.81%.

Insider Buying and Selling at Assurant

In other news, EVP Biju Nair sold 3,931 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total value of $1,188,970.26. Following the sale, the executive vice president directly owned 24,247 shares in the company, valued at approximately $7,333,747.62. This trade represents a 13.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its position in Assurant by 26.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,535 shares of the financial services provider's stock valued at $949,000 after purchasing an additional 735 shares in the last quarter. Tidal Investments LLC grew its position in shares of Assurant by 9.5% during the second quarter. Tidal Investments LLC now owns 4,091 shares of the financial services provider's stock worth $1,099,000 after buying an additional 355 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Assurant during the second quarter worth about $173,000. Squarepoint Ops LLC increased its stake in shares of Assurant by 956.7% during the second quarter. Squarepoint Ops LLC now owns 14,065 shares of the financial services provider's stock worth $3,777,000 after buying an additional 12,734 shares during the period. Finally, Beacon Investment Advisory Services Inc. increased its stake in shares of Assurant by 12.1% during the second quarter. Beacon Investment Advisory Services Inc. now owns 2,605 shares of the financial services provider's stock worth $700,000 after buying an additional 282 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

About Assurant

Assurant, Inc is a global business services and insurance company that provides protection products and services supporting major purchases and everyday needs. Its offerings are designed to help consumers, businesses and distribution partners manage risks associated with connected devices, housing and transportation.

The company's Lifestyle segment provides mobile device protection, extended service contracts, vehicle service contracts and related services. Its Global Housing segment offers renters insurance, homeowners insurance, lender-placed insurance and other specialty property products.

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