Zacks Research Has Negative Outlook for Assurant Q1 Earnings

Key Points

• Zacks Research lowered Assurant’s Q1 2027 EPS forecast to $6.01 from $6.06, while maintaining a “Strong Buy” rating. Its full-year 2027 EPS estimate is $23.47, compared with the broader consensus of $22.40 for the current full year.
• Assurant’s latest quarterly results exceeded expectations, with EPS of $6.41 versus the $5.17 consensus and revenue of $3.45 billion. Revenue rose 9.4% year over year, while return on equity reached 20.4%.
• Analyst sentiment remains positive overall: the stock has an average “Buy” rating and a consensus price target of $324.29, compared with its reported opening price of $283.08. Assurant also pays a quarterly dividend of $0.88, yielding approximately 1.2% annually.

Assurant, Inc. (NYSE:AIZ - Free Report) - Analysts at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for shares of Assurant in a research report issued on Thursday, October 15th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings per share of $6.01 for the quarter, down from their prior estimate of $6.06. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Assurant's current full-year earnings is $22.40 per share. Zacks Research also issued estimates for Assurant's Q2 2027 earnings at $6.13 EPS, FY2027 earnings at $23.47 EPS, Q1 2028 earnings at $6.08 EPS, Q3 2028 earnings at $5.88 EPS and FY2028 earnings at $24.49 EPS.

AIZ has been the topic of a number of other reports. 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 research report on Thursday, August 6th. Truist Financial upped their price objective on shares of Assurant from $310.00 to $355.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Assurant from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Assurant from $310.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, BMO Capital Markets lifted their target price on shares of Assurant from $274.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $324.29.

Assurant Stock Performance

Shares of AIZ stock opened at $283.08 on Monday. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 13.52 and a beta of 0.52. The stock has a fifty day moving average of $277.80 and a 200 day moving average of $262.85. Assurant has a 52 week low of $206.03 and a 52 week high of $303.94. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36.

Assurant (NYSE:AIZ - Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 EPS for the quarter, beating analysts' consensus estimates of $5.17 by $1.24. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%. The firm'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 earned $5.56 earnings per share.

Assurant Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, August 31st were given a $0.88 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.2%. Assurant's dividend payout ratio is currently 16.81%.

Insider Activity

In other news, EVP Biju Nair sold 3,931 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 24,247 shares in the company, valued at $7,333,747.62. This trade represents a 13.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Assurant

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in Assurant by 905.3% during the 3rd quarter. IFP Advisors Inc now owns 754 shares of the financial services provider's stock valued at $199,000 after acquiring an additional 679 shares during the period. USA Financial Formulas bought a new stake in Assurant during the third quarter worth about $905,000. TD Waterhouse Canada Inc. purchased a new stake in Assurant in the third quarter worth about $130,000. V Square Quantitative Management LLC grew its holdings in Assurant by 7.2% in the third quarter. V Square Quantitative Management LLC now owns 1,379 shares of the financial services provider's stock worth $363,000 after purchasing an additional 93 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Assurant by 173.2% in the third quarter. Assenagon Asset Management S.A. now owns 24,059 shares of the financial services provider's stock worth $6,340,000 after purchasing an additional 15,252 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

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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