FY2025 EPS Estimates for Assurant Boosted by Zacks Research

Key Points

• Zacks Research has raised its earnings per share (EPS) estimate for Assurant, Inc. to $17.09 for FY2025, surpassing the previous estimate of $17.07, with a current consensus estimate for this year set at $16.88.
• Assurant received multiple positive ratings from research firms, including a "Strong-Buy" from Zacks and various "Buy" and "Outperform" ratings from other analysts, with a consensus target price of $243.00.
• The company recently announced a dividend of $0.80 per share, resulting in an annualized yield of 1.5%, with a payout ratio of 23.17%.

Assurant, Inc. (NYSE:AIZ - Free Report) - Equities research analysts at Zacks Research increased their FY2025 earnings estimates for shares of Assurant in a report released on Wednesday, October 15th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $17.09 per share for the year, up from their prior estimate of $17.07. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Assurant's current full-year earnings is $16.88 per share. Zacks Research also issued estimates for Assurant's Q4 2025 earnings at $4.81 EPS, Q1 2026 earnings at $5.08 EPS, Q2 2026 earnings at $5.40 EPS, Q3 2026 earnings at $4.14 EPS, Q4 2026 earnings at $5.54 EPS, FY2026 earnings at $20.16 EPS, Q1 2027 earnings at $4.93 EPS, Q2 2027 earnings at $5.62 EPS, Q3 2027 earnings at $4.54 EPS and FY2027 earnings at $21.05 EPS.

AIZ has been the topic of a number of other research reports. Benchmark began coverage on shares of Assurant in a research note on Tuesday, August 12th. They issued a "buy" rating on the stock. Stephens began coverage on shares of Assurant in a research note on Tuesday, August 12th. They issued an "overweight" rating on the stock. UBS Group upped their price target on shares of Assurant from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Assurant from $225.00 to $235.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, BMO Capital Markets started coverage on Assurant in a research report on Tuesday, August 12th. They issued an "outperform" rating and a $238.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $243.00.

Assurant Stock Performance

Shares of Assurant stock opened at $215.04 on Thursday. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 15.57 and a beta of 0.55. The firm's 50-day moving average is $213.68 and its 200 day moving average is $200.98. Assurant has a 1 year low of $174.97 and a 1 year high of $230.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.40 and a quick ratio of 0.40.

Assurant (NYSE:AIZ - Get Free Report) last announced its earnings results on Thursday, March 24th. The financial services provider reported $1.80 EPS for the quarter. Assurant had a net margin of 5.83% and a return on equity of 16.47%. The firm had revenue of $2.42 billion for the quarter. Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Assurant's dividend payout ratio is currently 23.17%.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Jay Rosenblum sold 3,900 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $208.53, for a total transaction of $813,267.00. Following the completion of the sale, the executive vice president directly owned 7,875 shares of the company's stock, valued at approximately $1,642,173.75. This represents a 33.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keith Demmings sold 13,725 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $220.52, for a total transaction of $3,026,637.00. Following the sale, the chief executive officer directly owned 84,647 shares of the company's stock, valued at approximately $18,666,356.44. This represents a 13.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,125 shares of company stock valued at $5,917,925. Insiders own 0.51% 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 AIZ. Norges Bank purchased a new stake in Assurant in the 2nd quarter worth approximately $131,300,000. Qube Research & Technologies Ltd boosted its stake in Assurant by 482.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 621,830 shares of the financial services provider's stock worth $122,805,000 after purchasing an additional 515,127 shares during the period. Bank of New York Mellon Corp boosted its stake in Assurant by 12.7% in the 1st quarter. Bank of New York Mellon Corp now owns 3,740,659 shares of the financial services provider's stock worth $784,603,000 after purchasing an additional 420,069 shares during the period. Voya Investment Management LLC boosted its stake in Assurant by 685.2% in the 3rd quarter. Voya Investment Management LLC now owns 452,293 shares of the financial services provider's stock worth $97,851,000 after purchasing an additional 394,694 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its stake in Assurant by 1,222.0% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 356,064 shares of the financial services provider's stock worth $70,319,000 after purchasing an additional 329,131 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.