Zacks Research Forecasts Assurant's Q2 Earnings (NYSE:AIZ)

Key Points

• Zacks Research has slightly increased Assurant's Q2 2027 earnings per share (EPS) estimate to $5.63, up from $5.62, while maintaining a "Hold" rating on the stock.
• The consensus estimate for Assurant's current full-year earnings is $16.88 per share, with Q3 2027 earnings estimated at $4.55 EPS.
• CEO Keith Demmings recently sold 13,725 shares of Assurant stock, a 13.95% decrease in ownership, as insiders sold a total of shares valued at $5.9 million over the last 90 days.

Assurant, Inc. (NYSE:AIZ - Free Report) - Zacks Research increased their Q2 2027 earnings per share (EPS) estimates for Assurant in a research note issued to investors on Tuesday, October 21st. Zacks Research analyst Team now expects that the financial services provider will earn $5.63 per share for the quarter, up from their prior estimate of $5.62. Zacks Research has a "Hold" 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 Q3 2027 earnings at $4.55 EPS.

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

Several other equities analysts have also recently weighed in on AIZ. Benchmark began coverage on Assurant in a report on Tuesday, August 12th. They set a "buy" rating for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Assurant in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Assurant from $230.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. Stephens began coverage on Assurant in a research report on Tuesday, August 12th. They set an "overweight" rating for the company. Finally, Wall Street Zen raised Assurant from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.00.

Assurant Stock Up 0.8%

Shares of AIZ opened at $210.88 on Wednesday. The company has a market capitalization of $10.64 billion, a PE ratio of 15.27 and a beta of 0.55. The business's 50 day moving average is $214.01 and its 200 day moving average is $201.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.38. Assurant has a 12-month low of $174.97 and a 12-month high of $230.55.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. increased its holdings in shares of Assurant by 3.8% in the second quarter. J.W. Cole Advisors Inc. now owns 1,335 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 49 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Assurant by 5.4% in the second quarter. Cresset Asset Management LLC now owns 1,075 shares of the financial services provider's stock valued at $212,000 after purchasing an additional 55 shares during the period. GAMMA Investing LLC increased its holdings in shares of Assurant by 3.9% in the second quarter. GAMMA Investing LLC now owns 1,527 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 58 shares during the period. Hartford Investment Management Co. grew its holdings in 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 acquiring an additional 60 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in 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 acquiring an additional 61 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Assurant

In related news, CEO Keith Demmings sold 13,725 shares of the company's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $220.52, for a total transaction of $3,026,637.00. Following the transaction, the chief executive officer directly owned 84,647 shares of the company's stock, valued at $18,666,356.44. This represents a 13.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Dimitry Dirienzo sold 950 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $204.96, for a total value of $194,712.00. Following the completion of the transaction, the chief accounting officer directly owned 3,135 shares in the company, valued at $642,549.60. This represents a 23.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,125 shares of company stock valued at $5,917,925 in the last ninety days. Corporate insiders own 0.51% of the company's stock.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 2nd were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend 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%.

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.

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