Assurant - AIZ Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AIZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIZ, but not buy additional shares or sell existing shares.
View AIZ analyst ratings or view top-rated stocks.

3 brokers have issued 1-year price targets for Assurant's shares. Their AIZ share price forecasts range from $133.00 to $170.00. On average, they expect the company's share price to reach $154.75 in the next year. This suggests a possible upside of 47.5% from the stock's current price.
View analysts price targets for AIZ or view top-rated stocks among Wall Street analysts.

Assurant's stock was trading at $125.06 at the beginning of the year. Since then, AIZ shares have decreased by 16.1% and is now trading at $104.92.
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Assurant saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,100,000 shares, an increase of 5.8% from the February 13th total of 1,040,000 shares. Based on an average trading volume of 420,500 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.1% of the shares of the stock are sold short.
View Assurant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our AIZ earnings forecast.

Assurant, Inc. (NYSE:AIZ) issued its quarterly earnings data on Tuesday, November, 2nd. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.90 by $0.49. The financial services provider earned $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. Assurant had a trailing twelve-month return on equity of 13.52% and a net margin of 2.68%. During the same period in the prior year, the company posted $1.41 EPS.
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Assurant declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, February 27th will be paid a dividend of $0.70 per share on Monday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, February 24th.
Read our dividend analysis for AIZ.

ETFs with the largest weight of Assurant (NYSE:AIZ) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), SPDR S&P Insurance ETF (KIE), Invesco S&P 500 Equal Weight Financials ETF (RYF), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 GARP ETF (SPGP), Invesco S&P 500 Pure Value ETF (RPV), iShares U.S. Insurance ETF (IAK) and Fidelity Low Volatility Factor ETF (FDLO).

Assurant (NYSE:AIZ) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.52%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 21.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

Assurant declared that its Board of Directors has authorized a share repurchase program on Thursday, May 13th 2021, which permits the company to buyback $900,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

400 employees have rated Assurant Chief Executive Officer Alan Colberg on Glassdoor.com. Alan Colberg has an approval rating of 84% among the company's employees. 65.0% of employees surveyed would recommend working at Assurant to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Assurant investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), AbbVie (ABBV), Endologix (ELGX), Intel (INTC), Johnson & Johnson (JNJ), Accenture (ACN), Micron Technology (MU) and Abbott Laboratories (ABT).

Assurant trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIZ."

Assurant's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (10.78%), Geode Capital Management LLC (2.25%), Dimensional Fund Advisors LP (1.75%), Morgan Stanley (1.72%), Price T Rowe Associates Inc. MD (1.59%) and Macquarie Group Ltd. (1.48%). Insiders that own company stock include Alan B Colberg, Dimitry Dirienzo, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II and Robert Lonergan.
View institutional ownership trends.

Shares of AIZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AIZ stock can currently be purchased for approximately $104.92.

Assurant (NYSE:AIZ) has a market capitalization of $5.55 billion and generates $10.19 billion in revenue each year. The financial services provider earns $276.60 million in net income (profit) each year or $4.95 on an earnings per share basis.

The company employs 13,700 workers across the globe.

Assurant's mailing address is 28 LIBERTY STREET 41ST FLOOR, NEW YORK NY, 10005. The official website for the company is www.assurant.com. The financial services provider can be reached via phone at (770) 763-1000, via email at investor.relations@assurant.com, or via fax at 212-859-5893.