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NYSE:AIZ

Assurant (AIZ) Stock Price, News & Analysis

$168.96
-0.64 (-0.38%)
(As of 06/12/2024 ET)
Today's Range
$168.04
$170.21
50-Day Range
$166.76
$181.25
52-Week Range
$121.51
$189.48
Volume
210,895 shs
Average Volume
354,543 shs
Market Capitalization
$8.78 billion
P/E Ratio
11.79
Dividend Yield
1.70%
Price Target
$200.25

Assurant MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
18.5% Upside
$200.25 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
1.35mentions of Assurant in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.25 M Sold Last Quarter
Proj. Earnings Growth
2.71%
From $16.21 to $16.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.38 out of 5 stars

Finance Sector

194th out of 860 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 3 stocks

AIZ stock logo

About Assurant Stock (NYSE:AIZ)

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. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.

AIZ Stock Price History

AIZ Stock News Headlines

Assurant declares $0.72 dividend
Assurant (AIZ) Receives a Rating Update from a Top Analyst
Assurant Inc Q1 Profit Increases, beats estimates
Assurant, Inc. (AIZ)
See More Headlines
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Company Calendar

Ex-Dividend for 3/25 Dividend
2/02/2024
Dividend Payable
3/25/2024
Last Earnings
5/07/2024
Ex-Dividend for 6/24 Dividend
6/10/2024
Today
6/13/2024
Dividend Payable
6/24/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Insurance carriers, not elsewhere classified
Sub-Industry
Multi-line Insurance
CUSIP
04621X10
Employees
13,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$200.25
High Stock Price Target
$205.00
Low Stock Price Target
$186.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$642.50 million
Pretax Margin
8.38%

Debt

Sales & Book Value

Annual Sales
$11.13 billion
Cash Flow
$19.16 per share
Book Value
$91.45 per share

Miscellaneous

Free Float
51,710,000
Market Cap
$8.78 billion
Optionable
Optionable
Beta
0.56
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AIZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Assurant stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AIZ shares.
View AIZ analyst ratings
or view top-rated stocks.

What is Assurant's stock price target for 2024?

4 equities research analysts have issued 1 year price targets for Assurant's shares. Their AIZ share price targets range from $186.00 to $205.00. On average, they predict the company's share price to reach $200.25 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for AIZ
or view top-rated stocks among Wall Street analysts.

How have AIZ shares performed in 2024?

Assurant's stock was trading at $168.49 on January 1st, 2024. Since then, AIZ stock has increased by 0.3% and is now trading at $168.96.
View the best growth stocks for 2024 here
.

Are investors shorting Assurant?

Assurant saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 984,500 shares, an increase of 9.5% from the May 15th total of 898,900 shares. Based on an average daily trading volume, of 343,600 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.9% of the shares of the company are short sold.
View Assurant's Short Interest
.

When is Assurant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our AIZ earnings forecast
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) posted its quarterly earnings data on Tuesday, May, 7th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.87 by $0.91. The financial services provider earned $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. Assurant had a trailing twelve-month return on equity of 20.08% and a net margin of 6.73%.

How often does Assurant pay dividends? What is the dividend yield for Assurant?

Assurant declared a quarterly dividend on Thursday, May 23rd. Investors of record on Monday, June 10th will be given a dividend of $0.72 per share on Monday, June 24th. This represents a $2.88 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, June 10th.
Read our dividend analysis for AIZ
.

Is Assurant a good dividend stock?

Assurant (NYSE:AIZ) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.67%. The dividend payout ratio is 20.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 17.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

How will Assurant's stock buyback program work?

Assurant announced that its Board of Directors has authorized a stock buyback program on Thursday, November 9th 2023, which permits the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

What is Alan Colberg's approval rating as Assurant's CEO?

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.

What other stocks do shareholders of Assurant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Assurant investors own include Xtrackers California Municipal Bond ETF (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).

Who are Assurant's major shareholders?

Assurant's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.01%), Bank of New York Mellon Corp (4.09%), Price T Rowe Associates Inc. MD (1.91%), TD Asset Management Inc (0.90%), Los Angeles Capital Management LLC (0.48%) and Nordea Investment Management AB (0.46%). Insiders that own company stock include Alan B Colberg, Dimitry Dirienzo, Francesca Luthi, Jay Rosenblum, Michael P Campbell, Richard S Dziadzio and Robert Lonergan.
View institutional ownership trends
.

How do I buy shares of Assurant?

Shares of AIZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AIZ) was last updated on 6/13/2024 by MarketBeat.com Staff

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