NYSE:AIZ - Assurant Stock Price, News, & Analysis

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$96.38 +0.93 (+0.97 %)
(As of 01/21/2019 04:00 PM ET)
Previous Close$95.45
Today's Range$95.43 - $96.80
52-Week Range$82.31 - $111.43
Volume598,438 shs
Average Volume331,302 shs
Market Capitalization$5.98 billion
P/E Ratio24.22
Dividend Yield2.49%
Beta0.58
Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services. The Global Lifestyle segment offers mobile device protection products and related services, and extended service contracts for consumer electronics and appliances, as well as assistance services; vehicle protection services; and credit and other insurance services. Its Global Preneed segment provides pre-funded funeral insurance and annuity 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 New York, New York.

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Industry, Sector and Symbol

Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP04621X10
Phone212-859-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.42 billion
Cash Flow$4.4070 per share
Book Value$81.41 per share

Profitability

Net Income$519.60 million

Miscellaneous

Employees14,750
Market Cap$5.98 billion
OptionableOptionable

Assurant (NYSE:AIZ) Frequently Asked Questions

What is Assurant's stock symbol?

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

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

Assurant declared a quarterly dividend on Friday, January 18th. Investors of record on Monday, February 25th will be paid a dividend of $0.60 per share on Monday, March 18th. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. View Assurant's Dividend History.

How will Assurant's stock buyback program work?

Assurant declared that its board has authorized a share buyback program on Monday, November 5th 2018, which allows the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) released its quarterly earnings results on Tuesday, November, 6th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.06. The financial services provider had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.05 billion. Assurant had a net margin of 7.27% and a return on equity of 8.27%. The business's revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period last year, the company posted ($1.40) earnings per share. View Assurant's Earnings History.

When is Assurant's next earnings date?

Assurant is scheduled to release their next quarterly earnings announcement on Tuesday, February 12th 2019. View Earnings Estimates for Assurant.

How can I listen to Assurant's earnings call?

Assurant will be holding an earnings conference call on Wednesday, February 13th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for AIZ?

4 Wall Street analysts have issued 12-month price objectives for Assurant's shares. Their predictions range from $125.00 to $136.00. On average, they anticipate Assurant's stock price to reach $128.75 in the next year. This suggests a possible upside of 33.6% from the stock's current price. View Analyst Price Targets for Assurant.

What is the consensus analysts' recommendation for Assurant?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Assurant.

Has Assurant been receiving favorable news coverage?

Media stories about AIZ stock have trended very positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Assurant earned a news sentiment score of 3.2 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are some of Assurant's key competitors?

Who are Assurant's key executives?

Assurant's management team includes the folowing people:
  • Mr. Alan B. Colberg, Pres, CEO & Director (Age 56)
  • Mr. Richard Steven Dziadzio, Exec. VP, CFO & Treasurer (Age 54)
  • Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 59)
  • Mr. Ajay Waghray, Exec. VP & CTO (Age 56)
  • Mr. Christopher John Pagano, Exec. VP & Chief Risk Officer (Age 54)

Who are Assurant's major shareholders?

Assurant's stock is owned by many different of retail and institutional investors. Top institutional investors include USS Investment Management Ltd (0.42%), Hennessy Advisors Inc. (0.32%), Nisa Investment Advisors LLC (0.05%), State of Alaska Department of Revenue (0.04%), Bowling Portfolio Management LLC (0.04%) and First Citizens Bank & Trust Co. (0.03%). Company insiders that own Assurant stock include Christopher J Pagano, Gene Mergelmeyer and Tpg Advisors Vi-Aiv, Inc. View Institutional Ownership Trends for Assurant.

Which major investors are selling Assurant stock?

AIZ stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., USS Investment Management Ltd, Nisa Investment Advisors LLC, Bowling Portfolio Management LLC, Oakbrook Investments LLC, Louisiana State Employees Retirement System and Meeder Asset Management Inc.. Company insiders that have sold Assurant company stock in the last year include Christopher J Pagano, Gene Mergelmeyer and Tpg Advisors Vi-Aiv, Inc. View Insider Buying and Selling for Assurant.

Which major investors are buying Assurant stock?

AIZ stock was acquired by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., Legacy Capital Partners Inc., State of Alaska Department of Revenue, Cerebellum GP LLC and Dubuque Bank & Trust Co.. View Insider Buying and Selling for Assurant.

How do I buy shares of Assurant?

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

What is Assurant's stock price today?

One share of AIZ stock can currently be purchased for approximately $96.38.

How big of a company is Assurant?

Assurant has a market capitalization of $5.98 billion and generates $6.42 billion in revenue each year. The financial services provider earns $519.60 million in net income (profit) each year or $3.98 on an earnings per share basis. Assurant employs 14,750 workers across the globe.

What is Assurant's official website?

The official website for Assurant is http://www.assurant.com.

How can I contact Assurant?

Assurant's mailing address is 28 LIBERTY STREET 41ST FLOOR, NEW YORK NY, 10005. The financial services provider can be reached via phone at 212-859-7000 or via email at [email protected]


MarketBeat Community Rating for Assurant (NYSE AIZ)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  152 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  457
MarketBeat's community ratings are surveys of what our community members think about Assurant and other stocks. Vote "Outperform" if you believe AIZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/21/2019 by MarketBeat.com Staff

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