Assurant Stock Price, News & Analysis (NYSE:AIZ)

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

4 brokers have issued 1 year target prices for Assurant's stock. Their AIZ share price targets range from $52.00 to $205.00. On average, they expect the company's share price to reach $155.40 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
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 2023. Since then, AIZ shares have increased by 37.5% and is now trading at $172.01.
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Assurant saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 733,600 shares, a decline of 17.8% from the October 31st total of 892,600 shares. Based on an average trading volume of 355,700 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.4% of the shares of the stock are short sold.
View Assurant's Short Interest.

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

Assurant, Inc. (NYSE:AIZ) issued its quarterly earnings data on Wednesday, November, 1st. The financial services provider reported $4.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $1.81. The financial services provider had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.70 billion. Assurant had a net margin of 4.89% and a trailing twelve-month return on equity of 17.35%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS.
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Assurant declared a quarterly dividend on Thursday, November 9th. Investors of record on Monday, November 27th will be paid a dividend of $0.72 per share on Monday, December 18th. This represents a $2.88 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from the stock's previous quarterly dividend of $0.70.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.71%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 19.09% next year. This indicates that the company will be able to sustain or increase its dividend.
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 (RSPF), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 Equal Weight Financials ETF (RYF), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Pure Value ETF (RPV) and Fidelity Low Volatility Factor ETF (FDLO).

Assurant declared that its Board of Directors has approved a share repurchase program on Thursday, November 9th 2023, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership 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's stock is owned by many different institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (6.11%), FMR LLC (5.23%), Massachusetts Financial Services Co. MA (3.55%), Invesco Ltd. (2.03%), Morgan Stanley (1.62%) and Wellington Management Group LLP (1.21%). Insiders that own company stock include Alan B Colberg, Dimitry Dirienzo, Francesca Luthi, Gene Mergelmeyer, Jay Rosenblum, Richard S Dziadzio 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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