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

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$97.91 -1.46 (-1.47 %)
(As of 11/20/2018 10:15 AM ET)
Previous Close$99.37
Today's Range$97.75 - $99.16
52-Week Range$84.34 - $111.43
Volume33,180 shs
Average Volume554,774 shs
Market Capitalization$6.20 billion
P/E Ratio24.60
Dividend Yield2.24%
Beta0.56
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

Stock Exchange NYSE
Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
Current SymbolNYSE:AIZ
Previous Symbol
CUSIP04621X10
Phone212-859-7000

Debt

Debt-to-Equity Ratio0.38
Current Ratio0.51
Quick Ratio0.51

Price-To-Earnings

Trailing P/E Ratio24.60
Forward P/E Ratio15.82
P/E GrowthN/A

Sales & Book Value

Annual Sales$6.42 billion
Price / Sales0.95
Cash Flow$4.3189 per share
Price / Cash22.67
Book Value$81.41 per share
Price / Book1.20

Profitability

EPS (Most Recent Fiscal Year)$3.98
Net Income$519.60 million
Net Margins7.27%
Return on Equity8.27%
Return on Assets1.07%

Miscellaneous

Employees14,750
Outstanding Shares62,050,000
Market Cap$6.20 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 Thursday, November 8th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.60 per share on Monday, December 17th. This represents a $2.40 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, November 23rd. This is an increase from Assurant's previous quarterly dividend of $0.56. View Assurant's Dividend History.

How will Assurant's stock buyback program work?

Assurant announced that its board has initiated a stock buyback program on Monday, November 5th 2018, which authorizes the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) posted its quarterly earnings results on Tuesday, November, 6th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating 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 return on equity of 8.27% and a net margin of 7.27%. The firm's revenue for the quarter was up 43.1% on a year-over-year basis. During the same period last year, the firm earned ($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 Thursday, February 14th 2019. View Earnings Estimates for Assurant.

What price target have analysts set for AIZ?

4 brokerages have issued 12-month price targets for Assurant's stock. Their forecasts range from $125.00 to $136.00. On average, they anticipate Assurant's share price to reach $128.75 in the next twelve months. This suggests a possible upside of 29.6% 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?

Press coverage about AIZ stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Assurant earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

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 a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (6.35%), BlackRock Inc. (5.76%), Lyrical Asset Management LP (3.22%), Dimensional Fund Advisors LP (3.20%), LSV Asset Management (2.25%) and Bank of New York Mellon Corp (2.18%). 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 institutional investors are selling Assurant stock?

AIZ stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, ING Groep NV, LSV Asset Management, Man Group plc, Bank of New York Mellon Corp, JPMorgan Chase & Co., JPMorgan Chase & Co. and Robeco Institutional Asset Management B.V.. 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 institutional investors are buying Assurant stock?

AIZ stock was acquired by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Bessemer Group Inc., Philadelphia Financial Management of San Francisco LLC, Renaissance Technologies LLC, Assenagon Asset Management S.A., Capital Returns Management LLC, Victory Capital Management Inc. and GWM Advisors LLC. 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 $99.37.

How big of a company is Assurant?

Assurant has a market capitalization of $6.20 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:  1.6 out of 5 (star)
Outperform Votes:  148 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  449
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 11/20/2018 by MarketBeat.com Staff

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