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

$172.09
+0.66 (+0.38%)
(As of 01:34 PM ET)
Compare
Today's Range
$170.56
$172.28
50-Day Range
$143.23
$171.43
52-Week Range
$104.49
$172.28
Volume
115,427 shs
Average Volume
392,941 shs
Market Capitalization
$9.05 billion
P/E Ratio
17.51
Dividend Yield
1.67%
Price Target
$155.40

Assurant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.7% Downside
$155.40 Price Target
Short Interest
Healthy
1.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
0.97mentions of Assurant in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$460,932 Sold Last Quarter
Proj. Earnings Growth
3.64%
From $14.56 to $15.09 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.85 out of 5 stars

Finance Sector

43rd out of 779 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 products and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, leased and financed solutions, 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 insurance, voluntary homeowners insurance, and other specialty 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

Here's Why Assurant (AIZ) is a Strong Value Stock
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Here is Why Growth Investors Should Buy Assurant (AIZ) Now
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Assurant Inc's Dividend Analysis
Assurant: Dividend Insights
AIZ or ZURVY: Which Is the Better Value Stock Right Now?
Piper Sandler Keeps Their Buy Rating on Assurant (AIZ)
Assurant (AIZ) Raises Dividend, Ups Share Buyback Capacity
See More Headlines
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Company Calendar

Ex-Dividend for 9/18 Dividend
8/25/2023
Dividend Payable
9/18/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/18 Dividend
11/24/2023
Today
12/05/2023
Dividend Payable
12/18/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/06/2024

Industry, Sector and Symbol

Industry
Insurance carriers, not elsewhere classified
Sub-Industry
Multi-line Insurance
Sector
Finance
CUSIP
04621X10
Employees
13,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$155.40
High Stock Price Target
$205.00
Low Stock Price Target
$52.00
Potential Upside/Downside
-9.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$276.60 million
Pretax Margin
6.26%

Debt

Sales & Book Value

Annual Sales
$10.19 billion
Cash Flow
$15.24 per share
Book Value
$80.04 per share

Miscellaneous

Free Float
52,323,000
Market Cap
$9.00 billion
Optionable
Optionable
Beta
0.53
12 Stocks Corporate Insiders are Abandoning Cover

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AIZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Assurant stock right now?

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.

What is Assurant's stock price target for 2024?

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.

How have AIZ shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Assurant?

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
.

When is Assurant's next earnings date?

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

How were Assurant's earnings last quarter?

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.
Read the conference call transcript
.

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

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
.

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 1.71%. 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.

How will Assurant's stock buyback program work?

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.

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 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).

Who are Assurant's major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:AIZ) was last updated on 12/5/2023 by MarketBeat.com Staff

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