NYSE:AIZ Assurant (AIZ) Stock Forecast, Price & News $123.38 +2.48 (+2.05%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$121.72▼$124.2950-Day Range$114.36▼$132.0352-Week Range$104.49▼$185.97Volume267,259 shsAverage Volume417,633 shsMarket Capitalization$6.56 billionP/E Ratio27.54Dividend Yield2.27%Price Target$136.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Assurant MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside10.2% Upside$136.00 Price TargetShort InterestHealthy1.39% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.72Upright™ Environmental ScoreNews Sentiment0.72Based on 8 Articles This WeekInsider TradingSelling Shares$99,200 Sold Last QuarterProj. Earnings Growth13.59%From $13.91 to $15.80 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.15 out of 5 starsFinance Sector72nd out of 874 stocksInsurance Carriers, Not Elsewhere Classified Industry1st out of 3 stocks 2.3 Analyst's Opinion Consensus RatingAssurant has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $136.00, Assurant has a forecasted upside of 10.2% from its current price of $123.38.Amount of Analyst CoverageAssurant has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.39% of the float of Assurant has been sold short.Short Interest Ratio / Days to CoverAssurant has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Assurant has recently decreased by 8.77%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldAssurant pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAssurant has been increasing its dividend for 18 years.Dividend CoverageThe dividend payout ratio of Assurant is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Assurant will have a dividend payout ratio of 17.72% next year. This indicates that Assurant will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAssurant has received a 36.11% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Life annuities", "Home insurance services for individuals", and "Mortgages" products. See details.Environmental SustainabilityThe Environmental Impact score for Assurant is -0.72. Previous Next 2.1 News and Social Media Coverage News SentimentAssurant has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Assurant this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for AIZ on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Assurant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Assurant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $99,200.00 in company stock.Percentage Held by InsidersOnly 0.39% of the stock of Assurant is held by insiders.Percentage Held by Institutions95.86% of the stock of Assurant is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Assurant are expected to grow by 13.59% in the coming year, from $13.91 to $15.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Assurant is 27.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Assurant is 27.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 164.09.Price to Earnings Growth RatioAssurant has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioAssurant has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Assurant (NYSE:AIZ) StockAssurant, Inc. engages in the provision of lifestyle and housing solutions of consumer purchases. It operates through the following segments: Global Lifestyle, Global Housing, and Corporate and Other. The Global Lifestyle segment offers mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances, vehicle protection and related services. The Global Housing segment includes lender-placed homeowners' insurance, lender-placed manufactured housing insurance and lender-placed flood insurance, renters' insurance and related products, and voluntary manufactured housing insurance, voluntary homeowners' insurance and other specialty products. The Corporate and Other segment refers to the corporate employee-related expenses and activities of the holding company. The company was founded in 1892 and is headquartered in Atlanta, GA.Read More Receive AIZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Assurant and its competitors with MarketBeat's FREE daily newsletter. Email Address AIZ Stock News HeadlinesJune 2, 2023 | finance.yahoo.comCigna (CI) Inks Deal With CHSS to Enhance Specialty CareJune 1, 2023 | finance.yahoo.comWhy Is Assurant (AIZ) Down 9.1% Since Last Earnings Report?June 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.June 1, 2023 | americanbankingnews.comDimitry Dirienzo Sells 800 Shares of Assurant, Inc. (NYSE:AIZ) StockMay 30, 2023 | finance.yahoo.com$865 million returned to U.S. consumers through trade-in programs in Q1 2023May 26, 2023 | finance.yahoo.comDoes Assurant (AIZ) Have the Potential to Rally 25.85% as Wall Street Analysts Expect?May 25, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights Assurant, EZCORP, Lifetime Brands, Stride and On HoldingMay 25, 2023 | americanbankingnews.comAssurant (NYSE:AIZ) Upgraded at StockNews.comJune 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 24, 2023 | finance.yahoo.comWhy Assurant (AIZ) is a Great Dividend Stock Right NowMay 24, 2023 | finance.yahoo.com5 Undervalued Stocks with Long-Term PotentialMay 23, 2023 | finance.yahoo.comIs Enact Holdings (ACT) Outperforming Other Finance Stocks This Year?May 23, 2023 | finance.yahoo.comDo These 3 Checks Before Buying Assurant, Inc. (NYSE:AIZ) For Its Upcoming DividendMay 21, 2023 | americanbankingnews.comQ1 2024 EPS Estimates for Assurant, Inc. Raised by Zacks Research (NYSE:AIZ)May 16, 2023 | finance.yahoo.comAssurant CEO Signs Disability:IN Letter on Disability InclusionMay 13, 2023 | americanbankingnews.comAssurant, Inc. (AIZ) to Issue Quarterly Dividend of $0.70 on June 20thMay 13, 2023 | msn.comAssurant (AIZ) Declares $0.70 DividendMay 13, 2023 | americanbankingnews.comStockNews.com Lowers Assurant (NYSE:AIZ) to HoldMay 10, 2023 | marketwatch.comAssurant Inc. stock falls Tuesday, underperforms marketMay 10, 2023 | marketwatch.comAssurant Inc. stock falls Wednesday, underperforms marketMay 9, 2023 | finance.yahoo.comEverQuote (EVER) Q1 Earnings Beat on Lower Operating ExpensesMay 9, 2023 | americanbankingnews.comFY2023 EPS Estimates for Assurant, Inc. Lifted by William Blair (NYSE:AIZ)May 8, 2023 | finance.yahoo.comWhy Assurant (AIZ) Might be Well Poised for a SurgeMay 8, 2023 | americanbankingnews.comAssurant (NYSE:AIZ) Upgraded to Buy at StockNews.comMay 5, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Assurant, Inc. (NYSE:AIZ) Boosted by AnalystMay 5, 2023 | americanbankingnews.comAssurant (NYSE:AIZ) Issues Quarterly Earnings Results, Beats Expectations By $1.17 EPSMay 5, 2023 | americanbankingnews.comBank of America Increases Assurant (NYSE:AIZ) Price Target to $164.00See More Headlines AIZ Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AIZ Company Calendar Ex-Dividend for 3/20 Dividend2/24/2023Dividend Payable3/20/2023Last Earnings5/02/2023Ex-Dividend for 6/20 Dividend5/26/2023Today6/02/2023Dividend Payable6/20/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Insurance carriers, not elsewhere classified Sub-IndustryMulti-line Insurance SectorFinance Current SymbolNYSE:AIZ CUSIP04621X10 CIK1267238 Webwww.assurant.com Phone(770) 763-1000Fax212-859-5893Employees13,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$136.00 High Stock Price Forecast$170.00 Low Stock Price Forecast$52.00 Forecasted Upside/Downside+10.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.48 Trailing P/E Ratio27.54 Forward P/E Ratio8.87 P/E Growth0.75Net Income$276.60 million Net Margins2.33% Pretax Margin3.11% Return on Equity13.47% Return on Assets1.77% Debt Debt-to-Equity Ratio0.48 Current Ratio0.41 Quick Ratio0.41 Sales & Book Value Annual Sales$10.19 billion Price / Sales0.64 Cash Flow$15.40 per share Price / Cash Flow8.01 Book Value$82.71 per share Price / Book1.49Miscellaneous Outstanding Shares53,150,000Free Float52,945,000Market Cap$6.56 billion OptionableOptionable Beta0.54 Key ExecutivesKeith Warner DemmingsPresident, Chief Executive Officer & DirectorKeith Roland MeierChief Operating OfficerRichard Steven DziadzioChief Financial Officer, Treasurer & Executive VPJoseph A. SurberChief Technology Officer & Senior Vice PresidentRobert A. LonerganExecutive VP, Chief Strategy & Risk OfficerKey CompetitorsWoori Financial GroupNYSE:WFFirstServiceNASDAQ:FSVOmega Healthcare InvestorsNYSE:OHIPrimericaNYSE:PRICullen/Frost BankersNYSE:CFRView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardBought 513 shares on 6/1/2023Ownership: 0.012%ProShare Advisors LLCBought 1,743 shares on 5/26/2023Ownership: 0.042%Dimitry DirienzoSold 800 sharesTotal: $99,200.00 ($124.00/share)Brandywine Global Investment Management LLCSold 21,493 shares on 5/25/2023Ownership: 0.033%Mountain Pacific Investment Advisers Inc. IDSold 2,547 shares on 5/23/2023Ownership: 0.340%View All Insider TransactionsView All Institutional Transactions AIZ Stock - Frequently Asked Questions Should I buy or sell Assurant stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIZ shares. View AIZ analyst ratings or view top-rated stocks. What is Assurant's stock price forecast for 2023? 3 brokers have issued 1 year price targets for Assurant's shares. Their AIZ share price forecasts range from $52.00 to $170.00. On average, they expect the company's share price to reach $136.00 in the next year. This suggests a possible upside of 10.2% 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 2023? Assurant's stock was trading at $125.06 at the start of the year. Since then, AIZ stock has decreased by 1.3% and is now trading at $123.38. View the best growth stocks for 2023 here. Are investors shorting Assurant? Assurant saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 732,100 shares, a decline of 8.8% from the April 30th total of 802,500 shares. Based on an average trading volume of 425,800 shares, the short-interest ratio is presently 1.7 days. Approximately 1.4% of the company's 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, August 1st 2023. View our AIZ earnings forecast. How were Assurant's earnings last quarter? Assurant, Inc. (NYSE:AIZ) released its quarterly earnings data on Tuesday, May, 2nd. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $1.17. The financial services provider had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.60 billion. Assurant had a net margin of 2.33% and a trailing twelve-month return on equity of 13.47%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $3.75 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, May 11th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.70 per share on Tuesday, June 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, May 26th. Read our dividend analysis for AIZ. What ETFs hold Assurant's stock? 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), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 Equal Weight Financials ETF (RYF), Invesco S&P 500 GARP ETF (SPGP), Invesco S&P 500 Pure Value ETF (RPV), iShares U.S. Insurance ETF (IAK) and Fidelity Small-Mid Cap Opportunities ETF (FSMO). Is Assurant a good dividend stock? Assurant (NYSE:AIZ) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.33%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 17.72% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AIZ. 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). What is Assurant's stock symbol? Assurant trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIZ." Who are Assurant's major shareholders? Assurant's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.76%), State Street Corp (5.26%), FMR LLC (4.88%), Bank of New York Mellon Corp (3.46%), Geode Capital Management LLC (2.28%) and Dimensional Fund Advisors LP (1.73%). Insiders that own company stock include Alan B Colberg, Dimitry Dirienzo, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II 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. What is Assurant's stock price today? One share of AIZ stock can currently be purchased for approximately $123.38. How much money does Assurant make? Assurant (NYSE:AIZ) has a market capitalization of $6.56 billion and generates $10.19 billion in revenue each year. The financial services provider earns $276.60 million in net income (profit) each year or $4.48 on an earnings per share basis. How many employees does Assurant have? The company employs 13,700 workers across the globe. How can I contact Assurant? Assurant's mailing address is 28 LIBERTY STREET 41ST FLOOR, NEW YORK NY, 10005. The official website for the company is www.assurant.com. The financial services provider can be reached via phone at (770) 763-1000, via email at investor.relations@assurant.com, or via fax at 212-859-5893. This page (NYSE:AIZ) was last updated on 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Assurant, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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