Assurant - AIZ Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AIZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIZ, but not buy additional shares or sell existing shares.
View AIZ analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month price objectives for Assurant's shares. Their AIZ share price forecasts range from $133.00 to $170.00. On average, they predict the company's share price to reach $154.75 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for AIZ or view top-rated stocks among Wall Street analysts.

Assurant's stock was trading at $125.06 on January 1st, 2023. Since then, AIZ shares have increased by 4.2% and is now trading at $130.35.
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Assurant saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,000,000 shares, an increase of 6.8% from the December 31st total of 936,000 shares. Based on an average trading volume of 576,700 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.9% of the shares of the stock are sold short.
View Assurant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our AIZ earnings forecast.

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

Assurant, Inc. (NYSE:AIZ) posted its quarterly earnings results on Tuesday, November, 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. The financial services provider had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.62 billion. Assurant had a net margin of 3.25% and a trailing twelve-month return on equity of 12.00%.

Assurant announced a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, February 27th will be paid a dividend of $0.70 per share on Monday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, February 24th.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.14%. 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 48.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 22.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

Assurant announced that its board has approved a share buyback plan on Thursday, May 13th 2021, which permits the company to buyback $900,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Assurant issued an update on its third quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $2.81-$2.81 for the period, compared to the consensus earnings per share estimate of $1.90. The company issued revenue guidance of -.

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

Assurant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Mountain Pacific Investment Advisers Inc. ID (0.35%), Wedge Capital Management L L P NC (0.28%), Calamos Advisors LLC (0.23%), New York State Teachers Retirement System (0.13%), Comerica Bank (0.07%) and Mayport LLC (0.03%). Insiders that own company stock include Alan B Colberg, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II and Robert Lonergan.
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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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One share of AIZ stock can currently be purchased for approximately $130.35.

Assurant (NYSE:AIZ) has a market capitalization of $6.89 billion and generates $10.19 billion in revenue each year. The financial services provider earns $1.37 billion in net income (profit) each year or $5.82 on an earnings per share basis.

The company employs 15,600 workers across the globe.

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 (212) 859-7000, via email at investor.relations@assurant.com, or via fax at 212-859-5893.