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NYSE:AIZ

Assurant - AIZ Stock Forecast, Price & News

$115.99
+1.63 (+1.43%)
(As of 03/28/2023 11:27 AM ET)
Add
Compare
Today's Range
$113.95
$116.16
50-Day Range
$104.92
$135.65
52-Week Range
$104.49
$194.12
Volume
87,209 shs
Average Volume
425,047 shs
Market Capitalization
$6.14 billion
P/E Ratio
23.43
Dividend Yield
2.41%
Price Target
$130.00

Assurant MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.1% Upside
$130.00 Price Target
Short Interest
Healthy
2.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
0.56mentions of Assurant in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$69,132 Sold Last Quarter
Proj. Earnings Growth
16.78%
From $11.32 to $13.22 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Finance Sector

63rd out of 891 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 3 stocks


AIZ stock logo

About Assurant (NYSE:AIZ) Stock

Assurant, Inc. engages in the provision of lifestyle and housing solutions of consumer purchases. It operates through Global Lifestyle and Global Housing segments. 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 company was founded in 1892 and is headquartered in Atlanta, GA.

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AIZ Stock News Headlines

Assurant Appoints Rajiv Basu to Its Board of Directors
Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
New Strong Sell Stocks for November 28th
See More Headlines
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AIZ Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 3/20 Dividend
2/24/2023
Dividend Payable
3/20/2023
Today
3/28/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

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 Forecast
$130.00
High Stock Price Forecast
$170.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$276.60 million
Pretax Margin
3.43%

Debt

Sales & Book Value

Annual Sales
$10.19 billion
Cash Flow
$15.25 per share
Book Value
$80.04 per share

Miscellaneous

Free Float
52,714,000
Market Cap
$6.08 billion
Optionable
Optionable
Beta
0.54

Key Executives

  • Keith Warner Demmings
    President, Chief Executive Officer & Director
  • Keith Roland Meier
    Chief Operating Officer
  • Richard Steven Dziadzio
    Chief Financial Officer, Treasurer & Executive VP
  • Joseph A. Surber
    Chief Technology Officer & Senior Vice President
  • Robert A. LonerganRobert A. Lonergan
    Executive VP, Chief Strategy & Risk Officer













AIZ Stock - Frequently Asked Questions

Should I buy or sell Assurant stock right now?

3 Wall Street research 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 research 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 analysts have issued 12-month target prices 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 $130.00 in the next twelve months. This suggests a possible upside of 12.1% 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 beginning of the year. Since then, AIZ stock has decreased by 7.3% and is now trading at $115.99.
View the best growth stocks for 2023 here
.

Are investors shorting Assurant?

Assurant saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,100,000 shares, an increase of 5.8% from the February 13th total of 1,040,000 shares. Based on an average daily trading volume, of 420,500 shares, the short-interest ratio is currently 2.6 days. Approximately 2.1% of the shares of the company 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, May 2nd 2023.
View our AIZ earnings forecast
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) issued its quarterly earnings data on Tuesday, November, 2nd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by $0.49. The financial services provider earned $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. Assurant had a net margin of 2.68% and a trailing twelve-month return on equity of 13.52%. During the same period last year, the company earned $1.41 EPS.
Read the conference call transcript
.

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

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 2.41%. The ex-dividend date is Friday, February 24th.
Read our dividend analysis for AIZ
.

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 2.48%. 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 56.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 21.18% 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 announced that its board has authorized a share buyback plan on Thursday, May 13th 2021, which allows the company to repurchase $900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are 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).

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 number of retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (10.78%), Geode Capital Management LLC (2.25%), Dimensional Fund Advisors LP (1.75%), Morgan Stanley (1.72%), Price T Rowe Associates Inc. MD (1.59%) and Macquarie Group Ltd. (1.48%). 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 $115.99.

How much money does Assurant make?

Assurant (NYSE:AIZ) has a market capitalization of $6.14 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 $4.95 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 3/28/2023 by MarketBeat.com Staff