NYSE:AIZ Assurant Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $120.07 +0.14 (+0.12 %) (As of 09/21/2020 12:00 AM ET) Add Compare Share Today's Range$117.75Now: $120.07▼$121.2250-Day Range$107.15MA: $121.01▼$125.0752-Week Range$76.27Now: $120.07▼$142.61Volume604,572 shsAverage Volume468,414 shsMarket Capitalization$7.16 billionP/E Ratio19.18Dividend Yield2.10%Beta0.62 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products. 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 and related 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.Read More Beat the Market (BTM) Rank™ 2.5 Analyst's Opinion Consensus RatingAssurant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $148.67, Assurant has a forecasted upside of 23.8% from its current price of $120.07.Amount of Analyst CoverageAssurant has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Community Rank Outperform VotesAssurant has received 248 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAssurant has received 369 “underperform” votes. (Add your “underperform” vote.)Community SentimentAssurant has received 59.81% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend YieldAssurant pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAssurant has been increasing its dividend for 15 years.Dividend CoverageThe dividend payout ratio of Assurant is 29.47%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Assurant will have a dividend payout ratio of 23.38% next year. This indicates that Assurant will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Assurant insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.63% of the stock of Assurant is held by insiders.Percentage Held by Institutions94.70% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Assurant are expected to grow by 13.12% in the coming year, from $9.53 to $10.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Assurant is 19.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Assurant is 19.18, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 16.99.Price to Book Value per Share RatioAssurant has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.06 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Insurance carriers, not elsewhere classified Sub-IndustryMulti-line Insurance SectorFinance Current SymbolNYSE:AIZ Previous Symbol CUSIP04621X10 CIK1267238 Webwww.assurant.com Phone212-859-7000Debt Debt-to-Equity Ratio0.37 Current Ratio0.47 Quick Ratio0.47Price-To-Earnings Trailing P/E Ratio19.18 Forward P/E Ratio12.60 P/E GrowthN/A Sales & Book Value Annual Sales$10.09 billion Price / Sales0.71 Cash Flow$10.64 per share Price / Cash Flow11.28 Book Value$93.66 per share Price / Book1.28Profitability EPS (Most Recent Fiscal Year)$8.55 Net Income$382.60 million Net Margins3.95% Return on Equity10.23% Return on Assets1.32%Miscellaneous Employees14,200 Outstanding Shares59,648,000Market Cap$7.16 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $120.07 +0.14 (+0.12 %) (As of 09/21/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive AIZ News and Ratings via Email Sign-up to receive the latest news and ratings for AIZ and its competitors with MarketBeat's FREE daily newsletter. Assurant (NYSE:AIZ) Frequently Asked Questions How has Assurant's stock price been impacted by COVID-19? Assurant's stock was trading at $108.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AIZ shares have increased by 10.8% and is now trading at $120.07. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Assurant? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Assurant. When is Assurant's next earnings date? Assurant is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Assurant. How were Assurant's earnings last quarter? Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings data on Tuesday, August, 4th. The financial services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.66. The financial services provider had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.58 billion. Assurant had a return on equity of 10.23% and a net margin of 3.95%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 EPS. View Assurant's earnings history. How often does Assurant pay dividends? What is the dividend yield for Assurant? Assurant announced a quarterly dividend on Friday, July 10th. Stockholders of record on Monday, August 31st will be given a dividend of $0.63 per share on Tuesday, September 22nd. This represents a $2.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, August 28th. View Assurant's dividend history. How will Assurant's stock buyback program work? Assurant announced that its board has initiated a stock repurchase plan on Monday, November 5th 2018, which permits the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued. What price target have analysts set for AIZ? 3 brokers have issued 1-year target prices for Assurant's stock. Their forecasts range from $143.00 to $158.00. On average, they anticipate Assurant's share price to reach $148.67 in the next year. This suggests a possible upside of 23.8% from the stock's current price. View analysts' price targets for Assurant. Who are some of Assurant's key competitors? Some companies that are related to Assurant include American International Group (AIG), Hartford Financial Services Group (HIG), Loews (L), American Financial Group (AFG), Kemper (KMPR), American National Insurance (ANAT), Genworth Financial (GNW) and Horace Mann Educators (HMN). View all competitors. 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), Endologix (ELGX), AbbVie (ABBV), Accenture (ACN), Intel (INTC), Micron Technology (MU), Johnson & Johnson (JNJ) and Cisco Systems (CSCO). Who are Assurant's key executives? Assurant's management team includes the following people: Mr. Alan B. Colberg, Pres, CEO & Director (Age 57)Mr. Richard Steven Dziadzio, Exec. VP & CFO (Age 55)Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 60)Mr. Eric Greenman CFA, Chief Investment Officer & Exec. VPMr. Daniel A. Pacicco, Sr. VP, Chief Accounting Officer & Controller 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.65%), Viking Global Investors LP (4.74%), Bank of New York Mellon Corp (2.85%), Neuberger Berman Group LLC (2.59%), FMR LLC (2.15%) and Lyrical Asset Management LP (1.99%). Company insiders that own Assurant stock include Charles John Koch, Christopher J Pagano, Gene Mergelmeyer, Michael P Campbell, Tammy L Schultz and Tpg Advisors Vi-Aiv, Inc. View institutional ownership trends for Assurant. Which major investors are selling Assurant stock? AIZ stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Lyrical Asset Management LP, Strycker View Capital LLC, GWM Advisors LLC, Nuveen Asset Management LLC, Vanguard Group Inc., and FIL Ltd. Company insiders that have sold Assurant company stock in the last year include Charles John Koch, and Tammy L Schultz. View insider buying and selling activity for Assurant. Which major investors are buying Assurant stock? AIZ stock was bought by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Neuberger Berman Group LLC, Clark Capital Management Group Inc., Jacobs Levy Equity Management Inc., Wedge Capital Management L L P NC, FMR LLC, Bank of Nova Scotia, and First Trust Advisors LP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Assurant's stock price today? One share of AIZ stock can currently be purchased for approximately $120.07. How big of a company is Assurant? Assurant has a market capitalization of $7.16 billion and generates $10.09 billion in revenue each year. The financial services provider earns $382.60 million in net income (profit) each year or $8.55 on an earnings per share basis. Assurant employs 14,200 workers across the globe. What is Assurant's official website? The official website for Assurant is 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] This page was last updated on 9/21/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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