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; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services. 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 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
SymbolNYSE:AIZ
CUSIP04621X10
Phone212-859-7000
Debt
Debt-to-Equity Ratio0.45
Current Ratio0.62
Quick Ratio0.62
Price-To-Earnings
Trailing P/E Ratio27.00
Forward P/E Ratio14.33
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.42 billion
Price / Sales0.88
Cash Flow$4.4208 per share
Price / Cash24.31
Book Value$81.41 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$3.98
Net Income$519.60 million
Net Margins7.41%
Return on Equity5.17%
Return on Assets0.70%
Miscellaneous
Employees14,750
Outstanding Shares52,690,000
Market Cap$5,645.20
Assurant (NYSE:AIZ) Frequently Asked Questions
What is Assurant's stock symbol?
Assurant trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIZ."
How often does Assurant pay dividends? What is the dividend yield for Assurant?
Assurant declared a quarterly dividend on Thursday, July 12th. Investors of record on Monday, August 27th will be paid a dividend of $0.56 per share on Tuesday, September 18th. This represents a $2.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, August 24th. View Assurant's Dividend History.
How were Assurant's earnings last quarter?
Assurant, Inc. (NYSE:AIZ) released its earnings results on Thursday, May, 3rd. The financial services provider reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.25. The financial services provider earned $1.64 billion during the quarter, compared to analysts' expectations of $1.59 billion. Assurant had a net margin of 7.41% and a return on equity of 5.17%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. View Assurant's Earnings History.
When is Assurant's next earnings date?
What price target have analysts set for AIZ?
4 analysts have issued 1 year price targets for Assurant's shares. Their forecasts range from $118.00 to $129.00. On average, they expect Assurant's stock price to reach $123.25 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price. View Analyst Ratings for Assurant.
What is the consensus analysts' recommendation for Assurant?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Assurant's key competitors?
Who are Assurant's key executives?
Assurant's management team includes the folowing people:
- Mr. Alan B. Colberg, Pres, CEO & Director (Age 56)
- Mr. Richard Steven Dziadzio, Exec. VP, CFO & Treasurer (Age 54)
- Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 59)
- Mr. Ajay Waghray, Exec. VP & CTO (Age 56)
- Mr. Christopher John Pagano, Exec. VP & Chief Risk Officer (Age 54)
Has Assurant been receiving favorable news coverage?
News coverage about AIZ stock has trended positive this week, according to Accern. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Assurant earned a daily sentiment score of 0.36 on Accern's scale. They also gave news stories about the financial services provider an impact score of 45.61 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Assurant's major shareholders?
Assurant's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.10%), Nisa Investment Advisors LLC (0.06%), CHURCHILL MANAGEMENT Corp (0.05%), Bank of Montreal Can (0.05%), State of Alaska Department of Revenue (0.04%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%). Company insiders that own Assurant stock include Christopher J Pagano, John Andrew Sondej and Robert W Stein. 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 Bank of Montreal Can, Nisa Investment Advisors LLC, Highland Capital Management LLC, Westpac Banking Corp, Hartford Investment Management Co., Fjarde AP Fonden Fourth Swedish National Pension Fund, Gateway Investment Advisers LLC and Benjamin F. Edwards & Company Inc.. View Insider Buying and Selling for Assurant.
Which major investors are buying Assurant stock?
AIZ stock was acquired by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, CHURCHILL MANAGEMENT Corp, Assenagon Asset Management S.A., FNY Investment Advisers LLC, Fisher Asset Management LLC, GWM Advisors LLC, IFM Investors Pty Ltd and NN Investment Partners Holdings N.V.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Assurant's stock price today?
One share of AIZ stock can currently be purchased for approximately $107.47.
How big of a company is Assurant?
Assurant has a market capitalization of $5.65 billion and generates $6.42 billion in revenue each year. The financial services provider earns $519.60 million in net income (profit) each year or $3.98 on an earnings per share basis. Assurant employs 14,750 workers across the globe.
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]
MarketBeat Community Rating for Assurant (NYSE AIZ)
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.
