NYSE:AIZ - Assurant Stock Price, News, & Analysis

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$100.26 +0.61 (+0.61 %)
(As of 05/22/2019 04:00 PM ET)
Previous Close$99.65
Today's Range$98.99 - $100.32
52-Week Range$82.31 - $111.43
Volume527,256 shs
Average Volume611,737 shs
Market Capitalization$6.16 billion
P/E Ratio17.29
Dividend Yield2.50%
Beta0.62
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.

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Industry, Sector and Symbol

Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP04621X10
Phone212-859-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.06 billion
Cash Flow$7.0855 per share
Book Value$88.96 per share

Profitability

Net Income$251 million

Miscellaneous

Employees14,750
Market Cap$6.16 billion
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable

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 Wednesday, May 8th. Investors of record on Tuesday, May 28th will be given a dividend of $0.60 per share on Tuesday, June 18th. This represents a $2.40 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, May 24th. View Assurant's Dividend History.

How will Assurant's stock buyback program work?

Assurant announced that its board has initiated a share buyback program on Monday, November 5th 2018, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) released its earnings results on Monday, May, 6th. The financial services provider reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.08. The financial services provider had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.30 billion. Assurant had a net margin of 3.46% and a return on equity of 7.23%. The company's quarterly revenue was up 48.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 earnings per share. View Assurant's Earnings History.

When is Assurant's next earnings date?

Assurant is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for Assurant.

What price target have analysts set for AIZ?

4 Wall Street analysts have issued twelve-month price targets for Assurant's stock. Their predictions range from $125.00 to $133.00. On average, they anticipate Assurant's share price to reach $128.00 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Assurant.

Has Assurant been receiving favorable news coverage?

News coverage about AIZ stock has trended negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Assurant earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

Who are some of Assurant's key 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), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), NIC (EGOV), Workday (WDAY), Allergan (AGN) and Zoetis (ZTS).

Who are Assurant's key executives?

Assurant's management team includes the folowing 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. VP
  • Mr. Daniel A. Pacicco, Sr. VP, Chief Accounting Officer & Controller

Who are Assurant's major shareholders?

Assurant's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.52%), Wellington Management Group LLP (5.46%), FMR LLC (3.92%), Dimensional Fund Advisors LP (3.15%), Geode Capital Management LLC (1.43%) and Wedge Capital Management L L P NC (1.42%). Company insiders that own Assurant stock include Christopher J Pagano, Gene Mergelmeyer and Tpg Advisors Vi-Aiv, Inc. View Institutional Ownership Trends for Assurant.

Which institutional investors are selling Assurant stock?

AIZ stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Parametric Portfolio Associates LLC, FMR LLC, First Trust Advisors LP, Wedge Capital Management L L P NC, Stevens Capital Management LP, AQR Capital Management LLC and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Assurant company stock in the last year include Christopher J Pagano, Gene Mergelmeyer and Tpg Advisors Vi-Aiv, Inc. View Insider Buying and Selling for Assurant.

Which institutional investors are buying Assurant stock?

AIZ stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Goldman Sachs Group Inc., Neuberger Berman Group LLC, Wellington Management Group LLP, Westwood Holdings Group Inc., Blackstone Group L.P. and Hallmark Capital Management Inc.. 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 $100.26.

How big of a company is Assurant?

Assurant has a market capitalization of $6.16 billion and generates $8.06 billion in revenue each year. The financial services provider earns $251 million in net income (profit) each year or $5.80 on an earnings per share basis. Assurant employs 14,750 workers across the globe.

What is Assurant's official website?

The official website for Assurant is http://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]


MarketBeat Community Rating for Assurant (NYSE AIZ)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  170 (Vote Outperform)
Underperform Votes:  321 (Vote Underperform)
Total Votes:  491
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.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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