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NYSE:AIZ

Assurant - AIZ Stock Forecast, Price & News

$126.39
+1.17 (+0.93%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$124.83
$127.43
50-Day Range
$120.73
$154.43
52-Week Range
$119.01
$194.12
Volume
465,574 shs
Average Volume
487,491 shs
Market Capitalization
$6.68 billion
P/E Ratio
21.72
Dividend Yield
2.24%
Price Target
$170.20

Assurant MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
34.7% Upside
$170.20 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
0.17mentions of Assurant in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.47%
From $10.60 to $12.77 Per Share

Overall MarketRank

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

3.38 out of 5 stars

Finance Sector

7th out of 907 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 5 stocks

AIZ stock logo

About Assurant (NYSE:AIZ) Stock

Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. 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; and credit protection and other insurance products. The Global Housing segment provides lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, voluntary homeowners insurance, and other specialty 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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AIZ Stock News Headlines

New Strong Sell Stocks for November 28th
Morgan Stanley Trims Assurant (NYSE:AIZ) Target Price to $165.00
Assurant Third Quarter 2022 Earnings: Misses Expectations
Assurant (AIZ) Q3 Earnings Beat Estimates
Assurant Reports Third Quarter 2022 Financial Results
Assurant Shares Are Nosediving Today: Here's Why
Here's What to Expect From Assurant (AIZ) in Q3 Earnings
Assurant cuts FY 2022 adj. EBITDA and adj. EPS guidance
Assurant to Announce Third Quarter 2022 Financial Results
See More Headlines
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AIZ Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 9/19 Dividend
8/26/2022
Dividend Payable
9/19/2022
Ex-Dividend for 12/19 Dividend
11/25/2022
Today
11/29/2022
Dividend Payable
12/19/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/14/2023

Industry, Sector and Symbol

Industry
Insurance carriers, not elsewhere classified
Sub-Industry
Multi-line Insurance
Sector
Finance
CUSIP
04621X10
Employees
15,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$170.20
High Stock Price Forecast
$185.00
Low Stock Price Forecast
$151.00
Forecasted Upside/Downside
+34.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$1.37 billion
Pretax Margin
4.07%

Debt

Sales & Book Value

Annual Sales
$10.19 billion
Cash Flow
$14.56 per share
Book Value
$96.35 per share

Miscellaneous

Free Float
52,625,000
Market Cap
$6.68 billion
Optionable
Optionable
Beta
0.52

Key Executives

  • Mr. Keith Warner Demmings (Age 49)
    Pres, CEO & Director
    Comp: $1.69M
  • Mr. Richard Steven Dziadzio (Age 58)
    Exec. VP & CFO
    Comp: $1.81M
  • Ms. Francesca L. LuthiMs. Francesca L. Luthi (Age 46)
    Exec. VP & Chief Admin. Officer
    Comp: $1.28M
  • Mr. Keith Roland Meier (Age 52)
    Chief Operating Officer
  • Mr. Vadim Lipovetsky
    Chief Investment Officer
  • Mr. Dimitry DiRienzo (Age 46)
    Sr. VP, Chief Accounting Officer & Controller
  • Mr. Joseph A. Surber III
    Sr. VP & Global Technology Officer
  • Ms. Suzanne Shepherd
    Sr. VP of Investor Relations & Sustainability
  • Mr. John Pawloski
    Sr. VP & Chief Compliance Officer
  • Mr. Jay E. Rosenblum (Age 55)
    Exec. VP & Chief Legal Officer













AIZ Stock - Frequently Asked Questions

Should I buy or sell Assurant stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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?

4 analysts have issued 12-month price objectives for Assurant's stock. Their AIZ share price forecasts range from $151.00 to $185.00. On average, they predict the company's stock price to reach $170.20 in the next year. This suggests a possible upside of 34.7% 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 2022?

Assurant's stock was trading at $155.86 at the beginning of the year. Since then, AIZ shares have decreased by 18.9% and is now trading at $126.39.
View the best growth stocks for 2022 here
.

Are investors shorting Assurant?

Assurant saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 1,030,000 shares, a decline of 8.0% from the October 31st total of 1,120,000 shares. Based on an average trading volume of 507,500 shares, the short-interest ratio is presently 2.0 days. Approximately 2.0% of the shares of the stock 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, February 14th 2023.
View our AIZ earnings forecast
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings results on Tuesday, November, 2nd. The financial services provider reported $1.41 earnings per share 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 analyst estimates of $2.49 billion. Assurant had a trailing twelve-month return on equity of 12.00% and a net margin of 3.25%. During the same period in the previous year, the business earned $1.41 EPS.
Read the conference call transcript
.

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

Assurant declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Monday, November 28th will be given a dividend of $0.70 per share on Monday, December 19th. This represents a $2.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, November 25th. This is an increase from the stock's previous quarterly dividend of $0.68.
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 2.24%. The company has been increasing its dividend for 17 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 21.93% 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 declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 13th 2021, which allows the company to buyback $900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

What guidance has Assurant issued on next quarter's earnings?

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 -.

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.68%), BlackRock Inc. (10.17%), State Street Corp (5.34%), Bank of New York Mellon Corp (4.95%), Massachusetts Financial Services Co. MA (2.04%) and Dimensional Fund Advisors LP (1.77%). Insiders that own company stock include Alan B Colberg, Charles John Koch, 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 $126.39.

How much money does Assurant make?

Assurant (NYSE:AIZ) has a market capitalization of $6.68 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.

How many employees does Assurant have?

The company employs 15,600 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 (212) 859-7000, via email at investor.relations@assurant.com, or via fax at 212-859-5893.

This page (NYSE:AIZ) was last updated on 11/29/2022 by MarketBeat.com Staff