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
Current SymbolNYSE:AIZ
Previous Symbol
CUSIP04621X10
Phone212-859-7000
Debt
Debt-to-Equity Ratio0.38
Current Ratio0.51
Quick Ratio0.51
Price-To-Earnings
Trailing P/E Ratio22.62
Forward P/E Ratio14.54
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.42 billion
Price / Sales0.87
Cash Flow$4.3588 per share
Price / Cash Flow20.65
Book Value$81.41 per share
Price / Book1.11
Profitability
EPS (Most Recent Fiscal Year)$3.98
Net Income$519.60 million
Net Margins7.27%
Return on Equity8.27%
Return on Assets1.07%
Miscellaneous
Employees14,750
Outstanding Shares62,050,000
Market Cap$5.65 billion
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 announced a quarterly dividend on Thursday, November 8th. Investors of record on Monday, November 26th will be paid a dividend of $0.60 per share on Monday, December 17th. This represents a $2.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, November 23rd. This is an increase from Assurant's previous quarterly dividend of $0.56. View Assurant's Dividend History.
How will Assurant's stock buyback program work?
Assurant declared that its Board of Directors has initiated a share repurchase plan on Monday, November 5th 2018, which authorizes the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
How were Assurant's earnings last quarter?
Assurant, Inc. (NYSE:AIZ) released its quarterly earnings results on Tuesday, November, 6th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.00 by $0.06. The financial services provider had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.05 billion. Assurant had a return on equity of 8.27% and a net margin of 7.27%. The company's quarterly revenue was up 43.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.40) 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 stock. Their predictions range from $125.00 to $136.00. On average, they expect Assurant's share price to reach $128.75 in the next year. This suggests a possible upside of 43.0% 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?
Headlines about AIZ stock have been trending somewhat positive recently, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Assurant earned a news sentiment score of 1.1 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
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)
Who are Assurant's major shareholders?
Assurant's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.11%), FMR LLC (6.35%), BlackRock Inc. (5.76%), Lyrical Asset Management LP (3.22%), Dimensional Fund Advisors LP (3.20%) and LSV Asset Management (2.25%). 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 AQR Capital Management LLC, ING Groep NV, LSV Asset Management, Man Group plc, Bank of New York Mellon Corp, JPMorgan Chase & Co., JPMorgan Chase & Co. and Robeco Institutional Asset Management B.V.. 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 acquired by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Bessemer Group Inc., Philadelphia Financial Management of San Francisco LLC, Renaissance Technologies LLC, Vanguard Group Inc., Assenagon Asset Management S.A., Great Lakes Advisors LLC and Capital Returns Management LLC. 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 $90.01.
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.
What is Assurant's official website?
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.
