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NYSE:AIZ - Assurant Stock Price, Forecast & News

$104.70
-0.65 (-0.62 %)
(As of 03/29/2020 01:24 AM ET)
Today's Range
$101.10
Now: $104.70
$108.31
50-Day Range
$80.41
MA: $120.30
$142.52
52-Week Range
$76.27
Now: $104.70
$142.61
Volume409,371 shs
Average Volume708,144 shs
Market Capitalization$6.26 billion
P/E Ratio18.21
Dividend Yield2.39%
Beta0.54
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$10.09 billion
Cash Flow$10.57 per share
Book Value$93.66 per share

Profitability

Net Income$382.60 million

Miscellaneous

Employees14,200
Market Cap$6.26 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Assurant (NYSE:AIZ) Frequently Asked Questions

How has Assurant's stock been impacted by COVID-19 (Coronavirus)?

Assurant's stock was trading at $108.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AIZ shares have decreased by 3.4% and is now trading at $104.70. View which stocks have been mosted impacted by Coronavirus.

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 Monday, May 4th 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, February, 11th. The financial services provider reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.39 by $0.14. The financial services provider had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.50 billion. Assurant had a return on equity of 9.51% and a net margin of 3.75%. During the same period in the prior year, the business earned $0.77 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 Tuesday, January 14th. Investors of record on Monday, February 24th will be given a dividend of $0.63 per share on Monday, March 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, February 21st. View Assurant's dividend history.

How will Assurant's stock buyback program work?

Assurant announced that its board has approved a share buyback plan on Monday, November 5th 2018, which permits the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

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

Assurant updated its FY 2020 After-Hours earnings guidance on Tuesday, February, 11th. The company provided earnings per share guidance of 10.13-10.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.74.

What price target have analysts set for AIZ?

3 brokers have issued 1-year target prices for Assurant's shares. Their forecasts range from $145.00 to $158.00. On average, they anticipate Assurant's share price to reach $151.33 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price. View analysts' price targets for Assurant.

Has Assurant been receiving favorable news coverage?

Media stories about AIZ stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Assurant earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutAssurant.

Are investors shorting Assurant?

Assurant saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,000,700 shares, an increase of 9.3% from the February 27th total of 1,830,000 shares. Based on an average daily volume of 405,900 shares, the days-to-cover ratio is currently 4.9 days. Currently, 3.4% of the shares of the stock are sold short. View Assurant's Current Options Chain.

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), NIC (EGOV), Allergan (AGN), Athabasca Oil (ATH), Zoetis (ZTS), Aegean Marine Petroleum Network (ANW) and Micron Technology (MU).

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. VP
  • Mr. 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 many different retail and institutional investors. Top institutional investors include State Street Corp (5.13%), Lyrical Asset Management LP (2.65%), Bank of New York Mellon Corp (2.52%), FMR LLC (1.99%), Geode Capital Management LLC (1.62%) and Massachusetts Financial Services Co. MA (1.60%). 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 institutional investors are selling Assurant stock?

AIZ stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Wedge Capital Management L L P NC, Bank of New York Mellon Corp, Citigroup Inc., Cubist Systematic Strategies LLC, USS Investment Management Ltd, Comerica Bank, and Lyrical Asset Management LP. Company insiders that have sold Assurant company stock in the last year include Charles John Koch, Gene Mergelmeyer, Michael P Campbell, and Tammy L Schultz. View insider buying and selling activity for Assurant.

Which institutional investors are buying Assurant stock?

AIZ stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Nuveen Asset Management LLC, Janus Henderson Group PLC, AQR Capital Management LLC, Goldman Sachs Group Inc., Martingale Asset Management L P, Credit Suisse AG, and Macquarie Group Ltd.. 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 $104.70.

How big of a company is Assurant?

Assurant has a market capitalization of $6.26 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. View additional information about Assurant.

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:  2.0 out of 5 (star star)
Outperform Votes:  240 (Vote Outperform)
Underperform Votes:  367 (Vote Underperform)
Total Votes:  607
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 3/29/2020 by MarketBeat.com Staff

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