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NYSE:AIZ

Assurant - AIZ Stock Forecast, Price & News

$161.91
+3.79 (+2.40%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$159.25
$161.97
50-Day Range
$154.10
$185.58
52-Week Range
$144.18
$194.12
Volume
301,557 shs
Average Volume
436,694 shs
Market Capitalization
$8.62 billion
P/E Ratio
7.89
Dividend Yield
1.72%
Price Target
$200.00

Assurant MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
23.5% Upside
$200.00 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
-0.24mentions of Assurant in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.15%
From $12.41 to $14.29 Per Share

Overall MarketRank

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

3.00 out of 5 stars

Finance Sector

31st out of 906 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 3 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.

Assurant Price Performance

Shares of AIZ Stock traded up $3.44 on Wednesday, reaching $161.56. 8,643 shares of the company were exchanged, compared to its average volume of 487,132. Assurant has a 1 year low of $144.18 and a 1 year high of $194.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.40 and a current ratio of 0.40. The business has a 50-day moving average price of $171.73 and a 200 day moving average price of $173.69. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.74 and a beta of 0.53.

Assurant (NYSE:AIZ - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $2.95 EPS for the quarter, missing the consensus estimate of $3.18 by ($0.23). Assurant had a return on equity of 11.61% and a net margin of 11.80%. During the same period in the previous year, the business earned $2.99 EPS. Equities research analysts forecast that Assurant will post 12.41 earnings per share for the current fiscal year.

Assurant Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Monday, August 29th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, August 26th. This represents a $2.72 dividend on an annualized basis and a yield of 1.68%. Assurant's payout ratio is currently 13.26%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AIZ shares. Piper Sandler lowered shares of Assurant from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $205.00 to $185.00 in a research note on Friday, June 24th. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, August 3rd.

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AIZ Stock News Headlines

Assurant (NYSE:AIZ) Cut to Hold at StockNews.com
Assurant (NYSE:AIZ) Shares Down 8% After Earnings Miss
Assurant Reports Second Quarter 2022 Financial Results
Insurance Stocks' Earnings on Aug 1: AIZ, PRU & More
Assurant (AIZ) Set to Announce Earnings on Tuesday
See More Headlines
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AIZ Company Calendar

Ex-Dividend for 6/20 Dividend
5/27/2022
Dividend Payable
6/20/2022
Last Earnings
8/02/2022
Today
8/11/2022
Ex-Dividend for 9/19 Dividend
8/26/2022
Dividend Payable
9/19/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

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
$200.00
High Stock Price Forecast
$220.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
+23.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$1.37 billion
Pretax Margin
5.79%

Debt

Sales & Book Value

Annual Sales
$10.19 billion
Cash Flow
$15.16 per share
Book Value
$83.81 per share

Miscellaneous

Free Float
53,001,000
Market Cap
$8.62 billion
Optionable
Optionable
Beta
0.53

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. 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 1 hold rating 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 2022?

3 Wall Street research analysts have issued 12 month price objectives for Assurant's shares. Their AIZ share price forecasts range from $180.00 to $220.00. On average, they anticipate the company's share price to reach $200.00 in the next year. This suggests a possible upside of 23.5% 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 2022. Since then, AIZ shares have increased by 3.9% and is now trading at $161.91.
View the best growth stocks for 2022 here
.

Are investors shorting Assurant?

Assurant saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 900,400 shares, an increase of 23.3% from the July 15th total of 730,500 shares. Based on an average daily trading volume, of 492,800 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the company's 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, November 1st 2022.
View our AIZ earnings forecast
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) issued its earnings results on Tuesday, August, 2nd. The financial services provider reported $2.95 EPS for the quarter, missing the consensus estimate of $3.18 by $0.23. Assurant had a net margin of 11.80% and a trailing twelve-month return on equity of 11.61%. During the same quarter last year, the company posted $2.99 EPS.
Read the conference call transcript
.

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

Assurant announced a quarterly dividend on Thursday, August 4th. Investors of record on Monday, August 29th will be given a dividend of $0.68 per share on Monday, September 19th. This represents a $2.72 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, August 26th.
Read our dividend analysis for AIZ
.

Is Assurant a good dividend stock?

Assurant (NYSE:AIZ) pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.72%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 13.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 19.03% 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 announced that its board has approved a share repurchase plan 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 reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are generally a sign 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 FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $12.84-$13.29 for the period, compared to the consensus estimate of $12.79. 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 variety of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.80%), Los Angeles Capital Management LLC (0.77%), TD Asset Management Inc. (0.67%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Swiss National Bank (0.45%) and Artemis Investment Management LLP (0.43%). Insiders that own company stock include Alan B Colberg, Charles John Koch, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II, Michael P Campbell, Robert Lonergan and Tammy L Schultz.
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 $161.91.

How much money does Assurant make?

Assurant (NYSE:AIZ) has a market capitalization of $8.62 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 $20.51 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 8/11/2022 by MarketBeat.com Staff

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