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NYSE:AIZAssurant Stock Price, Forecast & News

$102.58
-0.91 (-0.88 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$101.70
Now: $102.58
$103.37
50-Day Range
$87.76
MA: $102.03
$112.39
52-Week Range
$76.27
Now: $102.58
$142.61
Volume451,470 shs
Average Volume618,897 shs
Market Capitalization$6.12 billion
P/E Ratio18.12
Dividend Yield2.43%
Beta0.58
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars


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$10.53 per share
Book Value$90.25 per share

Profitability

Net Income$382.60 million

Miscellaneous

Employees14,200
Market Cap$6.12 billion
Next Earnings Date8/4/2020 (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 Coronavirus reached pandemic status according to the World Health Organization. Since then, AIZ stock has decreased by 5.4% and is now trading at $102.58. View which stocks have been most 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 Tuesday, August 4th 2020. View our earnings forecast for Assurant.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) issued its earnings results on Tuesday, May, 5th. The financial services provider reported $2.64 EPS for the quarter, topping the Zacks' consensus estimate of $2.42 by $0.22. The financial services provider earned $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. Assurant had a net margin of 3.59% and a return on equity of 10.03%. Assurant's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 earnings per share. View Assurant's earnings history.

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

Assurant declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, May 26th will be given a dividend of $0.63 per share on Tuesday, June 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 22nd. View Assurant's dividend history.

How will Assurant's stock buyback program work?

Assurant declared that its board has approved a stock 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 generally a sign that the company's management believes its stock is undervalued.

What price target have analysts set for AIZ?

3 analysts have issued 1-year price targets for Assurant's stock. Their forecasts range from $125.00 to $158.00. On average, they expect Assurant's share price to reach $142.67 in the next year. This suggests a possible upside of 39.1% from the stock's current price. View analysts' price targets for Assurant.

Has Assurant been receiving favorable news coverage?

News coverage about AIZ stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. 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 coverage optimism score of 2.0 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact 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 during the month of May. As of May 15th, there was short interest totaling 2,300,000 shares, an increase of 10.0% from the April 30th total of 2,090,000 shares. Based on an average daily volume of 547,600 shares, the days-to-cover ratio is presently 4.2 days. Currently, 3.9% of the shares of the stock are short sold. 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), Allergan (AGN), NIC (EGOV), Athabasca Oil (ATH), Zoetis (ZTS), Starbucks (SBUX) and Walmart (WMT).

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.07%), Wellington Management Group LLP (5.47%), State Street Corp (5.10%), Viking Global Investors LP (3.60%), Bank of New York Mellon Corp (2.89%) and Invesco Ltd. (2.60%). 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 Wellington Management Group LLP, Wells Fargo & Company MN, Lyrical Asset Management LP, Invesco Ltd., BlackRock Inc., Eaton Vance Management, Public Sector Pension Investment Board, and UBS Group AG. 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 Viking Global Investors LP, Samlyn Capital LLC, Bank of New York Mellon Corp, Prana Capital Management LP, Sumitomo Mitsui Trust Holdings Inc., Banco Santander S.A., Janus Henderson Group PLC, and Nissay Asset Management Corp Japan ADV. 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 $102.58.

How big of a company is Assurant?

Assurant has a market capitalization of $6.12 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.

What is Assurant's official website?

The official website for Assurant is 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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