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NYSE:AIZAssurant Stock Price, Forecast & News

$101.53
+1.36 (+1.36 %)
(As of 07/14/2020 04:00 PM ET)
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Today's Range
$100.21
Now: $101.53
$102.00
50-Day Range
$97.56
MA: $104.57
$117.41
52-Week Range
$76.27
Now: $101.53
$142.61
Volume278,400 shs
Average Volume507,154 shs
Market Capitalization$6.06 billion
P/E Ratio17.94
Dividend Yield2.52%
Beta0.55
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: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.38 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$10.76 per share
Book Value$93.66 per share

Profitability

Net Income$382.60 million

Miscellaneous

Employees14,200
Market Cap$6.06 billion
Next Earnings Date8/4/2020 (Confirmed)
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 reached pandemic status according to the World Health Organization. Since then, AIZ stock has decreased by 6.3% and is now trading at $101.53. 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 can I listen to Assurant's earnings call?

Assurant will be holding an earnings conference call on Tuesday, August 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings data on Tuesday, May, 5th. The financial services provider reported $2.64 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.42 by $0.22. The financial services provider had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.54 billion. Assurant had a net margin of 3.59% and a return on equity of 10.03%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 EPS. View Assurant's earnings history.

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

Assurant declared a quarterly dividend on Friday, July 10th. Stockholders of record on Monday, August 31st will be given a dividend of $0.63 per share on Tuesday, September 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, August 28th. View Assurant's dividend history.

How will Assurant's stock buyback program work?

Assurant declared that its Board of Directors has authorized a stock buyback plan on Monday, November 5th 2018, which permits the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

What price target have analysts set for AIZ?

3 Wall Street analysts have issued 12-month price objectives for Assurant's stock. Their forecasts range from $128.00 to $158.00. On average, they expect Assurant's share price to reach $143.67 in the next year. This suggests a possible upside of 41.5% from the stock's current price. View analysts' price targets for Assurant.

Has Assurant been receiving favorable news coverage?

Press coverage about AIZ stock has trended extremely negative recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -4.3 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the next several days. View the latest news about Assurant.

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 many different retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.91%), Mountain Pacific Investment Advisers Inc. ID (0.24%), Legacy Capital Partners Inc. (0.05%), Envestnet Asset Management Inc. (0.03%), Municipal Employees Retirement System of Michigan (0.02%) and IFM Investors Pty Ltd (0.01%). 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 Municipal Employees Retirement System of Michigan, and IFM Investors Pty Ltd. 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 Wedge Capital Management L L P NC, Legacy Capital Partners Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, Alpha Windward LLC, Mountain Pacific Investment Advisers Inc. ID, and Envestnet Asset Management Inc.. 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 $101.53.

How big of a company is Assurant?

Assurant has a market capitalization of $6.06 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 7/15/2020 by MarketBeat.com Staff

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