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S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
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Closing prices for crude oil, gold and other commodities
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Look at Honeywell for a Steady and Diversified Stock
Can You Guess Which EV Stock Is Beating Tesla ?
Big climate bill; Spending green bucks to boost green energy
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Closing prices for crude oil, gold and other commodities
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Look at Honeywell for a Steady and Diversified Stock
Can You Guess Which EV Stock Is Beating Tesla ?
Big climate bill; Spending green bucks to boost green energy
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
NYSE:AIZ

Assurant - AIZ Stock Forecast, Price & News

$163.44
+1.53 (+0.94%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$162.23
$163.96
50-Day Range
$154.10
$185.58
52-Week Range
$144.18
$194.12
Volume
402,027 shs
Average Volume
433,080 shs
Market Capitalization
$8.70 billion
P/E Ratio
7.97
Dividend Yield
1.68%
Price Target
$200.00

Assurant MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
22.4% 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
-0.15mentions of Assurant in the last 14 days
Based on 20 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

88th out of 920 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 5 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 Stock Performance

Shares of AIZ Stock traded up $1.89 during trading on Thursday, hitting $163.80. The company's stock had a trading volume of 5,763 shares, compared to its average volume of 436,694. The business has a fifty day moving average of $171.40 and a 200-day moving average of $173.61. Assurant has a 52 week low of $144.18 and a 52 week high of $194.12. The company has a market cap of $8.72 billion, a PE ratio of 7.98, a P/E/G ratio of 0.73 and a beta of 0.53. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.48.

Assurant (NYSE:AIZ - Get Rating) last posted its earnings results on Tuesday, August 2nd. The financial services provider reported $2.95 earnings per share (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 prior year, the firm earned $2.99 earnings per share. As a group, research analysts anticipate that Assurant will post 12.41 earnings per share for the current year.

Assurant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Monday, August 29th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, August 26th. This represents a $2.72 annualized dividend and a yield of 1.66%. Assurant's payout ratio is 13.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIZ. Piper Sandler lowered Assurant from an "overweight" rating to a "neutral" rating and cut their price target for the company 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 note 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
8/12/2022
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
+22.4%
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
$14.94 per share
Book Value
$83.81 per share

Miscellaneous

Free Float
53,001,000
Market Cap
$8.70 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 research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 12 month price objectives for Assurant's stock. Their AIZ share price forecasts range from $180.00 to $220.00. On average, they expect the company's share price to reach $200.00 in the next year. This suggests a possible upside of 22.4% 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 stock has increased by 4.9% and is now trading at $163.44.
View the best growth stocks for 2022 here
.

Are investors shorting Assurant?

Assurant saw a increase in short interest in 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 trading volume of 492,800 shares, the short-interest ratio is presently 1.8 days. Currently, 1.7% of the shares of the company 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 quarterly earnings results on Tuesday, August, 2nd. The financial services provider reported $2.95 earnings per share (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 period in the previous year, the business posted $2.99 earnings per share.
Read the conference call transcript
.

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

Assurant declared a quarterly dividend on Thursday, August 4th. Shareholders 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 dividend yield of 1.66%. The ex-dividend date 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 1.68%. 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 declared that its board has initiated a stock buyback program on Thursday, May 13th 2021, which permits the company to buyback $900,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are 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 (EPS) 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 shareholders 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%), Deutsche Bank AG (0.60%) and Swiss National Bank (0.45%). 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 $163.44.

How much money does Assurant make?

Assurant (NYSE:AIZ) has a market capitalization of $8.70 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 8/12/2022 by MarketBeat.com Staff

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