NYSE:AIZAssurant Stock Price, Forecast & News

Assurant's stock was trading at $108.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AIZ stock has decreased by 4.8% and is now trading at $103.18. View which stocks have been most impacted by Coronavirus.

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.

Assurant is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Assurant.

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings results on Tuesday, May, 5th. The financial services provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.22. The financial services provider earned $2.57 billion during the quarter, compared to analysts' expectations of $2.54 billion. Assurant had a return on equity of 10.03% and a net margin of 3.59%. The firm's revenue for the quarter 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.

Assurant declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.63 per share on Tuesday, June 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, May 22nd. View Assurant's dividend history.

Assurant announced that its Board of Directors has initiated a stock repurchase program on Monday, November 5th 2018, which permits the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

3 brokerages have issued 12 month target prices for Assurant's stock. Their forecasts range from $125.00 to $158.00. On average, they expect Assurant's stock price to reach $142.67 in the next year. This suggests a possible upside of 38.3% from the stock's current price. View analysts' price targets for Assurant.

Media stories about AIZ stock have trended somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news 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 media sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutAssurant.

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 short-interest ratio is currently 4.2 days. Approximately 3.9% of the shares of the company are short sold. View Assurant's Current Options Chain.

Some companies that are related to Assurant include American International Group (AIG), Hartford Financial Services Group (HIG), Loews (L), American Financial Group (AFG), Kemper (KMPR), American National Insurance (ANAT), Genworth Financial (GNW) and Horace Mann Educators (HMN). View all competitors.

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).

Assurant trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIZ."

Assurant's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.

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.

AIZ stock was bought 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.

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.

One share of AIZ stock can currently be purchased for approximately $103.18.

Assurant has a market capitalization of $6.15 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.

The official website for Assurant is www.assurant.com.

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]