Assurant - AIZ Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIZ shares.
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4 analysts have issued 12-month price objectives for Assurant's stock. Their AIZ share price forecasts range from $151.00 to $185.00. On average, they predict the company's stock price to reach $170.20 in the next year. This suggests a possible upside of 34.7% from the stock's current price.
View analysts price targets for AIZ or view top-rated stocks among Wall Street analysts.

Assurant's stock was trading at $155.86 at the beginning of the year. Since then, AIZ shares have decreased by 18.9% and is now trading at $126.39.
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Assurant saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 1,030,000 shares, a decline of 8.0% from the October 31st total of 1,120,000 shares. Based on an average trading volume of 507,500 shares, the short-interest ratio is presently 2.0 days. Approximately 2.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our AIZ earnings forecast.

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings results on Tuesday, November, 2nd. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.90 by $0.49. The financial services provider earned $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. Assurant had a trailing twelve-month return on equity of 12.00% and a net margin of 3.25%. During the same period in the previous year, the business earned $1.41 EPS.
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Assurant declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Monday, November 28th will be given a dividend of $0.70 per share on Monday, December 19th. This represents a $2.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, November 25th. This is an increase from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.24%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 21.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

Assurant declared that its Board of Directors has authorized a stock repurchase program 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 repurchase up to 9.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Assurant issued an update on its third quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $2.81-$2.81 for the period, compared to the consensus earnings per share estimate of $1.90. The company issued revenue guidance of -.

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.

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).

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

Assurant's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.68%), BlackRock Inc. (10.17%), State Street Corp (5.34%), Bank of New York Mellon Corp (4.95%), Massachusetts Financial Services Co. MA (2.04%) and Dimensional Fund Advisors LP (1.77%). Insiders that own company stock include Alan B Colberg, Charles John Koch, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II and Robert Lonergan.
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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.
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One share of AIZ stock can currently be purchased for approximately $126.39.

Assurant (NYSE:AIZ) has a market capitalization of $6.68 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 $5.82 on an earnings per share basis.

The company employs 15,600 workers across the globe.

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.