Assurant (AIZ) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIZ shares.
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3 brokers have issued 1 year price targets for Assurant's shares. Their AIZ share price forecasts range from $52.00 to $170.00. On average, they expect the company's share price to reach $136.00 in the next year. This suggests a possible upside of 10.2% 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 $125.06 at the start of the year. Since then, AIZ stock has decreased by 1.3% and is now trading at $123.38.
View the best growth stocks for 2023 here.

Assurant saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 732,100 shares, a decline of 8.8% from the April 30th total of 802,500 shares. Based on an average trading volume of 425,800 shares, the short-interest ratio is presently 1.7 days. Approximately 1.4% of the company's stock are short sold.
View Assurant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our AIZ earnings forecast.

Assurant, Inc. (NYSE:AIZ) released its quarterly earnings data on Tuesday, May, 2nd. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $1.17. The financial services provider had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.60 billion. Assurant had a net margin of 2.33% and a trailing twelve-month return on equity of 13.47%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $3.75 EPS.
Read the conference call transcript.

Assurant declared a quarterly dividend on Thursday, May 11th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.70 per share on Tuesday, June 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, May 26th.
Read our dividend analysis for AIZ.

ETFs with the largest weight of Assurant (NYSE:AIZ) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), SPDR S&P Insurance ETF (KIE), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 Equal Weight Financials ETF (RYF), Invesco S&P 500 GARP ETF (SPGP), Invesco S&P 500 Pure Value ETF (RPV), iShares U.S. Insurance ETF (IAK) and Fidelity Small-Mid Cap Opportunities ETF (FSMO).

Assurant (NYSE:AIZ) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.33%. 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 62.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 17.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.76%), State Street Corp (5.26%), FMR LLC (4.88%), Bank of New York Mellon Corp (3.46%), Geode Capital Management LLC (2.28%) and Dimensional Fund Advisors LP (1.73%). Insiders that own company stock include Alan B Colberg, Dimitry Dirienzo, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II and Robert Lonergan.
View institutional ownership trends.

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 $123.38.

Assurant (NYSE:AIZ) has a market capitalization of $6.56 billion and generates $10.19 billion in revenue each year. The financial services provider earns $276.60 million in net income (profit) each year or $4.48 on an earnings per share basis.

The company employs 13,700 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 (770) 763-1000, via email at investor.relations@assurant.com, or via fax at 212-859-5893.