Assurant - AIZ Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" AIZ shares.
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3 Wall Street analysts have issued 1 year price objectives for Assurant's shares. Their AIZ share price forecasts range from $180.00 to $220.00. On average, they anticipate the company's share price to reach $200.00 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price.
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Assurant's stock was trading at $155.86 on January 1st, 2022. Since then, AIZ shares have increased by 7.3% and is now trading at $167.26.
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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 daily trading volume, of 492,800 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.7% of the company's shares are short sold.
View Assurant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our AIZ earnings forecast.

Assurant, Inc. (NYSE:AIZ) released its earnings results on Tuesday, August, 2nd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.18 by $0.23. Assurant had a trailing twelve-month return on equity of 11.61% and a net margin of 11.80%. During the same period in the previous year, the firm posted $2.99 EPS.
Read the conference call transcript.

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 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, August 26th.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.64%. 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.

Assurant announced that its Board of Directors has approved 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 reacquire up to 9.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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 earnings per share estimate of $12.79. 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 variety of retail and institutional investors. Top institutional shareholders include FMR LLC (6.73%), State Street Corp (5.45%), Massachusetts Financial Services Co. MA (2.02%), Northern Trust Corp (1.38%), California Public Employees Retirement System (0.80%) and Los Angeles Capital Management LLC (0.77%). 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.
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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 $167.26.

Assurant (NYSE:AIZ) has a market capitalization of $8.90 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.

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.