NYSE:AIZ - Assurant Stock Price, News, & Analysis

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$98.21 +1.08 (+1.11 %)
(As of 02/18/2019 01:57 AM ET)
Previous Close$98.21
Today's Range$97.80 - $99.08
52-Week Range$82.31 - $111.43
Volume543,465 shs
Average Volume440,212 shs
Market Capitalization$6.09 billion
P/E Ratio16.93
Dividend Yield2.47%
Beta0.61
Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services. The Global Lifestyle segment offers mobile device protection products and related services, and extended service contracts for consumer electronics and appliances, as well as assistance services; vehicle protection services; and credit and other insurance services. Its Global Preneed segment provides pre-funded funeral insurance and annuity 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.

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Industry, Sector and Symbol

Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP04621X10
Phone212-859-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.06 billion
Cash Flow$4.4199 per share
Book Value$82.73 per share

Profitability

Net Income$519.60 million

Miscellaneous

Employees14,750
Market Cap$6.09 billion
OptionableOptionable

Assurant (NYSE:AIZ) Frequently Asked Questions

What is Assurant's stock symbol?

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

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

Assurant declared a quarterly dividend on Friday, January 18th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.60 per share on Monday, March 18th. This represents a $2.40 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, February 22nd. View Assurant's Dividend History.

How will Assurant's stock buyback program work?

Assurant declared that its board has authorized a stock buyback plan on Monday, November 5th 2018, which allows the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings data on Tuesday, February, 12th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.31. The financial services provider had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.25 billion. Assurant had a net margin of 3.06% and a return on equity of 6.92%. The company's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. View Assurant's Earnings History.

When is Assurant's next earnings date?

Assurant is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Assurant.

What price target have analysts set for AIZ?

4 Wall Street analysts have issued 1 year target prices for Assurant's shares. Their predictions range from $125.00 to $136.00. On average, they expect Assurant's stock price to reach $128.75 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Price Targets for Assurant.

What is the consensus analysts' recommendation for Assurant?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Assurant.

Has Assurant been receiving favorable news coverage?

Press coverage about AIZ stock has been trending somewhat positive recently, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Assurant earned a news impact score of 1.4 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of Assurant's key competitors?

Who are Assurant's key executives?

Assurant's management team includes the folowing people:
  • Mr. Alan B. Colberg, Pres, CEO & Director (Age 57)
  • Mr. Richard Steven Dziadzio, Exec. VP, CFO & Treasurer (Age 55)
  • Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 60)
  • Mr. Bart R. Schwartz, Exec. VP (Age 67)
  • Mr. Eric Greenman CFA, Chief Investment Officer & Exec. VP

Who are Assurant's major shareholders?

Assurant's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.84%), Dimensional Fund Advisors LP (3.11%), LSV Asset Management (1.91%), Bank of New York Mellon Corp (1.66%), Wedge Capital Management L L P NC (1.50%) and Massachusetts Financial Services Co. MA (1.38%). Company insiders that own Assurant stock include Christopher J Pagano, Gene Mergelmeyer and Tpg Advisors Vi-Aiv, Inc. View Institutional Ownership Trends for Assurant.

Which institutional investors are selling Assurant stock?

AIZ stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, LSV Asset Management, Wedge Capital Management L L P NC, Assenagon Asset Management S.A., Hennessy Advisors Inc., Millennium Management LLC, Dimensional Fund Advisors LP and USS Investment Management Ltd. Company insiders that have sold Assurant company stock in the last year include Christopher J Pagano, Gene Mergelmeyer and Tpg Advisors Vi-Aiv, Inc. View Insider Buying and Selling for Assurant.

Which institutional investors are buying Assurant stock?

AIZ stock was purchased by a variety of institutional investors in the last quarter, including Samlyn Capital LLC, Strycker View Capital LLC, Bessemer Group Inc., Prana Capital Management LP, Massachusetts Financial Services Co. MA, Mackay Shields LLC, Hsbc Holdings PLC and California Public Employees Retirement System. View Insider Buying and Selling for Assurant.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Assurant's stock price today?

One share of AIZ stock can currently be purchased for approximately $98.21.

How big of a company is Assurant?

Assurant has a market capitalization of $6.09 billion and generates $8.06 billion in revenue each year. The financial services provider earns $519.60 million in net income (profit) each year or $5.80 on an earnings per share basis. Assurant employs 14,750 workers across the globe.

What is Assurant's official website?

The official website for Assurant is http://www.assurant.com.

How can I contact Assurant?

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]


MarketBeat Community Rating for Assurant (NYSE AIZ)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  155 (Vote Outperform)
Underperform Votes:  306 (Vote Underperform)
Total Votes:  461
MarketBeat's community ratings are surveys of what our community members think about Assurant and other stocks. Vote "Outperform" if you believe AIZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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