Assurant - AIZ Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AIZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIZ, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 1 year price targets for Assurant's shares. Their AIZ share price forecasts range from $133.00 to $170.00. On average, they predict the company's share price to reach $154.75 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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Assurant's stock was trading at $125.06 at the beginning of the year. Since then, AIZ stock has increased by 6.0% and is now trading at $132.59.
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Assurant saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,000,000 shares, an increase of 6.8% from the December 31st total of 936,000 shares. Based on an average daily trading volume, of 576,700 shares, the short-interest ratio is currently 1.7 days. Approximately 1.9% 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, February 7th 2023.
View our AIZ earnings forecast.

Assurant will be holding an earnings conference call on Wednesday, February 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Assurant, Inc. (NYSE:AIZ) posted 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 analysts' expectations 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 prior year, the business posted $1.41 EPS.
Read the conference call transcript.

Assurant announced a quarterly dividend on Thursday, January 19th. Investors of record on Monday, February 27th will be given a dividend of $0.70 per share on Monday, March 20th. This represents a $2.80 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, February 24th.
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 2.15%. 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 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 22.73% 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 has approved a share repurchase program on Thursday, May 13th 2021, which permits the company to repurchase $900,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.45%), Mountain Pacific Investment Advisers Inc. ID (0.35%), Wedge Capital Management L L P NC (0.28%), Calamos Advisors LLC (0.23%), New York State Teachers Retirement System (0.13%) and New York State Common Retirement Fund (0.13%). Insiders that own company stock include Alan B Colberg, 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 $132.59.

Assurant (NYSE:AIZ) has a market capitalization of $7.00 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.