S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:AIZ

Assurant (AIZ) Stock Forecast, Price & News

$176.17
-4.27 (-2.37%)
(As of 05/20/2022 12:00 AM ET)
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Today's Range
$173.93
$181.95
50-Day Range
$173.51
$193.12
52-Week Range
$144.18
$194.12
Volume
607,084 shs
Average Volume
470,194 shs
Market Capitalization
$9.53 billion
P/E Ratio
7.70
Dividend Yield
1.51%
Beta
0.56
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Assurant logo

About Assurant

Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products. The Global Housing segment provides lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, voluntary homeowners insurance, and other specialty 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
Insurance carriers, not elsewhere classified
Sub-Industry
Multi-line Insurance
Sector
Finance
CUSIP
04621X10
Employees
15,600
Year Founded
N/A

Sales & Book Value

Annual Sales
$10.19 billion
Cash Flow
$14.45 per share
Book Value
$92.84 per share

Profitability

Net Income
$1.37 billion
Pretax Margin
7.43%

Debt

Price-To-Earnings

Miscellaneous

Free Float
53,874,000
Market Cap
$9.53 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/21 Dividend
2/25/2022
Dividend Payable
3/21/2022
Last Earnings
5/03/2022
Today
5/22/2022
Ex-Dividend for 6/20 Dividend
5/27/2022
Dividend Payable
6/20/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

3.16 out of 5 stars

Finance Sector

39th out of 1,351 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 4 stocks

Analyst Opinion: 1.5Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 3.8 5 -4 -3 -2 -1 -













Assurant (NYSE:AIZ) Frequently Asked Questions

Is Assurant a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Assurant stock.
View analyst ratings for Assurant
or view top-rated stocks.

When is Assurant's next earnings date?

Assurant is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Assurant
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) posted its earnings results on Tuesday, May, 3rd. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.98. The financial services provider had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.62 billion. Assurant had a trailing twelve-month return on equity of 11.23% and a net margin of 13.23%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 earnings per share.
View Assurant's earnings history
.

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

Assurant declared a quarterly dividend on Thursday, May 12th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.68 per share on Monday, June 20th. This represents a $2.72 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, May 27th.
View Assurant's dividend history
.

Is Assurant a good dividend stock?

Assurant pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.51%. Assurant 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 of Assurant is 11.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Assurant will have a dividend payout ratio of 18.69% next year. This indicates that Assurant will be able to sustain or increase its dividend.
View Assurant's dividend history.

How will Assurant's stock buyback program work?

Assurant announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 13th 2021, which authorizes the company to repurchase $900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

What guidance has Assurant issued on next quarter's earnings?

Assurant updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $13.06-$13.51 for the period, compared to the consensus estimate of $12.36. The company issued revenue guidance of -.

What price target have analysts set for AIZ?

4 Wall Street analysts have issued 1-year price targets for Assurant's shares. Their forecasts range from $152.41 to $220.00. On average, they expect Assurant's share price to reach $193.48 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts' price targets for Assurant
or view top-rated stocks among Wall Street analysts.

Who are Assurant's key executives?
Assurant's management team includes the following people:
  • Mr. Keith Warner Demmings, Pres, CEO & Director (Age 49, Pay $1.69M)
  • Mr. Richard Steven Dziadzio, Exec. VP & CFO (Age 58, Pay $1.81M)
  • Ms. Francesca L. Luthi, Exec. VP & Chief Admin. Officer (Age 46, Pay $1.28M) (LinkedIn Profile)
  • Mr. Keith Roland Meier, Chief Operating Officer (Age 52)
  • Mr. Vadim Lipovetsky, Chief Investment Officer
  • Mr. Dimitry DiRienzo, Sr. VP, Chief Accounting Officer & Controller (Age 46)
  • Mr. Joseph A. Surber III, Sr. VP & Global Technology Officer
  • Ms. Suzanne Shepherd, Sr. VP of Investor Relations & Sustainability
  • Mr. John Pawloski, Sr. VP & Chief Compliance Officer
  • Mr. Jay E. Rosenblum, Exec. VP & Chief Legal Officer (Age 55)
What is Alan Colberg's approval rating as Assurant's CEO?

400 employees have rated Assurant CEO Alan Colberg on Glassdoor.com. Alan Colberg has an approval rating of 84% among Assurant's employees. 65.0% of employees surveyed would recommend working at Assurant to a friend.

What other stocks do shareholders of Assurant own?

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).

What is Assurant's stock symbol?

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

Who are Assurant's major shareholders?

Assurant's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.50%), BlackRock Inc. (9.20%), State Street Corp (5.73%), Bank of New York Mellon Corp (3.89%), Wellington Management Group LLP (3.64%) and Invesco Ltd. (3.00%). Company insiders that own Assurant stock include Alan B Colberg, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II and Robert Lonergan.
View institutional ownership trends for Assurant
.

Which major investors are selling Assurant stock?

AIZ stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Sumitomo Mitsui Trust Holdings Inc., Vanguard Group Inc., Massachusetts Financial Services Co. MA, BlackRock Inc., First Trust Advisors LP, Canada Pension Plan Investment Board, and Wedge Capital Management L L P NC. Company insiders that have sold Assurant company stock in the last year include Alan B Colberg, Francesca Luthi, Gene Mergelmeyer, and Robert Lonergan.
View insider buying and selling activity for Assurant
or view top insider-selling stocks.

Which major investors are buying Assurant stock?

AIZ stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Los Angeles Capital Management LLC, Tobam, Northern Trust Corp, Bank of New York Mellon Corp, Hsbc Holdings PLC, Lazard Asset Management LLC, and Allianz Asset Management GmbH.
View insider buying and selling activity for Assurant
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Assurant's stock price today?

One share of AIZ stock can currently be purchased for approximately $176.17.

How much money does Assurant make?

Assurant has a market capitalization of $9.53 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 $22.879990 on an earnings per share basis.

How many employees does Assurant have?

Assurant employs 15,600 workers across the globe.

What is Assurant's official website?

The official website for Assurant is 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, via email at [email protected], or via fax at 212-859-5893.

This page was last updated on 5/22/2022 by MarketBeat.com Staff

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