NYSE:AIZ Assurant - AIZ Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Assurant, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $120.07 +1.42 (+1.20%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$118.84▼$120.5950-Day Range$104.92▼$135.6552-Week Range$104.49▼$194.12Volume476,023 shsAverage Volume434,657 shsMarket Capitalization$6.35 billionP/E Ratio24.26Dividend Yield2.33%Price Target$130.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Assurant MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside8.3% Upside$130.00 Price TargetShort InterestHealthy2.07% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.72Upright™ Environmental ScoreNews Sentiment0.65Based on 3 Articles This WeekInsider TradingSelling Shares$69,132 Sold Last QuarterProj. Earnings Growth16.41%From $11.52 to $13.41 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.87 out of 5 starsFinance Sector202nd out of 891 stocksInsurance Carriers, Not Elsewhere Classified Industry1st out of 3 stocks 1.3 Analyst's Opinion Consensus RatingAssurant has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $130.00, Assurant has a forecasted upside of 8.3% from its current price of $120.07.Amount of Analyst CoverageAssurant has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.07% of the float of Assurant has been sold short.Short Interest Ratio / Days to CoverAssurant has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Assurant has recently decreased by 1.82%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldAssurant pays a meaningful dividend of 2.41%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAssurant has been increasing its dividend for 18 years.Dividend CoverageThe dividend payout ratio of Assurant is 56.57%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Assurant will have a dividend payout ratio of 20.88% next year. This indicates that Assurant will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAssurant has received a 36.11% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Life annuities", "Home insurance services for individuals", and "Mortgages" products. See details.Environmental SustainabilityThe Environmental Impact score for Assurant is -0.72. Previous Next 2.0 News and Social Media Coverage News SentimentAssurant has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Assurant this week, compared to 5 articles on an average week.Search Interest2 people have searched for AIZ on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Assurant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Assurant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $69,132.00 in company stock.Percentage Held by InsidersOnly 0.39% of the stock of Assurant is held by insiders.Percentage Held by Institutions95.86% of the stock of Assurant is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Assurant are expected to grow by 16.41% in the coming year, from $11.52 to $13.41 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Assurant is 24.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Assurant is 24.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 136.31.Price to Earnings Growth RatioAssurant has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioAssurant has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Assurant (NYSE:AIZ) StockAssurant, Inc. engages in the provision of lifestyle and housing solutions of consumer purchases. It operates through Global Lifestyle and Global Housing segments. 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. The Global Housing segment includes lender-placed homeowners' insurance, lender-placed manufactured housing insurance and lender-placed flood insurance, renters' insurance and related products, and voluntary manufactured housing insurance, voluntary homeowners' insurance and other specialty products. The company was founded in 1892 and is headquartered in Atlanta, GA.Read More Receive AIZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Assurant and its competitors with MarketBeat's FREE daily newsletter. Email Address AIZ Stock News HeadlinesMarch 29, 2023 | finance.yahoo.comAssurant Recognized by Fortune As One of America’s Most Innovative Companies 2023March 23, 2023 | americanbankingnews.comAssurant (NYSE:AIZ) Raised to Outperform at Keefe, Bruyette & WoodsMarch 31, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 13, 2023 | finance.yahoo.comAssurant Appoints Rajiv Basu to Its Board of DirectorsMarch 9, 2023 | finance.yahoo.comAssurant (AIZ) Down 7.1% Since Last Earnings Report: Can It Rebound?March 7, 2023 | finance.yahoo.comAssurant (AIZ) Banks on Solid Segmental Growth Amid Cost WoesFebruary 26, 2023 | finance.yahoo.comPulling back 3.3% this week, Assurant's NYSE:AIZ) five-year decline in earnings may be coming into investors focusFebruary 23, 2023 | finance.yahoo.comU.S. Mobile Trade-in Programs Returned Record-Breaking $3.8B to Consumers in 2022March 31, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. February 7, 2023 | finance.yahoo.comAssurant Reports Fourth Quarter and Full-Year 2022 Financial ResultsFebruary 7, 2023 | finance.yahoo.comAssurant (AIZ) Surpasses Q4 Earnings and Revenue EstimatesFebruary 3, 2023 | finance.yahoo.comAssurant Earns 2023 Great Place to Work Certification™ in the U.S.January 25, 2023 | finance.yahoo.comAssurant Partners with Altelium to Advance Battery Electric Vehicle Protection and Products Through Accelerated EV Battery Analytics & Consumer InsightsJanuary 20, 2023 | finance.yahoo.comNew Assurant Vehicle Care Brings Enhanced Protection Products and a Comprehensive Digital Consumer ExperienceJanuary 19, 2023 | finance.yahoo.comAssurant Board of Directors Declares Quarterly Dividend of $0.70 per Common ShareJanuary 12, 2023 | finance.yahoo.comCPR Cell Phone Repair Ranked No. 1 In Entrepreneur Franchise 500 For Second Consecutive YearJanuary 12, 2023 | finance.yahoo.comGuidewire and Assurant Partner to Streamline Insurance Processes and Improve Customer ExperienceJanuary 11, 2023 | finance.yahoo.comAssurant to Announce Fourth Quarter and Full Year 2022 Financial ResultsJanuary 10, 2023 | seekingalpha.comAssurant Is Trading At A Nearly 5-Year Low Valuation LevelDecember 19, 2022 | finance.yahoo.comDeclining Stock and Decent Financials: Is The Market Wrong About Assurant, Inc. (NYSE:AIZ)?December 14, 2022 | finance.yahoo.comAssurant Aims to Reduce Greenhouse Gas Emissions by 40 Percent by 2030December 1, 2022 | finance.yahoo.comWhy Is Assurant (AIZ) Down 2.1% Since Last Earnings Report?November 28, 2022 | finance.yahoo.comNew Strong Sell Stocks for November 28thNovember 20, 2022 | finance.yahoo.comFour Days Left Until Assurant, Inc. (NYSE:AIZ) Trades Ex-DividendNovember 15, 2022 | finance.yahoo.comU.S. Mobile Trade-In Programs Saw a 28% Year-on-Year Growth of Money Returned to Consumers in Q3November 14, 2022 | finance.yahoo.comAssurant (NYSE:AIZ) Is Paying Out A Larger Dividend Than Last YearNovember 14, 2022 | finance.yahoo.comAssurant Raises More Than $340,000 for United Way in Annual Global 5K RaceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AIZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Assurant and its competitors with MarketBeat's FREE daily newsletter. Email Address AIZ Company Calendar Last Earnings11/02/2021Ex-Dividend for 3/20 Dividend2/24/2023Dividend Payable3/20/2023Today3/31/2023Next Earnings (Estimated)5/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Insurance carriers, not elsewhere classified Sub-IndustryMulti-line Insurance SectorFinance Current SymbolNYSE:AIZ CUSIP04621X10 CIK1267238 Webwww.assurant.com Phone(770) 763-1000Fax212-859-5893Employees13,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$130.00 High Stock Price Forecast$170.00 Low Stock Price Forecast$52.00 Forecasted Upside/Downside+8.0%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.95 Trailing P/E Ratio24.31 Forward P/E Ratio10.44 P/E Growth0.85Net Income$276.60 million Net Margins2.68% Pretax Margin3.43% Return on Equity13.52% Return on Assets1.84% Debt Debt-to-Equity Ratio0.50 Current Ratio0.42 Quick Ratio0.42 Sales & Book Value Annual Sales$10.19 billion Price / Sales0.62 Cash Flow$15.53 per share Price / Cash Flow7.75 Book Value$80.04 per share Price / Book1.50Miscellaneous Outstanding Shares52,920,000Free Float52,714,000Market Cap$6.37 billion OptionableOptionable Beta0.54 Key ExecutivesKeith Warner DemmingsPresident, Chief Executive Officer & DirectorKeith Roland MeierChief Operating OfficerRichard Steven DziadzioChief Financial Officer, Treasurer & Executive VPJoseph A. SurberChief Technology Officer & Senior Vice PresidentRobert A. LonerganExecutive VP, Chief Strategy & Risk OfficerKey CompetitorsStifel FinancialNYSE:SFNew York Community BancorpNYSE:NYCBBrixmor Property GroupNYSE:BRXPrimericaNYSE:PRIOmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsMetropolitan Life Insurance Co. NYSold 112 shares on 3/31/2023Ownership: 0.006%Neo Ivy Capital ManagementBought 2,496 shares on 3/27/2023Ownership: 0.005%MetLife Investment Management LLCSold 326 shares on 3/23/2023Ownership: 0.026%Rockefeller Capital Management L.P.Sold 375 shares on 3/6/2023Ownership: 0.002%Voya Investment Management LLCSold 293,238 shares on 2/28/2023Ownership: 0.123%View All Insider TransactionsView All Institutional Transactions AIZ Stock - Frequently Asked Questions Should I buy or sell Assurant stock right now? 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. View AIZ analyst ratings or view top-rated stocks. What is Assurant's stock price forecast for 2023? 3 analysts have issued 1 year price objectives for Assurant's stock. Their AIZ share price forecasts range from $52.00 to $170.00. On average, they predict the company's stock price to reach $130.00 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View analysts price targets for AIZ or view top-rated stocks among Wall Street analysts. How have AIZ shares performed in 2023? Assurant's stock was trading at $125.06 at the beginning of the year. Since then, AIZ stock has decreased by 4.1% and is now trading at $119.97. View the best growth stocks for 2023 here. Are investors shorting Assurant? Assurant saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,100,000 shares, an increase of 5.8% from the February 13th total of 1,040,000 shares. Based on an average trading volume of 420,500 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.1% of the company's stock are sold short. View Assurant's Short Interest. When is Assurant's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023. View our AIZ earnings forecast. How were Assurant's earnings last quarter? Assurant, Inc. (NYSE:AIZ) released its quarterly earnings results on Tuesday, November, 2nd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 13.52% and a net margin of 2.68%. During the same period in the prior year, the firm earned $1.41 EPS. Read the conference call transcript. How often does Assurant pay dividends? What is the dividend yield for Assurant? Assurant declared a quarterly dividend on Thursday, January 19th. Stockholders 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 dividend yield of 2.33%. The ex-dividend date is Friday, February 24th. Read our dividend analysis for AIZ. What ETFs hold Assurant's stock? 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), Invesco S&P 500 Equal Weight Financials ETF (RYF), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 GARP ETF (SPGP), Invesco S&P 500 Pure Value ETF (RPV), iShares U.S. Insurance ETF (IAK) and Fidelity Low Volatility Factor ETF (FDLO). Is Assurant a good dividend stock? Assurant (NYSE:AIZ) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.41%. 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 56.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 20.88% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AIZ. How will Assurant's stock buyback program work? Assurant announced that its board has authorized a share buyback plan on Thursday, May 13th 2021, which permits the company to buyback $900,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued. What is Alan Colberg's approval rating as Assurant's CEO? 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. 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 many different institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (10.78%), Geode Capital Management LLC (2.25%), Dimensional Fund Advisors LP (1.75%), Morgan Stanley (1.72%), Price T Rowe Associates Inc. MD (1.59%) and Macquarie Group Ltd. (1.48%). 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. How do I buy shares of Assurant? 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. Compare Top Brokerages Here. What is Assurant's stock price today? One share of AIZ stock can currently be purchased for approximately $119.97. How much money does Assurant make? Assurant (NYSE:AIZ) has a market capitalization of $6.35 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 $4.95 on an earnings per share basis. How many employees does Assurant have? The company employs 13,700 workers across the globe. How can I contact Assurant? 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. This page (NYSE:AIZ) was last updated on 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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