NYSE:AIZAssurant Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $98.75 -1.31 (-1.31 %) (As of 04/3/2020 04:00 PM ET) Add Compare Share Today's Range$97.56Now: $98.75▼$100.8750-Day Range$80.41MA: $116.32▼$142.5252-Week Range$76.27Now: $98.75▼$142.61Volume277,352 shsAverage Volume501,673 shsMarket Capitalization$5.91 billionP/E Ratio17.17Dividend Yield2.52%Beta0.66 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products. 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 and related 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.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingAssurant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $144.67, Assurant has a potential upside of 46.5% from its current price of $98.75.Amount of Analyst CoverageAssurant has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Community Rank Outperform VotesAssurant has received 243 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAssurant has received 368 “underperform” votes. (Add your “underperform” vote.)Community SentimentAssurant has received 60.23% “underperform” votes from our community.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. Previous Next 5.0 Dividend Strength Dividend LeadershipAssurant is a leading dividend payer. It pays a dividend yield of 2.52%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAssurant has been increasing its dividend for 16 years.Dividend CoverageThe dividend payout ratio of Assurant is 29.47 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Assurant will have a dividend payout ratio of 23.57 % next year. This indicates that Assurant will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Assurant insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.68% of the stock of Assurant is held by insiders.Percentage Held by Institutions95.71% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Assurant are expected to grow by 13.60% in the coming year, from $9.41 to $10.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Assurant is 17.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Assurant is 17.17, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 11.64.Price to Book Value per Share RatioAssurant has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.43 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Accident & health insurance Sub-IndustryMulti-line Insurance SectorFinance Current SymbolNYSE:AIZ Previous Symbol CUSIP04621X10 CIK1267238 Webhttp://www.assurant.com/ Phone212-859-7000Debt Debt-to-Equity Ratio0.35 Current Ratio0.48 Quick Ratio0.48Price-To-Earnings Trailing P/E Ratio17.17 Forward P/E Ratio10.49 P/E GrowthN/A Sales & Book Value Annual Sales$10.09 billion Price / Sales0.59 Cash Flow$10.28 per share Price / Cash Flow9.61 Book Value$93.66 per share Price / Book1.05Profitability EPS (Most Recent Fiscal Year)$8.55 Net Income$382.60 million Net Margins3.75% Return on Equity9.51% Return on Assets1.24%Miscellaneous Employees14,200 Outstanding Shares59,824,000Market Cap$5.91 billion Next Earnings Date5/4/2020 (Estimated) OptionableOptionable Receive AIZ News and Ratings via Email Sign-up to receive the latest news and ratings for AIZ and its competitors with MarketBeat's FREE daily newsletter. AIZ Rates by TradingView Assurant (NYSE:AIZ) Frequently Asked Questions How has Assurant's stock been impacted by COVID-19 (Coronavirus)? Assurant's stock was trading at $108.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AIZ shares have decreased by 8.9% and is now trading at $98.75. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Assurant? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Assurant. When is Assurant's next earnings date? Assurant is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Assurant. How were Assurant's earnings last quarter? Assurant, Inc. (NYSE:AIZ) released its quarterly earnings results on Tuesday, February, 11th. The financial services provider reported $2.25 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.39 by $0.14. The financial services provider earned $2.60 billion during the quarter, compared to the consensus estimate of $2.50 billion. Assurant had a net margin of 3.75% and a return on equity of 9.51%. During the same period in the previous year, the firm earned $0.77 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 Tuesday, January 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.63 per share on Monday, March 16th. This represents a $2.52 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, February 21st. View Assurant's dividend history. How will Assurant's stock buyback program work? Assurant declared that its board has initiated a stock repurchase plan on Monday, November 5th 2018, which permits the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its stock is undervalued. What guidance has Assurant issued on next quarter's earnings? Assurant issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, February, 11th. The company provided EPS guidance of 10.13-10.50 for the period, compared to the Thomson Reuters consensus estimate of $9.74. What price target have analysts set for AIZ? 3 brokerages have issued 1-year price objectives for Assurant's stock. Their forecasts range from $131.00 to $158.00. On average, they expect Assurant's stock price to reach $144.67 in the next year. This suggests a possible upside of 46.5% from the stock's current price. View analysts' price targets for Assurant. Has Assurant been receiving favorable news coverage? Headlines about AIZ stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Assurant earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutAssurant. Are investors shorting Assurant? Assurant saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,000,700 shares, an increase of 9.3% from the February 27th total of 1,830,000 shares. Based on an average daily trading volume, of 405,900 shares, the days-to-cover ratio is presently 4.9 days. Approximately 3.4% of the company's stock are short sold. View Assurant's Current Options Chain. Who are some of Assurant's key competitors? Some companies that are related to Assurant include American International Group (AIG), Hartford Financial Services Group (HIG), Loews (L), American Financial Group (AFG), Kemper (KMPR), American National Insurance (ANAT), Genworth Financial (GNW) and Horace Mann Educators (HMN). 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), Endologix (ELGX), Chipotle Mexican Grill (CMG), NIC (EGOV), Allergan (AGN), Athabasca Oil (ATH), Zoetis (ZTS), Aegean Marine Petroleum Network (ANW) and Micron Technology (MU). Who are Assurant's key executives? Assurant's management team includes the following people: Mr. Alan B. Colberg, Pres, CEO & Director (Age 57)Mr. Richard Steven Dziadzio, Exec. VP & CFO (Age 55)Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 60)Mr. Eric Greenman CFA, Chief Investment Officer & Exec. VPMr. Daniel A. Pacicco, Sr. VP, Chief Accounting Officer & Controller What is Assurant's stock symbol? Assurant trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIZ." 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, Robinhood, Fidelity, and Charles Schwab. What is Assurant's stock price today? One share of AIZ stock can currently be purchased for approximately $98.75. How big of a company is Assurant? Assurant has a market capitalization of $5.91 billion and generates $10.09 billion in revenue each year. The financial services provider earns $382.60 million in net income (profit) each year or $8.55 on an earnings per share basis. Assurant employs 14,200 workers across the globe. View additional information about Assurant. 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] This page was last updated on 4/3/2020 by MarketBeat.com StaffFeatured Article: What does a dividend yield signify to investors?
