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.
Industry, Sector and Symbol
Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
Phone212-859-7000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$8.06 billion
Profitability
Miscellaneous
Employees14,750
Next Earnings Date5/2/2019 (Estimated)
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 announced a quarterly dividend on Friday, January 18th. Investors 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 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, February 22nd. View Assurant's Dividend History.
How will Assurant's stock buyback program work?
Assurant announced that its board has initiated a share buyback program on Monday, November 5th 2018, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
How were Assurant's earnings last quarter?
Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings results on Tuesday, February, 12th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.31. The financial services provider had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.25 billion. Assurant had a return on equity of 6.92% and a net margin of 3.06%. The company's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 EPS. View Assurant's Earnings History.
When is Assurant's next earnings date?
What price target have analysts set for AIZ?
4 Wall Street analysts have issued twelve-month price objectives for Assurant's stock. Their forecasts range from $124.00 to $129.00. On average, they anticipate Assurant's stock price to reach $125.75 in the next year. This suggests a possible upside of 33.0% 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?
Media stories about AIZ stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Assurant earned a news impact score of 0.9 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the next few days.
Who are some of Assurant's key competitors?
What other stocks do shareholders of Assurant own?
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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.84%), FMR LLC (4.10%), Dimensional Fund Advisors LP (3.11%), Norges Bank (2.65%), LSV Asset Management (1.91%) and Bank of New York Mellon Corp (1.66%). 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 major investors are selling Assurant stock?
AIZ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, 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 and Dimensional Fund Advisors LP. 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 major investors are buying Assurant stock?
AIZ stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Samlyn Capital LLC, Strycker View Capital LLC, Bessemer Group Inc., Prana Capital Management LP, Massachusetts Financial Services Co. MA, Mackay Shields LLC and Hsbc Holdings PLC. 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 $94.56.
How big of a company is Assurant?
Assurant has a market capitalization of $5.83 billion and generates $8.06 billion in revenue each year. The financial services provider earns $251 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?
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)
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.
