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NYSE:AIZ

Assurant Stock Forecast, Price & News

$120.07
+0.14 (+0.12 %)
(As of 09/21/2020 12:00 AM ET)
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Compare
Today's Range
$117.75
Now: $120.07
$121.22
50-Day Range
$107.15
MA: $121.01
$125.07
52-Week Range
$76.27
Now: $120.07
$142.61
Volume604,572 shs
Average Volume468,414 shs
Market Capitalization$7.16 billion
P/E Ratio19.18
Dividend Yield2.10%
Beta0.62
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.
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Assurant logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars


Industry, Sector and Symbol

Industry Insurance carriers, not elsewhere classified
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP04621X10
Phone212-859-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.09 billion
Cash Flow$10.64 per share
Book Value$93.66 per share

Profitability

Net Income$382.60 million

Miscellaneous

Employees14,200
Market Cap$7.16 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$120.07
+0.14 (+0.12 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Assurant (NYSE:AIZ) Frequently Asked Questions

How has Assurant's stock price been impacted by COVID-19?

Assurant's stock was trading at $108.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AIZ shares have increased by 10.8% and is now trading at $120.07.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, November 3rd 2020.
View our earnings forecast for Assurant
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings data on Tuesday, August, 4th. The financial services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.66. The financial services provider had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.58 billion. Assurant had a return on equity of 10.23% and a net margin of 3.95%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 EPS.
View Assurant's earnings history
.

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

Assurant announced a quarterly dividend on Friday, July 10th. Stockholders of record on Monday, August 31st will be given a dividend of $0.63 per share on Tuesday, September 22nd. This represents a $2.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, August 28th.
View Assurant's dividend history
.

How will Assurant's stock buyback program work?

Assurant announced that its board has initiated a stock repurchase plan on Monday, November 5th 2018, which permits the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for AIZ?

3 brokers have issued 1-year target prices for Assurant's stock. Their forecasts range from $143.00 to $158.00. On average, they anticipate Assurant's share price to reach $148.67 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
View analysts' price targets for Assurant
.

Who are some of Assurant's key competitors?

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), Endologix (ELGX), AbbVie (ABBV), Accenture (ACN), Intel (INTC), Micron Technology (MU), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

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. VP
  • Mr. 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."

Who are Assurant's major shareholders?

Assurant's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.65%), Viking Global Investors LP (4.74%), Bank of New York Mellon Corp (2.85%), Neuberger Berman Group LLC (2.59%), FMR LLC (2.15%) and Lyrical Asset Management LP (1.99%). Company insiders that own Assurant stock include Charles John Koch, Christopher J Pagano, Gene Mergelmeyer, Michael P Campbell, Tammy L Schultz 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 Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Lyrical Asset Management LP, Strycker View Capital LLC, GWM Advisors LLC, Nuveen Asset Management LLC, Vanguard Group Inc., and FIL Ltd. Company insiders that have sold Assurant company stock in the last year include Charles John Koch, and Tammy L Schultz.
View insider buying and selling activity for Assurant
.

Which major investors are buying Assurant stock?

AIZ stock was bought by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Neuberger Berman Group LLC, Clark Capital Management Group Inc., Jacobs Levy Equity Management Inc., Wedge Capital Management L L P NC, FMR LLC, Bank of Nova Scotia, and First Trust Advisors LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Assurant's stock price today?

One share of AIZ stock can currently be purchased for approximately $120.07.

How big of a company is Assurant?

Assurant has a market capitalization of $7.16 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.

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 or via email at [email protected]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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