NYSE:AIZ - Assurant Stock Price, Forecast & News

Assurant's stock was trading at $108.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AIZ shares have decreased by 3.4% and is now trading at $104.70. View which stocks have been mosted impacted by Coronavirus.

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.

Assurant is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Assurant.

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings data on Tuesday, February, 11th. The financial services provider reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.39 by $0.14. The financial services provider had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.50 billion. Assurant had a return on equity of 9.51% and a net margin of 3.75%. During the same period in the prior year, the business earned $0.77 EPS. View Assurant's earnings history.

Assurant announced a quarterly dividend on Tuesday, January 14th. Investors 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 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, February 21st. View Assurant's dividend history.

Assurant announced that its board has approved a share buyback plan on Monday, November 5th 2018, which permits the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

Assurant updated its FY 2020 After-Hours earnings guidance on Tuesday, February, 11th. The company provided earnings per share guidance of 10.13-10.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.74.

3 brokers have issued 1-year target prices for Assurant's shares. Their forecasts range from $145.00 to $158.00. On average, they anticipate Assurant's share price to reach $151.33 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price. View analysts' price targets for Assurant.

Media stories about AIZ stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Assurant earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutAssurant.

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 volume of 405,900 shares, the days-to-cover ratio is currently 4.9 days. Currently, 3.4% of the shares of the stock are sold short. View Assurant's Current Options Chain.

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).

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).

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

Assurant's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (5.13%), Lyrical Asset Management LP (2.65%), Bank of New York Mellon Corp (2.52%), FMR LLC (1.99%), Geode Capital Management LLC (1.62%) and Massachusetts Financial Services Co. MA (1.60%). 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.

AIZ stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Wedge Capital Management L L P NC, Bank of New York Mellon Corp, Citigroup Inc., Cubist Systematic Strategies LLC, USS Investment Management Ltd, Comerica Bank, and Lyrical Asset Management LP. Company insiders that have sold Assurant company stock in the last year include Charles John Koch, Gene Mergelmeyer, Michael P Campbell, and Tammy L Schultz. View insider buying and selling activity for Assurant.

AIZ stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Nuveen Asset Management LLC, Janus Henderson Group PLC, AQR Capital Management LLC, Goldman Sachs Group Inc., Martingale Asset Management L P, Credit Suisse AG, and Macquarie Group Ltd.. View insider buying and selling activity for 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.

One share of AIZ stock can currently be purchased for approximately $104.70.

Assurant has a market capitalization of $6.26 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.

The official website for Assurant is http://www.assurant.com/.

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]