NYSE:AIZ

Assurant Stock Forecast, Price & News

$156.17
-3.79 (-2.37 %)
(As of 05/11/2021 12:00 AM ET)
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Today's Range
$155.62
$160.14
50-Day Range
$140.62
$161.88
52-Week Range
$83.89
$163.24
Volume411,758 shs
Average Volume447,825 shs
Market Capitalization$9.46 billion
P/E Ratio23.52
Dividend Yield1.65%
Beta0.61
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Assurant logo

About Assurant

Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed. 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; and credit protection and other insurance products. The Global Housing segment provides lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, voluntary homeowners insurance, and other specialty products. The Global Preneed segment offers pre-funded funeral insurance, final need insurance, and related services. 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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Industry, Sector and Symbol

Industry Insurance carriers, not elsewhere classified
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP04621X10
Phone212-859-7000
Employees13,600
Year FoundedN/A

Sales & Book Value

Annual Sales$10.09 billion
Cash Flow$11.83 per share
Book Value$93.66 per share

Profitability

Net Income$382.60 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$9.46 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.57 out of 5 stars

Finance Sector

24th out of 1,948 stocks

Insurance Carriers, Not Elsewhere Classified Industry

1st out of 6 stocks

Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Assurant (NYSE:AIZ) Frequently Asked Questions

Is Assurant a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Assurant stock.
View analyst ratings for Assurant
or view top-rated stocks.

What stocks does MarketBeat like better than Assurant?

Wall Street analysts have given Assurant a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Assurant wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Assurant?

Assurant saw a decline in short interest in March. As of March 31st, there was short interest totaling 843,400 shares, a decline of 30.9% from the March 15th total of 1,220,000 shares. Based on an average trading volume of 501,400 shares, the short-interest ratio is currently 1.7 days. Currently, 1.4% of the company's shares are sold short.
View Assurant's Short Interest
.

When is Assurant's next earnings date?

Assurant is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Assurant
.

How were Assurant's earnings last quarter?

Assurant, Inc. (NYSE:AIZ) released its earnings results on Monday, May, 3rd. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.96 by $0.51. The financial services provider earned $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Assurant had a net margin of 4.24% and a trailing twelve-month return on equity of 9.86%. Assurant's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.43 EPS.
View Assurant's earnings history
.

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

Assurant's stock was trading at $108.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AIZ shares have increased by 44.1% and is now trading at $156.17.
View which stocks have been most impacted by COVID-19
.

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

Assurant declared a quarterly dividend on Tuesday, January 12th. Investors of record on Monday, February 22nd will be paid a dividend of $0.66 per share on Monday, March 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, February 19th.
View Assurant's dividend history
.

Is Assurant a good dividend stock?

Assurant pays an annual dividend of $2.64 per share and currently has a dividend yield of 1.65%. Assurant has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Assurant is 30.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Assurant will have a dividend payout ratio of 25.00% next year. This indicates that Assurant will be able to sustain or increase its dividend.
View Assurant's dividend history.

How will Assurant's stock buyback program work?

Assurant announced that its Board of Directors has authorized a share buyback program on Tuesday, January 12th 2021, 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 7.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

What guidance has Assurant issued on next quarter's earnings?

Assurant issued an update on its FY 2021 earnings guidance on Tuesday, May, 11th. The company provided earnings per share (EPS) guidance of 10.868-11.263 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.500. The company issued revenue guidance of -.

What price target have analysts set for AIZ?

2 Wall Street analysts have issued twelve-month target prices for Assurant's stock. Their forecasts range from $170.00 to $185.00. On average, they anticipate Assurant's stock price to reach $178.00 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
View analysts' price targets for Assurant
or view top-rated stocks among Wall Street analysts.

Who are Assurant's key executives?

Assurant's management team includes the following people:
  • Mr. Alan B. Colberg, Pres, CEO & Director (Age 59, Pay $3.96M)
  • Mr. Richard Steven Dziadzio, Exec. VP & CFO (Age 57, Pay $1.68M)
  • Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 62, Pay $2.07M)
  • Ms. Francesca Luthi, Exec. VP & Chief Admin. Officer (Age 45, Pay $1.73M)
  • Mr. Keith Warner Demmings, Exec. VP & Pres of Global Lifestyle (Age 48, Pay $1.3M)
  • Mr. Vadim Lipovetsky, Chief Investment Officer
  • Mr. Dimitry DiRienzo, Sr. VP, Chief Accounting Officer & Controller (Age 45)
  • Mr. Joseph A. Surber III, Sr. VP & Global Technology Officer
  • Ms. Suzanne Shepherd, Sr. VP of Investor Relations
  • Mr. John Pawloski, Sr. VP & Chief Compliance Officer

What is Alan Colberg's approval rating as Assurant's CEO?

400 employees have rated Assurant CEO Alan Colberg on Glassdoor.com. Alan Colberg has an approval rating of 84% among Assurant's employees. 65.0% of employees surveyed would recommend working at Assurant to a friend.

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), 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.26%), Sumitomo Mitsui Trust Holdings Inc. (0.71%), Wedge Capital Management L L P NC (0.44%), Swiss National Bank (0.39%), Nippon Life Global Investors Americas Inc. (0.31%) and Mountain Pacific Investment Advisers Inc. ID (0.29%). Company insiders that own Assurant stock include Charles John Koch, Gene Mergelmeyer, J Braxton Carter II, Michael P Campbell and Tammy L Schultz.
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 Dearborn Partners LLC, Wedge Capital Management L L P NC, Nissay Asset Management Corp Japan ADV, Edgestream Partners L.P., State of Tennessee Treasury Department, Comerica Bank, Victory Capital Management Inc., and Zurcher Kantonalbank Zurich Cantonalbank .
View insider buying and selling activity for Assurant
or view top insider-selling stocks.

Which major investors are buying Assurant stock?

AIZ stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Paradice Investment Management LLC, Calamos Advisors LLC, Forsta AP Fonden, BNP Paribas Arbitrage SA, Principal Financial Group Inc., MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, and Dividend Assets Capital LLC.
View insider buying and selling activity for Assurant
or or view top insider-buying stocks.

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 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 $156.17.

How much money does Assurant make?

Assurant has a market capitalization of $9.46 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.

How many employees does Assurant have?

Assurant employs 13,600 workers across the globe.

What is Assurant's official website?

The official website for Assurant is www.assurant.com.

Where are Assurant's headquarters?

Assurant is headquartered at 28 LIBERTY STREET 41ST FLOOR, NEW YORK NY, 10005.

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 5/11/2021 by MarketBeat.com Staff
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