Assurant Stock Forecast, Price & News

Assurant's stock was trading at $108.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AIZ stock has increased by 11.5% and is now trading at $120.81.
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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."
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Assurant is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Assurant.

Assurant, Inc. (NYSE:AIZ) posted its quarterly earnings results on Tuesday, August, 4th. The financial services provider reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.66. The financial services provider earned $2.47 billion during the quarter, compared to the consensus estimate of $2.58 billion. Assurant had a return on equity of 10.23% and a net margin of 3.95%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 earnings per share.
View Assurant's earnings history.

Assurant declared a quarterly dividend on Friday, July 10th. Investors 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 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, August 28th.
View Assurant's dividend history.

Assurant declared that its Board of Directors has approved a stock repurchase 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 an indication that the company's board believes its shares are undervalued.

3 Wall Street analysts have issued 12 month price objectives for Assurant's stock. Their forecasts range from $143.00 to $158.00. On average, they anticipate Assurant's stock price to reach $148.67 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price.
View analysts' price targets for Assurant.

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).
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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).

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

Assurant's stock is owned by a number of retail and institutional investors. Top institutional investors 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.

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.

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.

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 $120.81.

Assurant has a market capitalization of $7.21 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.

The official website for Assurant is 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]