Assurant - AIZ Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIZ shares.
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3 analysts have issued twelve-month price objectives for Assurant's stock. Their AIZ share price forecasts range from $180.00 to $220.00. On average, they anticipate the company's share price to reach $200.00 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for AIZ or view top-rated stocks among Wall Street analysts.

Assurant's stock was trading at $155.86 on January 1st, 2022. Since then, AIZ shares have increased by 10.3% and is now trading at $171.85.
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Assurant saw a increase in short interest in July. As of July 31st, there was short interest totaling 900,400 shares, an increase of 23.3% from the July 15th total of 730,500 shares. Based on an average daily trading volume, of 492,800 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.7% of the shares of the stock are short sold.
View Assurant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our AIZ earnings forecast.

Assurant, Inc. (NYSE:AIZ) posted its earnings results on Tuesday, August, 2nd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.18 by $0.23. Assurant had a trailing twelve-month return on equity of 11.61% and a net margin of 11.80%. During the same period last year, the firm posted $2.99 EPS.
Read the conference call transcript.

Assurant declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Monday, August 29th will be paid a dividend of $0.68 per share on Monday, September 19th. This represents a $2.72 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, August 26th.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.58%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 13.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 19.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

Assurant announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 13th 2021, which allows the company to buyback $900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 9.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Assurant issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $12.84-$13.29 for the period, compared to the consensus EPS estimate of $12.79. The company issued revenue guidance of -.

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

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).

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

Assurant's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.61%), FMR LLC (6.73%), State Street Corp (5.45%), Massachusetts Financial Services Co. MA (2.02%), Northern Trust Corp (1.38%) and California Public Employees Retirement System (0.80%). Insiders that own company stock include Alan B Colberg, Charles John Koch, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II, Michael P Campbell, Robert Lonergan and Tammy L Schultz.
View institutional ownership trends.

Shares of AIZ stock 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.
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One share of AIZ stock can currently be purchased for approximately $171.85.

Assurant (NYSE:AIZ) has a market capitalization of $9.14 billion and generates $10.19 billion in revenue each year. The financial services provider earns $1.37 billion in net income (profit) each year or $20.51 on an earnings per share basis.

The company employs 15,600 workers across the globe.

Assurant's mailing address is 28 LIBERTY STREET 41ST FLOOR, NEW YORK NY, 10005. The official website for the company is www.assurant.com. The financial services provider can be reached via phone at (212) 859-7000, via email at investor.relations@assurant.com, or via fax at 212-859-5893.