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; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services. 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 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.
Industry, Sector and Symbol
Industry Accident & health insurance
Sub-IndustryMulti-line Insurance
SectorFinance
SymbolNYSE:AIZ
CUSIP04621X10
Phone212-859-7000
Debt
Debt-to-Equity Ratio0.45
Current Ratio0.62
Quick Ratio0.62
Price-To-Earnings
Trailing P/E Ratio25.72
Forward P/E Ratio13.58
P/E Growth0.7
Sales & Book Value
Annual Sales$6.42 billion
Price / Sales0.84
Cash Flow$4.4144 per share
Price / Cash23.19
Book Value$81.41 per share
Price / Book1.26
Profitability
EPS (Most Recent Fiscal Year)$3.98
Net Income$519.60 million
Net Margins7.41%
Return on Equity5.17%
Return on Assets0.70%
Miscellaneous
Employees14,750
Outstanding Shares52,690,000
Assurant (NYSE:AIZ) Frequently Asked Questions
What is Assurant's stock symbol?
Assurant trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIZ."
How often does Assurant pay dividends? What is the dividend yield for Assurant?
Assurant declared a quarterly dividend on Friday, May 11th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.56 per share on Tuesday, June 19th. This represents a $2.24 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, May 25th. View Assurant's Dividend History.
How were Assurant's earnings last quarter?
Assurant, Inc. (NYSE:AIZ) issued its quarterly earnings data on Thursday, May, 3rd. The financial services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.25. The financial services provider earned $1.64 billion during the quarter, compared to the consensus estimate of $1.59 billion. Assurant had a net margin of 7.41% and a return on equity of 5.17%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 EPS. View Assurant's Earnings History.
When is Assurant's next earnings date?
What price target have analysts set for AIZ?
2 equities research analysts have issued twelve-month target prices for Assurant's stock. Their predictions range from $115.00 to $118.00. On average, they expect Assurant's share price to reach $116.50 in the next twelve months. View Analyst Ratings for Assurant.
Are investors shorting Assurant?
Assurant saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,062,833 shares, an increase of 48.4% from the May 15th total of 1,390,054 shares. Based on an average daily volume of 931,532 shares, the short-interest ratio is currently 2.2 days. Approximately 4.0% of the company's stock are short sold. View Assurant's Current Options Chain.
Who are some of Assurant's key competitors?
Who are Assurant's key executives?
Assurant's management team includes the folowing people:
- Mr. Alan B. Colberg, Pres, CEO & Director (Age 56)
- Mr. Richard Steven Dziadzio, Exec. VP, CFO & Treasurer (Age 54)
- Mr. Gene Edward Mergelmeyer, Exec. VP & COO (Age 59)
- Mr. Ajay Waghray, Exec. VP & CTO (Age 56)
- Mr. Christopher John Pagano, Exec. VP & Chief Risk Officer (Age 54)
Has Assurant been receiving favorable news coverage?
News stories about AIZ stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Assurant earned a daily sentiment score of 0.06 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 47.13 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Assurant's major shareholders?
Assurant's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.16%), Dimensional Fund Advisors LP (3.76%), LSV Asset Management (3.31%), Wedge Capital Management L L P NC (2.21%), Neuberger Berman Group LLC (1.86%) and Massachusetts Financial Services Co. MA (1.38%). Company insiders that own Assurant stock include Christopher J Pagano, John Andrew Sondej and Robert W Stein. 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 Burney Co., Russell Investments Group Ltd., O Shaughnessy Asset Management LLC, Neuberger Berman Group LLC, Wedge Capital Management L L P NC, Hsbc Holdings PLC, Sei Investments Co. and Natixis. View Insider Buying and Selling for Assurant.
Which major investors are buying Assurant stock?
AIZ stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Massachusetts Financial Services Co. MA, Schwab Charles Investment Management Inc., JPMorgan Chase & Co., Interval Partners LP, Barclays PLC, Stevens Capital Management LP and Engineers Gate Manager LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Assurant's stock price today?
One share of AIZ stock can currently be purchased for approximately $102.37.
How big of a company is Assurant?
Assurant has a market capitalization of $5.38 billion and generates $6.42 billion in revenue each year. The financial services provider earns $519.60 million in net income (profit) each year or $3.98 on an earnings per share basis. Assurant employs 14,750 workers across the globe.
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]
MarketBeat Community Rating for Assurant (AIZ)
MarketBeat's community ratings are surveys of what our community members think about Assurant and other stocks. Vote "Outperform" if you believe AIZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
