NYSE:AIZ

Assurant Stock Forecast, Price & News

$162.85
+0.77 (+0.48 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$162.23
$163.30
50-Day Range
$142.30
$163.45
52-Week Range
$96.71
$163.84
Volume263,684 shs
Average Volume326,572 shs
Market Capitalization$9.86 billion
P/E Ratio22.94
Dividend Yield1.63%
Beta0.64
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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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MarketRank

Overall MarketRank

2.69 out of 5 stars

Finance Sector

5th out of 1,979 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: 3.1 5 -4 -3 -2 -1 -
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Assurant (NYSE:AIZ) Frequently Asked Questions

Is Assurant a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Assurant wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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) announced its quarterly earnings data on Monday, May, 3rd. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $1.96 by $0.51. The financial services provider had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. Assurant had a trailing twelve-month return on equity of 8.78% and a net margin of 4.52%. Assurant's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 earnings per share.
View Assurant's earnings history
.

How has Assurant's stock 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 stock has increased by 50.3% and is now trading at $162.85.
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 Thursday, May 13th. Shareholders of record on Tuesday, June 1st will be given a dividend of $0.66 per share on Tuesday, June 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, May 28th.
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 1.63%. 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 30.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Assurant will have a dividend payout ratio of 21.82% 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 has approved a stock buyback program on Thursday, May 13th 2021, which authorizes the company to buyback $900,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

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

Assurant updated its FY 2021 earnings guidance on Tuesday, May, 25th. The company provided earnings per share guidance of 10.868-11.263 for the period, compared to the Thomson Reuters consensus estimate of $9.500. The company issued revenue guidance of -.

What price target have analysts set for AIZ?

3 brokers have issued 1-year target prices for Assurant's shares. Their forecasts range from $170.00 to $207.00. On average, they expect Assurant's stock price to reach $187.00 in the next year. This suggests a possible upside of 14.8% 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 retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (9.07%), BlackRock Inc. (9.26%), Viking Global Investors LP (4.58%), Bank of New York Mellon Corp (3.32%), Lyrical Asset Management LP (2.05%) and Schroder Investment Management Group (1.80%). Company insiders that own Assurant stock include Charles John Koch, Francesca Luthi, Gene Mergelmeyer, J Braxton Carter II, Michael P Campbell, Robert Lonergan 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 Neuberger Berman Group LLC, Nuveen Asset Management LLC, FIL Ltd, Dearborn Partners LLC, Samlyn Capital LLC, Wedge Capital Management L L P NC, Nissay Asset Management Corp Japan ADV, and Price T Rowe Associates Inc. MD. Company insiders that have sold Assurant company stock in the last year include Francesca Luthi, Gene Mergelmeyer, and Robert Lonergan.
View insider buying and selling activity for Assurant
or view top insider-selling stocks.

Which major investors are buying Assurant stock?

AIZ stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Schroder Investment Management Group, Cramer Rosenthal Mcglynn LLC, Bank of New York Mellon Corp, Janus Henderson Group PLC, Northern Trust Corp, Voloridge Investment Management LLC, and Lyrical Asset Management LP.
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 $162.85.

How much money does Assurant make?

Assurant has a market capitalization of $9.86 billion and generates $10.09 billion in revenue each year. The financial services provider earns $441.80 million in net income (profit) each year or $8.63 on an earnings per share basis.

How many employees does Assurant have?

Assurant employs 14,100 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 6/13/2021 by MarketBeat.com Staff
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