Assurant Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 2 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.

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

Assurant is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Assurant.

Assurant will be holding an earnings conference call on Tuesday, May 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Assurant, Inc. (NYSE:AIZ) posted its earnings results on Monday, February, 8th. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.08 by $0.26. The financial services provider earned $2.56 billion during the quarter, compared to the consensus estimate of $2.24 billion. Assurant had a trailing twelve-month return on equity of 9.86% and a net margin of 4.24%. The business's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $2.25 EPS.
View Assurant's earnings history.

Assurant's stock was trading at $108.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AIZ shares have increased by 38.5% and is now trading at $150.07.
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Assurant declared a quarterly dividend on Tuesday, January 12th. Stockholders 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 dividend yield of 1.76%. The ex-dividend date is Friday, February 19th.
View Assurant's dividend history.

Assurant pays an annual dividend of $2.64 per share and currently has a dividend yield of 1.77%. 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.

Assurant announced that its board has initiated a stock repurchase program on Tuesday, January 12th 2021, which authorizes the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Assurant issued an update on its FY 2021 Pre-Market earnings guidance on Tuesday, March, 9th. The company provided earnings per share guidance of 10.80-10.80 for the period, compared to the Thomson Reuters consensus estimate of $10.46.

2 brokerages have issued 12-month price objectives for Assurant's stock. Their forecasts range from $145.00 to $172.00. On average, they anticipate Assurant's share price to reach $162.33 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
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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.

Some companies that are related to Assurant include American International Group (AIG), The Hartford Financial Services Group (HIG), Loews (L), American Financial Group (AFG), Kemper (KMPR), American National Group (ANAT), Genworth Financial (GNW) and Horace Mann Educators (HMN).
View all of AIZ's competitors.

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 number of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.44%), Mountain Pacific Investment Advisers Inc. ID (0.29%), Calamos Advisors LLC (0.16%), Royal London Asset Management Ltd. (0.04%), Retirement Systems of Alabama (0.04%) and State of Alaska Department of Revenue (0.02%). 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.

AIZ stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Retirement Systems of Alabama, Crossmark Global Holdings Inc., Pacer Advisors Inc., and Louisiana State Employees Retirement System.
View insider buying and selling activity for Assurant or view top insider-selling stocks.

AIZ stock was purchased by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Mountain Pacific Investment Advisers Inc. ID, Everence Capital Management Inc., Calamos Wealth Management LLC, Royal London Asset Management Ltd., and GPS Wealth Strategies Group LLC.
View insider buying and selling activity for Assurant or or view top insider-buying stocks.

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.
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One share of AIZ stock can currently be purchased for approximately $150.07.

Assurant has a market capitalization of $8.69 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 13,600 workers across the globe.

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

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

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]