Q2 2022 Earnings Forecast for Assurant, Inc. Issued By Piper Sandler (NYSE:AIZ)

Assurant, Inc. (NYSE:AIZGet Rating) – Analysts at Piper Sandler increased their Q2 2022 EPS estimates for Assurant in a research note issued to investors on Monday, April 11th. Piper Sandler analyst J. Barnidge now expects that the financial services provider will post earnings of $3.46 per share for the quarter, up from their previous forecast of $3.15. Piper Sandler also issued estimates for Assurant’s Q2 2023 earnings at $3.84 EPS.

AIZ has been the topic of a number of other reports. Morgan Stanley lifted their price target on Assurant from $197.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, March 28th. UBS Group decreased their price target on Assurant from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, January 12th. StockNews.com raised Assurant from a “hold” rating to a “buy” rating in a research note on Thursday, April 7th. Finally, Truist Financial lifted their price target on Assurant from $210.00 to $220.00 in a research note on Friday, March 25th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Assurant presently has an average rating of “Buy” and a consensus price target of $195.74.

NYSE:AIZ opened at $185.98 on Wednesday. The business has a 50 day moving average of $172.05 and a 200 day moving average of $162.49. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 0.87 and a beta of 0.59. Assurant has a 1-year low of $144.18 and a 1-year high of $189.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42.

Assurant (NYSE:AIZGet Rating) last released its earnings results on Tuesday, February 8th. The financial services provider reported $2.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.17. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Assurant had a return on equity of 9.82% and a net margin of 13.47%. Assurant’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of AIZ. Morgan Stanley increased its stake in shares of Assurant by 8.2% during the second quarter. Morgan Stanley now owns 225,092 shares of the financial services provider’s stock valued at $35,154,000 after buying an additional 17,078 shares during the period. Bank of America Corp DE boosted its position in shares of Assurant by 8.0% during the second quarter. Bank of America Corp DE now owns 449,375 shares of the financial services provider’s stock valued at $70,183,000 after purchasing an additional 33,340 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Assurant by 4.8% during the second quarter. Thrivent Financial for Lutherans now owns 2,601 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 118 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Assurant by 4.6% during the third quarter. Kestra Advisory Services LLC now owns 5,532 shares of the financial services provider’s stock valued at $873,000 after purchasing an additional 244 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Assurant by 4.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,633 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 194 shares in the last quarter. 93.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CAO Francesca Luthi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $181.81, for a total transaction of $727,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert Lonergan sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $183.19, for a total value of $403,018.00. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Assurant Company Profile (Get Rating)

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 two segments: Global Lifestyle and Global Housing. 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.

Further Reading

Earnings History and Estimates for Assurant (NYSE:AIZ)

Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.