Analysts Issue Forecasts for Assurant, Inc.’s Q1 2022 Earnings (NYSE:AIZ)

Assurant, Inc. (NYSE:AIZGet Rating) – Research analysts at Piper Sandler raised their Q1 2022 earnings per share (EPS) estimates for shares of Assurant in a research report issued on Monday, April 11th. Piper Sandler analyst J. Barnidge now forecasts that the financial services provider will post earnings of $3.00 per share for the quarter, up from their previous forecast of $2.76. Piper Sandler also issued estimates for Assurant’s Q3 2022 earnings at $3.65 EPS, Q4 2022 earnings at $3.84 EPS, FY2022 earnings at $13.94 EPS, Q1 2023 earnings at $3.60 EPS, Q3 2023 earnings at $4.22 EPS, Q4 2023 earnings at $4.24 EPS and FY2023 earnings at $15.89 EPS.

Other analysts also recently issued reports about the stock. Morgan Stanley increased their price target on shares of Assurant from $197.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, March 28th. UBS Group lowered their price objective on shares of Assurant from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, January 12th. Truist Financial upped their target price on shares of Assurant from $210.00 to $220.00 in a research note on Friday, March 25th. Finally, StockNews.com upgraded Assurant from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Assurant presently has a consensus rating of “Buy” and a consensus price target of $195.74.

Shares of NYSE:AIZ opened at $187.77 on Thursday. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 0.87 and a beta of 0.59. The firm’s 50 day simple moving average is $172.77 and its 200 day simple moving average is $162.66. 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 has a fifty-two week low of $144.18 and a fifty-two week high of $189.22.

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

In other Assurant news, CAO Francesca Luthi sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $181.81, for a total value of $727,240.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert Lonergan sold 2,200 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $183.19, for a total transaction of $403,018.00. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Assurant by 0.9% in the 4th quarter. State Street Corp now owns 3,095,971 shares of the financial services provider’s stock valued at $482,538,000 after purchasing an additional 28,862 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Assurant by 2.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,158,080 shares of the financial services provider’s stock valued at $180,498,000 after acquiring an additional 28,278 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Assurant by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,123,985 shares of the financial services provider’s stock valued at $174,749,000 after acquiring an additional 4,524 shares in the last quarter. Invesco Ltd. increased its stake in shares of Assurant by 2.3% in the 4th quarter. Invesco Ltd. now owns 1,056,233 shares of the financial services provider’s stock valued at $164,625,000 after acquiring an additional 23,820 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Assurant by 9.6% in the 4th quarter. Schroder Investment Management Group now owns 919,796 shares of the financial services provider’s stock valued at $143,359,000 after buying an additional 80,512 shares during the period. 93.64% of the stock is owned by hedge funds and other institutional investors.

About Assurant (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.

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Earnings History and Estimates for Assurant (NYSE:AIZ)

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