Assurant (NYSE:AIZ – Get Rating) released its earnings results on Tuesday. The financial services provider reported $3.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.77 by $0.98, MarketWatch Earnings reports. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.62 billion. Assurant had a net margin of 13.47% and a return on equity of 9.82%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 EPS.
NYSE:AIZ opened at $186.87 on Thursday. The firm has a market cap of $10.78 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 0.42. Assurant has a fifty-two week low of $144.18 and a fifty-two week high of $194.12. The firm has a 50-day simple moving average of $180.12 and a two-hundred day simple moving average of $165.40.
In other Assurant news, CAO Francesca Luthi sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $181.81, for a total transaction of $727,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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. 0.39% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Truist Financial raised their target price on shares of Assurant from $210.00 to $220.00 in a research report on Friday, March 25th. UBS Group lowered their price target 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. Finally, Morgan Stanley lifted 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $195.74.
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.
- Get a free copy of the StockNews.com research report on Assurant (AIZ)
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