Assurant (AIZ) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AIZ shares.
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4 brokers have issued 1 year price targets for Assurant's shares. Their AIZ share price targets range from $164.00 to $205.00. On average, they anticipate the company's stock price to reach $192.20 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
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Assurant's stock was trading at $168.49 at the beginning of the year. Since then, AIZ stock has increased by 0.9% and is now trading at $170.08.
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Assurant saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 744,900 shares, an increase of 10.1% from the March 15th total of 676,600 shares. Based on an average daily trading volume, of 369,900 shares, the short-interest ratio is currently 2.0 days. Currently, 1.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our AIZ earnings forecast.

Assurant will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Assurant, Inc. (NYSE:AIZ) announced its quarterly earnings data on Tuesday, February, 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.88. The financial services provider earned $3 billion during the quarter, compared to analyst estimates of $2.78 billion. Assurant had a net margin of 5.77% and a trailing twelve-month return on equity of 18.36%.

Assurant announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.72 per share on Monday, March 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, February 2nd.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.67%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 17.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

ETFs with the largest weight of Assurant (NYSE:AIZ) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), SPDR S&P Insurance ETF (KIE), Invesco S&P 500 Equal Weight Financials ETF (RSPF), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 Equal Weight Financials ETF (RYF), iShares U.S. Insurance ETF (IAK), Fidelity Low Volatility Factor ETF (FDLO) and FlexShares US Quality Low Volatility Index Fund (QLV).

Assurant declared that its board has approved a stock repurchase plan on Thursday, November 9th 2023, which authorizes the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

400 employees have rated Assurant Chief Executive Officer Alan Colberg on Glassdoor.com. Alan Colberg has an approval rating of 84% among the company's employees. 65.0% of employees surveyed would recommend working at Assurant to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Assurant investors own include Xtrackers California Municipal Bond ETF (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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.48%), AMF Tjanstepension AB (0.40%), Mountain Pacific Investment Advisers Inc. ID (0.33%), Alaska Permanent Fund Corp (0.04%), Czech National Bank (0.02%) and Pensionfund Sabic (0.01%). Insiders that own company stock include Alan B Colberg, Dimitry Dirienzo, Francesca Luthi, Gene Mergelmeyer, Jay Rosenblum, Richard S Dziadzio and Robert Lonergan.
View institutional ownership trends.

Shares of AIZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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