Zacks Research Has Positive Outlook for Assurant Q3 Earnings

Assurant, Inc. (NYSE:AIZ) – Analysts at Zacks Research increased their Q3 2025 EPS estimates for Assurant in a research note issued to investors on Wednesday, October 15th. Zacks Research analyst Team now expects that the financial services provider will post earnings of $3.79 per share for the quarter, up from their previous forecast of $3.78. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $16.88 per share.

Several other analysts also recently commented on the stock. UBS Group boosted their target price on shares of Assurant from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on shares of Assurant from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Benchmark began coverage on shares of Assurant in a report on Tuesday, August 12th. They set a “buy” rating for the company. Morgan Stanley upped their price objective on shares of Assurant from $230.00 to $232.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, BMO Capital Markets began coverage on shares of Assurant in a report on Tuesday, August 12th. They set an “outperform” rating and a $238.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $243.00.

Assurant Stock Performance

AIZ stock opened at $208.99 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 15.13 and a beta of 0.55. Assurant has a 12 month low of $174.97 and a 12 month high of $230.55. The firm has a 50 day moving average of $213.91 and a two-hundred day moving average of $200.95.

Assurant (NYSE:AIZ) last posted its earnings results on Thursday, March 24th. The financial services provider reported $1.80 EPS for the quarter. The company had revenue of $2.42 billion during the quarter. Assurant had a net margin of 5.83% and a return on equity of 16.47%. Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS.

Institutional Investors Weigh In On Assurant

A number of hedge funds have recently made changes to their positions in AIZ. Zions Bancorporation National Association UT acquired a new stake in shares of Assurant during the 1st quarter worth about $26,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Assurant during the 2nd quarter worth about $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Assurant during the 1st quarter worth about $28,000. REAP Financial Group LLC increased its position in shares of Assurant by 193.9% during the 2nd quarter. REAP Financial Group LLC now owns 144 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Assurant by 1,133.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 148 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Activity

In other news, CEO Keith Demmings sold 13,725 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $220.52, for a total value of $3,026,637.00. Following the completion of the transaction, the chief executive officer owned 84,647 shares in the company, valued at approximately $18,666,356.44. This represents a 13.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jay Rosenblum sold 3,900 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $208.53, for a total transaction of $813,267.00. Following the sale, the executive vice president owned 7,875 shares of the company’s stock, valued at $1,642,173.75. This trade represents a 33.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,125 shares of company stock worth $5,917,925. 0.51% of the stock is currently owned by corporate insiders.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were paid a $0.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Assurant’s dividend payout ratio is currently 23.17%.

About Assurant

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects 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 contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.