Q2 Earnings Estimate for Assurant Issued By Zacks Research

Assurant, Inc. (NYSE:AIZ) – Equities researchers at Zacks Research decreased their Q2 2027 earnings estimates for shares of Assurant in a research report issued to clients and investors on Monday, December 8th. Zacks Research analyst Team now anticipates that the financial services provider will earn $5.56 per share for the quarter, down from their previous forecast of $5.57. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $16.88 per share. Zacks Research also issued estimates for Assurant’s Q3 2027 earnings at $5.94 EPS and FY2027 earnings at $22.44 EPS.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Thursday, March 24th. The financial services provider reported $1.80 EPS for the quarter. Assurant had a net margin of 6.75% and a return on equity of 18.61%. The business had revenue of $2.42 billion during the quarter. Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS.

Several other brokerages have also weighed in on AIZ. Morgan Stanley boosted their price objective on Assurant from $232.00 to $248.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Piper Sandler lifted their price target on shares of Assurant from $238.00 to $248.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. UBS Group boosted their price target on shares of Assurant from $255.00 to $257.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Assurant in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Assurant from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

Assurant Trading Up 0.1%

Assurant stock opened at $222.67 on Wednesday. The business has a 50 day moving average price of $219.60 and a two-hundred day moving average price of $208.14. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.38. Assurant has a 12 month low of $174.97 and a 12 month high of $232.02. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 13.55 and a beta of 0.57.

Assurant Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 1st will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.52 annualized dividend and a yield of 1.6%. This is an increase from Assurant’s previous quarterly dividend of $0.80. Assurant’s payout ratio is 21.42%.

Insider Buying and Selling

In other Assurant news, CEO Keith Demmings sold 13,725 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 84,647 shares in the company, valued at $18,666,356.44. The trade was a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT bought a new stake in Assurant during the 1st quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in Assurant by 72.6% in the third quarter. Versant Capital Management Inc now owns 126 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 53 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Assurant during the second quarter worth $27,000. REAP Financial Group LLC grew its holdings in shares of Assurant by 193.9% during the second 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 during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Assurant by 1,133.3% in the second quarter. Cullen Frost Bankers Inc. now owns 148 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Assurant Company Profile

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.