Zacks Research Has Negative View of Assurant FY2027 Earnings

Assurant, Inc. (NYSE:AIZ) – Analysts at Zacks Research lowered their FY2027 earnings per share estimates for Assurant in a note issued to investors on Tuesday, March 18th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $19.33 for the year, down from their previous forecast of $19.36. The consensus estimate for Assurant’s current full-year earnings is $16.88 per share.

A number of other research firms also recently commented on AIZ. Truist Financial raised their target price on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley assumed coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price for the company. StockNews.com downgraded Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised Assurant from a “market perform” rating to an “outperform” rating and raised their target price for the company from $212.00 to $230.00 in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Assurant presently has an average rating of “Moderate Buy” and a consensus price target of $234.17.

Assurant Price Performance

Assurant stock opened at $213.76 on Thursday. Assurant has a one year low of $160.12 and a one year high of $230.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The business has a fifty day moving average of $208.36 and a two-hundred day moving average of $206.48. The company has a market cap of $10.86 billion, a P/E ratio of 14.77 and a beta of 0.61.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%.

Assurant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio is currently 22.11%.

Insider Activity

In related news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the sale, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

Institutional Trading of Assurant

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new stake in Assurant in the 3rd quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Assurant in the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC grew its holdings in Assurant by 127.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after buying an additional 75 shares during the period. Jones Financial Companies Lllp grew its holdings in Assurant by 219.1% in the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock valued at $32,000 after buying an additional 103 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in Assurant by 503.1% in the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider’s stock valued at $41,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.