Analysts Set Expectations for Assurant FY2027 Earnings

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

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

Assurant Stock Performance

AIZ opened at $211.91 on Thursday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 14.64 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. Assurant has a 1-year low of $160.12 and a 1-year high of $230.55. The business has a 50 day moving average price of $208.49 and a two-hundred day moving average price of $206.52.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, topping 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%.

Institutional Trading of Assurant

Several large investors have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. raised its stake in Assurant by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider’s stock valued at $1,593,000 after purchasing an additional 50 shares during the period. Pathstone Holdings LLC increased its stake in shares of Assurant by 0.5% in the third quarter. Pathstone Holdings LLC now owns 10,087 shares of the financial services provider’s stock worth $2,006,000 after acquiring an additional 52 shares during the last quarter. LRI Investments LLC increased its stake in shares of Assurant by 14.0% in the fourth quarter. LRI Investments LLC now owns 553 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 68 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Assurant by 1.1% in the fourth quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider’s stock worth $1,642,000 after acquiring an additional 84 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the sale, the executive vice president now directly owns 17,708 shares of the company’s stock, valued at $3,568,162. The trade was a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

Assurant Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, February 3rd. Assurant’s dividend payout ratio (DPR) is currently 22.11%.

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.