Assurant (AIZ) Receiving Somewhat Positive Press Coverage, Study Finds
News coverage about Assurant (NYSE:AIZ) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Assurant earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.7677674235229 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, BidaskClub lowered Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.
Assurant (AIZ) opened at 95.66 on Tuesday. The firm has a market cap of $5.15 billion, a PE ratio of 12.57 and a beta of 0.79. The stock’s 50 day moving average is $95.68 and its 200 day moving average is $99.40. Assurant has a 12 month low of $78.50 and a 12 month high of $106.99.
Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share. On average, equities analysts forecast that Assurant will post $6.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 28th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 24th. Assurant’s payout ratio is 27.89%.
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Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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