What is Zacks Research’s Estimate for Assurant Q1 Earnings?

Assurant, Inc. (NYSE:AIZ) – Stock analysts at Zacks Research increased their Q1 2028 earnings per share estimates for shares of Assurant in a report released on Monday, August 3rd. Zacks Research analyst Team now anticipates that the financial services provider will earn $5.87 per share for the quarter, up from their previous forecast of $5.84. The consensus estimate for Assurant’s current full-year earnings is $21.04 per share. Zacks Research also issued estimates for Assurant’s FY2028 earnings at $24.44 EPS.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.66. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.29 billion. Assurant had a return on equity of 20.32% and a net margin of 7.60%.The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $5.79 EPS.

Several other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Assurant from $270.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial increased their price target on shares of Assurant from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. UBS Group lifted their price objective on shares of Assurant from $270.00 to $274.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Assurant in a report on Monday, June 22nd. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $291.43.

Assurant Trading Up 1.3%

Shares of NYSE AIZ opened at $282.81 on Tuesday. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 14.47 and a beta of 0.55. The business has a 50 day simple moving average of $267.43 and a 200 day simple moving average of $243.00. Assurant has a 52 week low of $186.98 and a 52 week high of $284.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 0.39.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 8th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 8th. Assurant’s dividend payout ratio (DPR) is currently 18.01%.

Insiders Place Their Bets

In related news, EVP Keith Meier sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $254.31, for a total transaction of $6,357,750.00. Following the completion of the transaction, the executive vice president owned 18,552 shares of the company’s stock, valued at approximately $4,717,959.12. The trade was a 57.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jay Rosenblum sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $251.77, for a total value of $503,540.00. Following the sale, the executive vice president owned 12,764 shares of the company’s stock, valued at approximately $3,213,592.28. The trade was a 13.55% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 36,000 shares of company stock valued at $9,211,620. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in shares of Assurant in the second quarter valued at approximately $27,000. Montag A & Associates Inc. acquired a new position in Assurant during the 4th quarter valued at $28,000. BOKF NA acquired a new position in Assurant during the 3rd quarter valued at $32,000. Western Wealth Management LLC bought a new stake in Assurant in the 1st quarter valued at $33,000. Finally, Arlington Trust Co LLC grew its position in Assurant by 81.4% in the 2nd quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

About Assurant

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.