Zacks Research Issues Negative Outlook for Assurant Earnings

Assurant, Inc. (NYSE:AIZ) – Stock analysts at Zacks Research dropped their Q1 2027 earnings per share estimates for Assurant in a research note issued on Thursday, October 15th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings per share of $6.01 for the quarter, down from their previous estimate of $6.06. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $22.40 per share. Zacks Research also issued estimates for Assurant’s Q2 2027 earnings at $6.13 EPS, FY2027 earnings at $23.47 EPS, Q1 2028 earnings at $6.08 EPS, Q3 2028 earnings at $5.88 EPS and FY2028 earnings at $24.49 EPS.

Several other equities research analysts also recently issued reports on AIZ. BMO Capital Markets raised their price objective on shares of Assurant from $274.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Piper Sandler increased their price target on shares of Assurant from $290.00 to $329.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their price target on shares of Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Morgan Stanley decreased their price target on shares of Assurant from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of Assurant from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Assurant currently has a consensus rating of “Buy” and a consensus price target of $324.29.

Assurant Stock Up 1.1%

Shares of AIZ stock opened at $283.79 on Monday. Assurant has a 12 month low of $206.03 and a 12 month high of $303.94. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The firm has a market cap of $14.00 billion, a PE ratio of 11.84 and a beta of 0.52. The stock has a 50 day moving average of $277.73 and a 200-day moving average of $263.77.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, topping the consensus estimate of $5.17 by $1.24. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.56 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC raised its position in shares of Assurant by 27.5% during the 1st quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 53 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Assurant by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,739 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 54 shares during the period. Blackhawk Capital Partners LLC boosted its position in shares of Assurant by 2.5% in the 1st quarter. Blackhawk Capital Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 55 shares during the last quarter. Arlington Trust Co LLC boosted its position in shares of 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. Finally, Empirical Finance LLC boosted its position in shares of Assurant by 3.2% in the 2nd quarter. Empirical Finance LLC now owns 1,960 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 60 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Biju Nair sold 3,931 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the sale, the executive vice president directly owned 24,247 shares in the company, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, August 31st were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 31st. Assurant’s dividend payout ratio (DPR) is presently 16.81%.

Assurant Company Profile

Assurant, Inc (NYSE:AIZ) is a global business services company that provides insurance products and related services. Its offerings are designed to help consumers protect mobile devices, household belongings, vehicles, homes and other significant purchases, while supporting businesses in managing risk and customer relationships.

Assurant operates through three primary business segments: Global Lifestyle, Global Housing and Global Preneed. Global Lifestyle provides mobile device protection, extended service contracts and related services for consumer electronics, appliances and vehicles.