Assurant Inc. (AIZ) Sets New 1-Year High at $89.67
Assurant Inc. (NYSE:AIZ) reached a new 52-week high on Tuesday . The stock traded as high as $89.67 and last traded at $89.38, with a volume of 106,822 shares changing hands. The stock had previously closed at $88.72.
Several research firms recently weighed in on AIZ. Goldman Sachs Group Inc. downgraded Assurant to a “buy” rating and set a $95.00 price objective on the stock. in a report on Sunday, July 17th. Zacks Investment Research downgraded Assurant from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. DOWLING & PARTN reaffirmed a “neutral” rating on shares of Assurant in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $77.00 target price on shares of Assurant in a report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $90.60.
The firm has a 50-day moving average of $86.20 and a 200-day moving average of $82.55. The firm has a market capitalization of $5.39 billion and a PE ratio of 13.22.
Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by $0.04. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.71 billion. The business’s revenue for the quarter was down 32.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 earnings per share. On average, equities research analysts predict that Assurant Inc. will post $5.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.23%.
In other news, Director Robert W. Stein sold 2,500 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $84.01, for a total value of $210,025.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John Andrew Sondej sold 5,000 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $86.04, for a total transaction of $430,200.00. The disclosure for this sale can be found here.
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