Assurant Inc. (AIZ) Sets New 12-Month High at $90.29
Assurant Inc. (NYSE:AIZ) shares reached a new 52-week high on Monday . The company traded as high as $90.29 and last traded at $90.24, with a volume of 260,000 shares trading hands. The stock had previously closed at $89.26.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Assurant from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. DOWLING & PARTN reaffirmed a “neutral” rating on shares of Assurant in a research report on Tuesday, August 23rd. Goldman Sachs Group Inc. cut Assurant to a “buy” rating and set a $95.00 price objective on the stock. in a research report on Sunday, July 17th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $77.00 price objective on shares of Assurant in a research report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.60.
The firm has a market cap of $5.43 billion and a P/E ratio of 13.32. The stock’s 50 day moving average is $86.18 and its 200 day moving average is $82.59.
Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, July 26th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by $0.04. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $1.71 billion. Assurant’s quarterly revenue was down 32.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.07 earnings per share. On average, analysts forecast that Assurant Inc. will post $5.91 earnings per share for the current fiscal year.
The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, August 25th.
In other news, Director Robert W. Stein sold 2,500 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $84.01, for a total value of $210,025.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Christopher J. Pagano sold 5,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $84.47, for a total value of $422,350.00. Following the completion of the transaction, the chief financial officer now directly owns 76,981 shares in the company, valued at $6,502,585.07. The disclosure for this sale can be found here.
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