Somewhat Positive Press Coverage Somewhat Unlikely to Impact Assurant (AIZ) Stock Price
Headlines about Assurant (NYSE:AIZ) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Assurant earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.693754894418 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Assurant, Inc. breached its 50 day moving average in a Bearish Manner : AIZ-US : August 11, 2017 (finance.yahoo.com)
- Head to Head Contrast: Assurant (AIZ) & Hartford Financial Services Group, Inc. (The) (HIG) (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Assurant Inc is a negative sign for its shares (finance.yahoo.com)
- Analysts Anticipate Assurant, Inc. (AIZ) Will Announce Quarterly Sales of $1.61 Billion (americanbankingnews.com)
- Assurant, Inc. (AIZ) Holdings Decreased by Neuberger Berman Group LLC (highlightpress.com)
Shares of Assurant (NYSE:AIZ) opened at 102.54 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 13.48 and a beta of 0.77. The firm has a 50-day moving average of $104.63 and a 200 day moving average of $99.86. Assurant has a 52 week low of $78.50 and a 52 week high of $106.99.
Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.05. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The business’s revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 EPS. On average, equities research analysts expect that Assurant will post $6.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be paid a $0.53 dividend. The ex-dividend date is Thursday, August 24th. This represents a $2.12 dividend on an annualized basis and a yield of 2.07%. Assurant’s payout ratio is 27.89%.
Separately, BidaskClub downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Assurant has a consensus rating of “Hold” and a consensus price target of $98.33.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/11/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-assurant-aiz-stock-price.html.
In related news, EVP Christopher J. Pagano sold 2,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $97.75, for a total value of $195,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher J. Pagano sold 7,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $102.94, for a total transaction of $720,580.00. Following the completion of the sale, the executive vice president now directly owns 55,978 shares in the company, valued at $5,762,375.32. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.
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).
Receive News & Ratings for Assurant Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant Inc. and related companies with MarketBeat.com's FREE daily email newsletter.