Assurant Stock Gets Weaker EPS Estimate from Zacks Research

Assurant, Inc. (NYSE:AIZ) – Zacks Research reduced their Q3 2027 earnings per share estimates for shares of Assurant in a note issued to investors on Thursday, October 15th. Zacks Research analyst Team now anticipates that the financial services provider will earn $5.75 per share for the quarter, down from their prior estimate of $5.76. Zacks Research 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 Q4 2027 earnings at $5.59 EPS and Q2 2028 earnings at $5.99 EPS.

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

Several other brokerages have also commented on AIZ. Piper Sandler lifted their target price on Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Morgan Stanley dropped their target price on Assurant from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Truist Financial increased their target price on shares of Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets increased their price target on Assurant from $274.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Finally, Weiss Ratings upgraded Assurant from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Assurant currently has an average rating of “Buy” and a consensus target price of $324.29.

Assurant Stock Performance

Assurant stock opened at $281.43 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. Assurant has a 12-month low of $206.03 and a 12-month high of $303.94. The firm’s fifty day moving average price is $277.93 and its 200 day moving average price is $262.38. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 13.44 and a beta of 0.52.

Hedge Funds Weigh In On Assurant

Several hedge funds have recently made changes to their positions in AIZ. V Square Quantitative Management LLC lifted its stake in Assurant by 7.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 93 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Assurant by 173.2% in the third quarter. Assenagon Asset Management S.A. now owns 24,059 shares of the financial services provider’s stock valued at $6,340,000 after buying an additional 15,252 shares in the last quarter. Mather Group LLC. lifted its position in shares of Assurant by 32.5% during the 3rd quarter. Mather Group LLC. now owns 677 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 166 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Assurant during the third quarter worth about $74,000. Finally, Sax Wealth Advisors LLC lifted its stake in Assurant by 52.2% during the third quarter. Sax Wealth Advisors LLC now owns 1,758 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 603 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Insider Activity at Assurant

In related news, EVP Biju Nair sold 3,931 shares of Assurant stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the transaction, the executive vice president owned 24,247 shares of the company’s stock, valued at $7,333,747.62. This trade represents a 13.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, August 31st were given a dividend of $0.88 per share. The ex-dividend date was Monday, August 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.3%. Assurant’s payout ratio is currently 16.81%.

About Assurant

Assurant, Inc is a global business services company that provides insurance products and related services supporting major purchases and everyday needs. Its offerings are distributed through partnerships with mobile carriers, retailers, automotive manufacturers and dealers, financial institutions, housing providers, and other businesses.

Through its Global Lifestyle business, Assurant provides mobile device protection, extended service contracts, vehicle service contracts, and related protection products.