Assurant (NYSE:AIZ) Announces Earnings Results

Assurant (NYSE:AIZ) announced its quarterly earnings results on Tuesday. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $1.24, Zacks reports. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. Assurant had a net margin of 7.60% and a return on equity of 20.32%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.56 EPS.

Assurant Stock Performance

Shares of AIZ traded up $14.22 during mid-day trading on Wednesday, reaching $295.53. The company’s stock had a trading volume of 58,056 shares, compared to its average volume of 399,144. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.64 billion, a P/E ratio of 15.12 and a beta of 0.55. Assurant has a 1-year low of $195.57 and a 1-year high of $302.29. The business has a 50-day simple moving average of $267.94 and a two-hundred day simple moving average of $243.31.

Assurant Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 8th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, June 8th. Assurant’s dividend payout ratio (DPR) is 18.01%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AIZ. Wall Street Zen cut Assurant from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group increased their price objective on shares of Assurant from $270.00 to $274.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada set a $310.00 target price on Assurant in a research note on Wednesday, June 17th. Piper Sandler reiterated an “overweight” rating on shares of Assurant in a research report on Monday, June 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Assurant from $270.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $291.43.

Assurant News Summary

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Assurant reported second-quarter earnings of $6.41 per share, well above the $5.16–$5.17 consensus estimate and up from $5.56 a year earlier. Revenue increased 9.4% year over year to $3.45 billion, also topping expectations. Assurant Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management increased its full-year outlook and characterized the quarter as a record second quarter, signaling stronger expected operating performance and providing a positive catalyst for AIZ. Assurant Increases Full Year Outlook, Delivers Record Second Quarter Results
• Positive Sentiment: Assurant’s second-quarter sales beat analyst estimates, reinforcing the earnings report’s indication of healthy business momentum. Assurant’s Q2 CY2026 Sales Beat Estimates
• Neutral Sentiment: Zacks Research made mixed changes to future forecasts: it slightly lowered its Q1 2027 and full-year 2027 EPS estimates to $4.97 and $22.46, respectively, but raised its Q2 2028 and full-year 2028 estimates to $5.66 and $24.44.

Insider Transactions at Assurant

In other Assurant news, EVP Keith Meier sold 25,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $254.31, for a total value of $6,357,750.00. Following the transaction, the executive vice president directly owned 18,552 shares of the company’s stock, valued at $4,717,959.12. This represents a 57.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Dimitry Dirienzo sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $255.68, for a total transaction of $511,360.00. Following the transaction, the chief accounting officer owned 2,741 shares in the company, valued at approximately $700,818.88. The trade was a 42.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 36,000 shares of company stock worth $9,211,620 over the last three months. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AIZ. Cresset Asset Management LLC grew its holdings in Assurant by 5.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,075 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 55 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Assurant by 4.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,541 shares of the financial services provider’s stock worth $371,000 after buying an additional 63 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Assurant by 4.6% in the third quarter. Quadrant Capital Group LLC now owns 1,488 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 65 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Assurant by 57.8% in the first quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock valued at $38,000 after buying an additional 67 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in shares of Assurant by 0.4% in the 4th quarter. Orion Porfolio Solutions LLC now owns 15,244 shares of the financial services provider’s stock valued at $3,672,000 after acquiring an additional 67 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant Company Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.