Assurant, Inc. (NYSE:AIZ) Receives $233.29 Average PT from Analysts

Shares of Assurant, Inc. (NYSE:AIZ) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $233.2857.

A number of brokerages recently weighed in on AIZ. Zacks Research upgraded shares of Assurant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Keefe, Bruyette & Woods upped their price objective on shares of Assurant from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Benchmark started coverage on shares of Assurant in a research note on Tuesday, August 12th. They set a “buy” rating for the company. BMO Capital Markets started coverage on shares of Assurant in a research note on Tuesday, August 12th. They set an “outperform” rating and a $238.00 target price for the company. Finally, Stephens started coverage on shares of Assurant in a research note on Tuesday, August 12th. They set an “overweight” rating for the company.

Insider Transactions at Assurant

In other news, CAO Dimitry Dirienzo sold 950 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $204.96, for a total transaction of $194,712.00. Following the completion of the sale, the chief accounting officer owned 3,135 shares in the company, valued at approximately $642,549.60. This trade represents a 23.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jay Rosenblum sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $208.53, for a total transaction of $813,267.00. Following the sale, the executive vice president owned 7,875 shares of the company’s stock, valued at approximately $1,642,173.75. This represents a 33.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,400 shares of company stock worth $2,891,288. 0.51% of the stock is owned by insiders.

Institutional Trading of Assurant

A number of hedge funds have recently modified their holdings of AIZ. Osaic Holdings Inc. grew its stake in shares of Assurant by 1,749.5% in the second quarter. Osaic Holdings Inc. now owns 49,049 shares of the financial services provider’s stock valued at $10,265,000 after acquiring an additional 46,397 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Assurant by 21.3% in the second quarter. Orion Porfolio Solutions LLC now owns 13,383 shares of the financial services provider’s stock valued at $2,643,000 after acquiring an additional 2,351 shares in the last quarter. State of Wyoming acquired a new position in shares of Assurant in the second quarter valued at about $143,000. CYBER HORNET ETFs LLC acquired a new position in shares of Assurant in the second quarter valued at about $27,000. Finally, FORA Capital LLC acquired a new position in shares of Assurant in the second quarter valued at about $427,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Price Performance

Shares of AIZ opened at $213.36 on Tuesday. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 15.45 and a beta of 0.55. Assurant has a 1-year low of $174.97 and a 1-year high of $230.55. The company’s fifty day simple moving average is $201.06 and its 200 day simple moving average is $199.85. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.38.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $5.56 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $1.13. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.13 billion. Assurant had a net margin of 5.83% and a return on equity of 16.47%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.77 earnings per share. Assurant has set its FY 2025 guidance at 22.390-22.390 EPS. On average, research analysts forecast that Assurant will post 16.88 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Assurant’s dividend payout ratio (DPR) is currently 23.17%.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.