Zacks Research Estimates Assurant FY2024 Earnings

Assurant, Inc. (NYSE:AIZ) – Zacks Research issued their FY2024 earnings per share (EPS) estimates for Assurant in a research report issued on Tuesday, November 19th. Zacks Research analyst T. De expects that the financial services provider will post earnings per share of $15.52 for the year. The consensus estimate for Assurant’s current full-year earnings is $15.05 per share. Zacks Research also issued estimates for Assurant’s Q4 2024 earnings at $3.66 EPS, Q4 2025 earnings at $4.76 EPS, Q1 2026 earnings at $4.49 EPS, Q2 2026 earnings at $4.83 EPS and FY2026 earnings at $17.56 EPS.

Other equities analysts also recently issued reports about the stock. Bank of America upped their price target on shares of Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. UBS Group raised their price objective on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Truist Financial increased their target price on Assurant from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.20.

Assurant Price Performance

Shares of NYSE AIZ opened at $225.17 on Friday. The business’s 50 day moving average is $198.78 and its 200-day moving average is $183.73. The firm has a market cap of $11.55 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.18 and a beta of 0.57. Assurant has a 1-year low of $160.12 and a 1-year high of $225.47. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.52 by $0.48. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.29 earnings per share.

Assurant Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th 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 1.42%. The ex-dividend date of this dividend is Monday, December 9th. This is a boost from Assurant’s previous quarterly dividend of $0.72. Assurant’s payout ratio is presently 20.54%.

Insider Transactions at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $209.18, for a total value of $627,540.00. Following the completion of the transaction, the executive vice president now directly owns 20,658 shares in the company, valued at approximately $4,321,240.44. This represents a 12.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Institutional Trading of Assurant

Several institutional investors have recently modified their holdings of AIZ. True Wealth Design LLC acquired a new stake in Assurant during the 3rd quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in shares of Assurant during the 2nd quarter valued at about $31,000. Richardson Financial Services Inc. lifted its stake in Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock valued at $33,000 after buying an additional 77 shares during the period. Huntington National Bank grew its position in shares of Assurant by 509.4% during the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after buying an additional 163 shares during the period. Finally, Brooklyn Investment Group bought a new position in Assurant during the third quarter worth $42,000. Institutional investors own 92.65% of the company’s stock.

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.