USA Financial Formulas Makes New Investment in Assurant, Inc. $AIZ

USA Financial Formulas acquired a new position in Assurant, Inc. (NYSE:AIZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,433 shares of the financial services provider’s stock, valued at approximately $905,000.

A number of other institutional investors have also recently bought and sold shares of AIZ. BlackRock Inc. bought a new position in Assurant during the second quarter valued at $1,345,211,000. Bank of America Corp DE purchased a new stake in Assurant in the second quarter worth $269,635,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Assurant in the second quarter valued at $1,826,000. Canada Pension Plan Investment Board bought a new stake in shares of Assurant in the second quarter valued at $8,700,000. Finally, Dockside LLC bought a new stake in shares of Assurant in the second quarter valued at $11,695,000. Institutional investors own 92.65% of the company’s stock.

Assurant News Roundup

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Assurant’s second quarter of 2027 to $6.13 from $6.08 and for the third quarter of 2028 to $5.88 from $5.86. The analyst team maintained its Strong-Buy rating.
• Positive Sentiment: Assurant’s latest reported quarter showed solid operating momentum: earnings of $6.41 per share exceeded the $5.17 consensus estimate, while revenue rose 9.4% year over year to $3.45 billion.
• Neutral Sentiment: Zacks’ current full-year earnings consensus for Assurant remains $22.40 per share. Its forecast for fiscal 2027 stands at $23.47 per share, indicating expected earnings growth despite a small downward revision from $23.50.
• Negative Sentiment: Zacks lowered several longer-term estimates, including fiscal 2028 EPS to $24.49 from $25.01, first-quarter 2028 EPS to $6.08 from $6.18, and second-quarter 2028 EPS to $5.99 from $6.44. It also made slight cuts to first-quarter 2027, third-quarter 2027 and fourth-quarter 2027 forecasts.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen raised Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. BMO Capital Markets lifted their price objective on Assurant from $274.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Truist Financial lifted their price objective on Assurant from $310.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price objective on Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Assurant from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $324.29.

Assurant Stock Performance

Shares of AIZ stock opened at $283.08 on Friday. The firm’s 50 day moving average is $277.80 and its 200 day moving average is $262.52. The stock has a market capitalization of $13.96 billion, a P/E ratio of 13.52 and a beta of 0.52. Assurant, Inc. has a 12 month low of $206.03 and a 12 month high of $303.94. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $1.24. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business earned $5.56 EPS. Assurant’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Assurant, Inc. will post 22.40 earnings per share for the current year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders 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 1.2%. Assurant’s dividend payout ratio is currently 16.81%.

Insider Activity at Assurant

In other news, EVP Biju Nair sold 3,931 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total value of $1,188,970.26. Following the completion of the transaction, the executive vice president directly owned 24,247 shares of the company’s stock, valued at $7,333,747.62. This trade represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Assurant Company Profile

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.