DOWLING & PARTN Estimates Assurant FY2028 Earnings

Assurant, Inc. (NYSE:AIZ) – Equities research analysts at DOWLING & PARTN issued their FY2028 earnings per share (EPS) estimates for shares of Assurant in a research note issued to investors on Tuesday, September 29th. DOWLING & PARTN analyst D. Lukpanov anticipates that the financial services provider will post earnings of $24.00 per share for the year. The consensus estimate for Assurant’s current full-year earnings is $22.28 per share.

AIZ has been the subject of a number of other research reports. Wall Street Zen lowered shares of Assurant from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley boosted their price target on shares of Assurant from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods upped their price target on shares of Assurant from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Piper Sandler increased their price objective on shares of Assurant from $290.00 to $329.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Assurant from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $327.14.

Assurant Price Performance

Shares of NYSE AIZ opened at $263.84 on Thursday. Assurant has a fifty-two week low of $206.03 and a fifty-two week high of $303.94. The firm’s 50-day simple moving average is $280.75 and its 200 day simple moving average is $258.17. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The stock has a market cap of $13.01 billion, a P/E ratio of 12.60 and a beta of 0.54.

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

Institutional Trading of Assurant

Hedge funds and other institutional investors have recently modified their holdings of the business. First Bancorp Inc ME acquired a new stake in shares of Assurant in the second quarter worth $31,000. Arlington Trust Co LLC raised its position in Assurant by 81.4% during the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Transamerica Financial Advisors LLC purchased a new stake in Assurant in the 2nd quarter worth about $40,000. Western Wealth Management LLC purchased a new stake in Assurant in the 1st quarter worth about $33,000. Finally, Root Financial Partners LLC boosted its position in Assurant by 27.5% during the 1st quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insiders Place Their Bets

In other Assurant 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 directly owned 24,247 shares in the company, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, August 31st were paid a $0.88 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.3%. Assurant’s dividend payout ratio (DPR) is currently 16.81%.

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.