Zacks Research Analysts Cut Earnings Estimates for Assurant

Assurant, Inc. (NYSE:AIZ) – Zacks Research reduced their Q3 2027 earnings per share (EPS) estimates for shares of Assurant in a research note issued on Thursday, October 15th. Zacks Research analyst Team now anticipates that the financial services provider will earn $5.75 per share for the quarter, down from their prior estimate of $5.76. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $22.40 per share. Zacks Research also issued estimates for Assurant’s Q4 2027 earnings at $5.59 EPS and Q2 2028 earnings at $5.99 EPS.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.41 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.43 billion. During the same period last year, the business posted $5.56 earnings per share. Assurant’s revenue was up 9.4% on a year-over-year basis.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Assurant from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Wall Street Zen raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. UBS Group boosted their price target on shares of Assurant from $274.00 to $331.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Piper Sandler upped their price target on shares of Assurant from $290.00 to $329.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Assurant from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $324.29.

Assurant Trading Up 1.8%

Shares of AIZ stock opened at $281.43 on Friday. 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 firm has a market cap of $13.88 billion, a P/E ratio of 13.44 and a beta of 0.52. The company has a 50 day moving average of $277.93 and a 200-day moving average of $262.38. Assurant has a 12-month low of $206.03 and a 12-month high of $303.94.

Assurant Announces Dividend

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

Insider Activity

In related news, EVP Biju Nair sold 3,931 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the sale, the executive vice president owned 24,247 shares of the company’s stock, valued at approximately $7,333,747.62. This represents a 13.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIZ. BlackRock Inc. bought a new stake in shares of Assurant during the second quarter valued at about $1,345,211,000. Bank of New York Mellon Corp bought a new position in shares of Assurant in the second quarter valued at approximately $1,269,591,000. Dimensional Fund Advisors LP grew its stake in Assurant by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,125,406 shares of the financial services provider’s stock valued at $245,121,000 after acquiring an additional 205,767 shares in the last quarter. Bank of America Corp DE purchased a new position in Assurant during the second quarter valued at approximately $269,635,000. Finally, First Trust Advisors LP grew its stake in Assurant by 9.2% during the first quarter. First Trust Advisors LP now owns 632,896 shares of the financial services provider’s stock valued at $137,851,000 after acquiring an additional 53,470 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.