Assurant, Inc. (NYSE:AIZ – Free Report) – Equities researchers at William Blair cut their Q1 2025 earnings per share estimates for Assurant in a research note issued to investors on Thursday, November 7th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $4.74 for the quarter, down from their previous estimate of $4.82. The consensus estimate for Assurant’s current full-year earnings is $14.13 per share. William Blair also issued estimates for Assurant’s FY2025 earnings at $17.45 EPS, Q2 2026 earnings at $4.71 EPS and FY2026 earnings at $18.80 EPS.
Assurant (NYSE:AIZ – Get Free Report) last posted its quarterly earnings results 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. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business posted $4.29 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year.
View Our Latest Stock Report on AIZ
Assurant Stock Performance
Shares of NYSE:AIZ opened at $205.84 on Friday. The firm has a 50 day moving average of $194.91 and a 200 day moving average of $181.12. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. Assurant has a 52 week low of $158.29 and a 52 week high of $208.67.
Assurant Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 1.40%. Assurant’s dividend payout ratio is currently 19.19%.
Insider Transactions at Assurant
In other news, EVP Martin Jenns sold 1,500 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total transaction of $267,195.00. Following the completion of the sale, the executive vice president now owns 4,027 shares of the company’s stock, valued at $717,329.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Assurant news, EVP Martin Jenns sold 1,500 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now owns 4,027 shares in the company, valued at approximately $717,329.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Dimitry Dirienzo sold 550 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction of $103,642.00. Following the transaction, the chief accounting officer now owns 3,152 shares in the company, valued at $593,962.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Institutional Trading of Assurant
Hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. raised its position in Assurant by 210.7% in the first quarter. QRG Capital Management Inc. now owns 8,705 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 5,903 shares during the period. SteelPeak Wealth LLC lifted its holdings in Assurant by 770.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 13,051 shares of the financial services provider’s stock worth $2,170,000 after buying an additional 11,551 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Assurant by 608.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,640 shares of the financial services provider’s stock valued at $1,062,000 after buying an additional 4,844 shares during the period. Bessemer Group Inc. raised its stake in shares of Assurant by 3,412.0% in the first quarter. Bessemer Group Inc. now owns 14,645 shares of the financial services provider’s stock valued at $2,757,000 after acquiring an additional 14,228 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Assurant by 443.7% in the first quarter. Cetera Investment Advisers now owns 12,973 shares of the financial services provider’s stock valued at $2,442,000 after purchasing an additional 10,587 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.
About Assurant
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.
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