Q3 2024 Earnings Estimate for Assurant, Inc. Issued By Zacks Research (NYSE:AIZ)

Assurant, Inc. (NYSE:AIZ) – Stock analysts at Zacks Research reduced their Q3 2024 EPS estimates for Assurant in a research report issued on Tuesday, May 21st. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $2.74 for the quarter, down from their previous forecast of $3.62. The consensus estimate for Assurant’s current full-year earnings is $16.21 per share. Zacks Research also issued estimates for Assurant’s Q2 2025 earnings at $3.74 EPS, Q3 2025 earnings at $3.45 EPS, Q4 2025 earnings at $3.92 EPS, FY2025 earnings at $14.68 EPS, Q1 2026 earnings at $3.89 EPS and FY2026 earnings at $14.83 EPS.

Other research analysts have also issued reports about the company. Piper Sandler lifted their target price on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Assurant from $182.00 to $186.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 15th. Finally, UBS Group increased their target price on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.25.

Assurant Stock Up 1.4 %

Shares of AIZ stock opened at $169.01 on Thursday. Assurant has a 1 year low of $118.45 and a 1 year high of $189.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39. The business’s fifty day moving average is $177.15 and its 200-day moving average is $172.23. The stock has a market cap of $8.79 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.69 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIZ. BKM Wealth Management LLC purchased a new position in shares of Assurant during the 4th quarter valued at $25,000. Harvest Fund Management Co. Ltd grew its stake in Assurant by 104.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Assurant in the 4th quarter worth about $40,000. Assetmark Inc. purchased a new stake in shares of Assurant during the 4th quarter worth about $44,000. Finally, Quarry LP acquired a new stake in shares of Assurant during the 4th quarter valued at about $51,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Francesca Luthi sold 6,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $176.36, for a total value of $1,181,612.00. Following the completion of the transaction, the chief operating officer now owns 10,748 shares of the company’s stock, valued at approximately $1,895,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Assurant news, insider Robert Lonergan sold 2,700 shares of Assurant stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $176.12, for a total transaction of $475,524.00. Following the transaction, the insider now owns 19,786 shares of the company’s stock, valued at approximately $3,484,710.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Francesca Luthi sold 6,700 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $176.36, for a total transaction of $1,181,612.00. Following the completion of the sale, the chief operating officer now directly owns 10,748 shares of the company’s stock, valued at $1,895,517.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,788 shares of company stock worth $2,248,489. Company insiders own 0.53% of the company’s stock.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.88 annualized dividend and a yield of 1.70%. Assurant’s payout ratio is presently 20.10%.

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.