Assurant (AIZ) Set to Announce Quarterly Earnings on Thursday

Assurant (NYSE:AIZ) will release its earnings data on Thursday, May 23rd. Analysts expect Assurant to post earnings of $3.87 per share for the quarter.

Assurant Stock Performance

NYSE AIZ opened at $171.42 on Wednesday. Assurant has a 1-year low of $118.45 and a 1-year high of $189.48. The company has a 50 day moving average of $177.90 and a 200-day moving average of $172.24. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.42. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.72 and a beta of 0.53.

Insider Transactions at Assurant

In other Assurant news, CAO Dimitry Dirienzo sold 2,084 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $175.29, for a total transaction of $365,304.36. Following the transaction, the chief accounting officer now directly owns 3,702 shares in the company, valued at approximately $648,923.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Assurant news, COO Francesca Luthi sold 6,700 shares of the company’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 sale, the chief operating officer now owns 10,748 shares of the company’s stock, valued at $1,895,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dimitry Dirienzo sold 2,084 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $175.29, for a total transaction of $365,304.36. Following the completion of the sale, the chief accounting officer now owns 3,702 shares in the company, valued at $648,923.58. The disclosure for this sale can be found here. Insiders sold a total of 11,484 shares of company stock worth $2,022,440 over the last 90 days. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.