What is Zacks Research’s Forecast for Assurant Q2 Earnings?

Assurant, Inc. (NYSE:AIZ) – Stock analysts at Zacks Research upped their Q2 2027 earnings estimates for Assurant in a research report issued on Tuesday, August 18th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $5.77 per share for the quarter, up from their prior forecast of $5.67. The consensus estimate for Assurant’s current full-year earnings is $21.61 per share. Zacks Research also issued estimates for Assurant’s Q3 2027 earnings at $5.65 EPS, Q1 2028 earnings at $6.37 EPS and Q2 2028 earnings at $5.77 EPS.

Several other equities analysts have also recently issued reports on the stock. Piper Sandler boosted their target price 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. Wall Street Zen lowered Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods increased their price target on Assurant from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Assurant from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada set a $310.00 price objective on shares of Assurant in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Assurant presently has a consensus rating of “Buy” and a consensus target price of $316.57.

Assurant Stock Down 0.4%

Shares of AIZ stock opened at $280.07 on Wednesday. Assurant has a twelve month low of $205.01 and a twelve month high of $303.94. The stock has a market cap of $13.81 billion, a P/E ratio of 13.38 and a beta of 0.55. The stock has a 50 day moving average of $274.98 and a 200 day moving average of $246.87. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36.

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

Institutional Trading of Assurant

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Assurant in the 2nd quarter valued at $27,000. Montag A & Associates Inc. acquired a new position in shares of Assurant in the fourth quarter worth $28,000. First Bancorp Inc ME purchased a new position in Assurant in the second quarter valued at $31,000. BOKF NA purchased a new stake in Assurant during the 3rd quarter worth about $32,000. Finally, Western Wealth Management LLC acquired a new position in shares of Assurant during the first quarter worth about $33,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Insider Buying and Selling

In other Assurant news, EVP Robert Lonergan sold 7,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $262.71, for a total value of $1,838,970.00. Following the completion of the sale, the executive vice president directly owned 27,374 shares in the company, valued at $7,191,423.54. This represents a 20.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nair Biju sold 3,931 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 24,247 shares of the company’s stock, valued at $7,333,747.62. This represents a 13.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,931 shares of company stock worth $3,539,300. 0.54% of the stock is owned by corporate insiders.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be given a $0.88 dividend. The ex-dividend date is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.3%. Assurant’s dividend payout ratio is 16.81%.

About Assurant

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.