Zacks Research Has Bullish Estimate for Assurant Q1 Earnings

Assurant, Inc. (NYSE:AIZ) – Analysts at Zacks Research boosted their Q1 2027 EPS estimates for Assurant in a report released on Thursday, September 17th. Zacks Research analyst Team now expects that the financial services provider will post earnings of $6.06 per share for the quarter, up from their previous estimate of $5.62. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Assurant’s current full-year earnings is $22.28 per share. Zacks Research also issued estimates for Assurant’s FY2027 earnings at $23.50 EPS and FY2028 earnings at $25.01 EPS.

Other equities research analysts have also issued reports about the company. Piper Sandler raised their price objective on Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group raised their price target on Assurant from $274.00 to $331.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of 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 target on Assurant in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $327.14.

Assurant Trading Up 0.3%

Assurant stock opened at $284.39 on Friday. The company has a 50 day moving average price of $282.16 and a 200 day moving average price of $255.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. Assurant has a 52 week low of $206.03 and a 52 week high of $303.94. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 13.58 and a beta of 0.54.

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

Hedge Funds Weigh In On Assurant

Several large investors have recently added to or reduced their stakes in AIZ. ProShare Advisors LLC increased its stake in shares of Assurant by 0.3% in the 4th quarter. ProShare Advisors LLC now owns 17,064 shares of the financial services provider’s stock valued at $4,110,000 after purchasing an additional 47 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Assurant by 27.5% during the 1st quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 53 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Assurant by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,739 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 54 shares in the last quarter. Blackhawk Capital Partners LLC boosted its position in Assurant by 2.5% during the 1st quarter. Blackhawk Capital Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $484,000 after buying an additional 55 shares during the period. Finally, Arlington Trust Co LLC lifted its holdings in shares of Assurant by 81.4% during the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Activity

In related news, EVP Biju Nair sold 3,931 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $302.46, for a total value of $1,188,970.26. Following the completion of the sale, the executive vice president owned 24,247 shares in the company, valued at approximately $7,333,747.62. This trade represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Lonergan sold 7,000 shares of Assurant stock in a transaction dated 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 sale, the executive vice president directly owned 27,374 shares in the company, valued at approximately $7,191,423.54. This trade represents a 20.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.54% of the company’s stock.

Assurant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, August 31st will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. Assurant’s dividend payout ratio is 16.81%.

About Assurant

Assurant, Inc is a global business services and insurance company that provides protection products and services supporting major purchases and everyday needs. Its offerings are designed to help consumers, businesses and distribution partners manage risks associated with connected devices, housing and transportation.

The company’s Lifestyle segment provides mobile device protection, extended service contracts, vehicle service contracts and related services. Its Global Housing segment offers renters insurance, homeowners insurance, lender-placed insurance and other specialty property products.