Equities Analysts Offer Predictions for Assurant Q2 Earnings

Assurant, Inc. (NYSE:AIZ) – Stock analysts at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for Assurant in a research note issued on Thursday, September 17th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings per share of $6.08 for the quarter, down from their prior forecast of $6.09. Zacks Research currently 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 Q3 2027 earnings at $5.76 EPS, Q1 2028 earnings at $6.18 EPS and Q2 2028 earnings at $6.44 EPS.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada set a $310.00 price target on Assurant in a report on Wednesday, June 17th. Truist Financial boosted their price objective on shares of Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley upped their price objective on shares of Assurant from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Piper Sandler raised their target price on shares of Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, UBS Group lifted their target price on shares of Assurant from $274.00 to $331.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $327.14.

Assurant Trading Down 1.8%

Shares of AIZ stock opened at $277.20 on Monday. The company has a market capitalization of $13.67 billion, a P/E ratio of 13.24 and a beta of 0.54. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $282.17 and its two-hundred day moving average is $256.04. Assurant has a twelve month low of $206.03 and a twelve month high of $303.94.

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

Assurant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, August 31st will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 31st. Assurant’s dividend payout ratio is currently 16.81%.

Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,931 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total value of $1,188,970.26. Following the completion of the transaction, the executive vice president owned 24,247 shares in the company, valued at approximately $7,333,747.62. This represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Assurant

A number of large investors have recently made changes to their positions in the stock. ProShare Advisors LLC increased its position in Assurant by 0.3% during the 4th quarter. ProShare Advisors LLC now owns 17,064 shares of the financial services provider’s stock worth $4,110,000 after purchasing an additional 47 shares in the last quarter. Root Financial Partners LLC lifted its position in Assurant by 27.5% during the first quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock valued at $54,000 after buying an additional 53 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in 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 worth $1,250,000 after buying an additional 54 shares during the period. Blackhawk Capital Partners LLC grew its stake in Assurant by 2.5% during the first 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 increased its position in shares of Assurant by 81.4% in the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Assurant Company Profile

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.