Assurant FY2026 Earnings Forecast Boosted by DOWLING & PARTN

Assurant, Inc. (NYSE:AIZ) – Stock analysts at DOWLING & PARTN raised their FY2026 earnings per share estimates for Assurant in a research note issued on Wednesday, October 7th. DOWLING & PARTN analyst D. Lukpanov now anticipates that the financial services provider will post earnings per share of $23.00 for the year, up from their previous estimate of $22.50. The consensus estimate for Assurant’s current full-year earnings is $22.32 per share.

A number of other research analysts have also commented on the company. Zacks Research upgraded Assurant from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Truist Financial raised their price objective on shares of Assurant from $310.00 to $355.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley dropped their target price on shares of Assurant from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday. Piper Sandler upped 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $324.29.

Assurant Stock Performance

AIZ opened at $272.43 on Friday. The firm has a market capitalization of $13.44 billion, a P/E ratio of 13.01 and a beta of 0.52. The stock’s 50 day moving average price is $279.46 and its two-hundred day moving average price is $260.40. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. Assurant has a 12-month low of $206.03 and a 12-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, topping analysts’ consensus estimates of $5.17 by $1.24. Assurant had a return on equity of 20.40% and a net margin of 7.90%.The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $5.56 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Assurant during the second quarter worth about $1,345,211,000. Bank of New York Mellon Corp acquired a new stake in Assurant during the second quarter valued at approximately $1,269,591,000. Bank of America Corp DE bought a new stake in shares of Assurant in the 2nd quarter valued at approximately $269,635,000. Deutsche Bank AG bought a new stake in shares of Assurant in the 2nd quarter valued at approximately $76,718,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Assurant by 22.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,125,406 shares of the financial services provider’s stock valued at $245,121,000 after purchasing an additional 205,767 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Assurant

In other news, EVP Biju Nair sold 3,931 shares of Assurant stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the sale, the executive vice president owned 24,247 shares of the company’s stock, valued at approximately $7,333,747.62. This trade represents a 13.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Assurant Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were given a $0.88 dividend. The ex-dividend date was 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 (DPR) is currently 16.81%.

About Assurant

Assurant, Inc is a global business services company that provides insurance products and related services supporting major purchases and everyday needs. Its offerings are distributed through partnerships with mobile carriers, retailers, automotive manufacturers and dealers, financial institutions, housing providers, and other businesses.

Through its Global Lifestyle business, Assurant provides mobile device protection, extended service contracts, vehicle service contracts, and related protection products.