Assurant (AIZ) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assurant in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AIZ shares.
View AIZ analyst ratings or view top-rated stocks.

4 brokers have issued 1-year price objectives for Assurant's stock. Their AIZ share price targets range from $52.00 to $205.00. On average, they predict the company's share price to reach $155.40 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
View analysts price targets for AIZ or view top-rated stocks among Wall Street analysts.

Assurant's stock was trading at $125.06 on January 1st, 2023. Since then, AIZ stock has increased by 34.7% and is now trading at $168.49.
View the best growth stocks for 2023 here.

Assurant saw a increase in short interest in the month of November. As of November 30th, there was short interest totaling 847,600 shares, an increase of 15.5% from the November 15th total of 733,600 shares. Based on an average daily volume of 376,400 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.6% of the shares of the stock are sold short.
View Assurant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our AIZ earnings forecast.

Assurant, Inc. (NYSE:AIZ) issued its quarterly earnings results on Wednesday, November, 1st. The financial services provider reported $4.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $1.81. The financial services provider had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.70 billion. Assurant had a net margin of 4.89% and a trailing twelve-month return on equity of 17.35%. Assurant's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS.
Read the conference call transcript.

Assurant declared a quarterly dividend on Thursday, November 9th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.72 per share on Monday, December 18th. This represents a $2.88 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, November 24th. This is an increase from the stock's previous quarterly dividend of $0.70.
Read our dividend analysis for AIZ.

Assurant (NYSE:AIZ) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.71%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIZ will have a dividend payout ratio of 18.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIZ.

ETFs with the largest weight of Assurant (NYSE:AIZ) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), SPDR S&P Insurance ETF (KIE), Invesco S&P 500 Equal Weight Financials ETF (RSPF), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco S&P 500 Equal Weight Financials ETF (RYF), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Pure Value ETF (RPV) and Fidelity Low Volatility Factor ETF (FDLO).

Assurant declared that its Board of Directors has initiated a share repurchase program on Thursday, November 9th 2023, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

400 employees have rated Assurant Chief Executive Officer Alan Colberg on Glassdoor.com. Alan Colberg has an approval rating of 84% among the company's employees. 65.0% of employees surveyed would recommend working at Assurant to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Assurant investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), AbbVie (ABBV), Endologix (ELGX), Intel (INTC), Johnson & Johnson (JNJ), Accenture (ACN), Micron Technology (MU) and Abbott Laboratories (ABT).

Shares of AIZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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