FY2024 EPS Estimates for Assurant Lifted by William Blair

Assurant, Inc. (NYSE:AIZ) – William Blair boosted their FY2024 earnings per share (EPS) estimates for Assurant in a note issued to investors on Thursday, November 7th. William Blair analyst J. Schmitt now forecasts that the financial services provider will post earnings of $15.60 per share for the year, up from their prior forecast of $14.40. The consensus estimate for Assurant’s current full-year earnings is $14.13 per share. William Blair also issued estimates for Assurant’s Q4 2024 earnings at $3.73 EPS, Q2 2025 earnings at $4.34 EPS, Q3 2025 earnings at $3.03 EPS, Q4 2025 earnings at $5.34 EPS, Q1 2026 earnings at $5.26 EPS and Q3 2026 earnings at $3.08 EPS.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.48. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Assurant had a return on equity of 17.42% and a net margin of 6.31%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.29 earnings per share.

A number of other research firms have also recently issued reports on AIZ. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. UBS Group increased their price target on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Piper Sandler increased their price target on Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price target on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. Finally, Truist Financial increased their price target on Assurant from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.60.

Assurant Stock Performance

Shares of AIZ stock opened at $209.39 on Monday. The business’s 50 day simple moving average is $195.18 and its 200 day simple moving average is $181.39. Assurant has a one year low of $158.68 and a one year high of $209.73. The stock has a market capitalization of $10.84 billion, a PE ratio of 14.94, a PEG ratio of 2.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.66 and a quick ratio of 0.40.

Institutional Trading of Assurant

Large investors have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Assurant by 4.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,880 shares of the financial services provider’s stock worth $31,794,000 after buying an additional 6,756 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Assurant by 3.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,673 shares of the financial services provider’s stock worth $1,526,000 after buying an additional 268 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Assurant in the 3rd quarter worth approximately $280,000. Caprock Group LLC lifted its position in Assurant by 30.2% in the 3rd quarter. Caprock Group LLC now owns 1,622 shares of the financial services provider’s stock worth $323,000 after buying an additional 376 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position in Assurant by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 10,087 shares of the financial services provider’s stock worth $2,006,000 after buying an additional 52 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Insiders Place Their Bets

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the transaction, the chief accounting officer now owns 3,152 shares in the company, valued at $593,962.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, September 3rd. Assurant’s dividend payout ratio (DPR) is currently 20.54%.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.