Assurant (NYSE:AIZ) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 5th. Analysts expect Assurant to post earnings of $1.71 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.13 by $0.21. Assurant had a net margin of 4.00% and a return on equity of 7.58%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the business posted $2.13 EPS. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. On average, analysts expect Assurant to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of NYSE AIZ opened at $125.31 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.35. Assurant has a 12 month low of $82.31 and a 12 month high of $127.93. The company has a 50 day simple moving average of $125.64 and a two-hundred day simple moving average of $111.76. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 21.61 and a beta of 0.48.
Several brokerages have commented on AIZ. Morgan Stanley lifted their price objective on shares of Assurant from $119.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. SunTrust Banks lifted their price objective on shares of Assurant from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group lifted their price objective on shares of Assurant from $153.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, October 10th.
In other news, EVP Michael P. Campbell sold 5,500 shares of Assurant stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $124.26, for a total transaction of $683,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gene Mergelmeyer sold 15,000 shares of Assurant stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $124.24, for a total transaction of $1,863,600.00. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.
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