Zacks Research Has Bullish Forecast for Assurant Q1 Earnings

Assurant, Inc. (NYSE:AIZ) – Equities research analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for Assurant in a research report issued on Thursday, September 17th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $6.06 for the quarter, up from their prior estimate of $5.62. 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 FY2027 earnings at $23.50 EPS and FY2028 earnings at $25.01 EPS.

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

AIZ has been the topic of several other research reports. UBS Group lifted their price objective on shares of Assurant from $274.00 to $331.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings raised shares of Assurant from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BMO Capital Markets lifted their price target on shares of Assurant from $274.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Finally, Royal Bank Of Canada set a $310.00 price objective on Assurant in a report on Wednesday, June 17th. 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, the stock currently has an average rating of “Buy” and a consensus price target of $327.14.

Assurant Price Performance

Shares of NYSE:AIZ opened at $284.39 on Friday. The company has a market capitalization of $14.03 billion, a P/E ratio of 13.58 and a beta of 0.54. The company’s 50-day moving average is $282.16 and its 200 day moving average is $255.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. Assurant has a fifty-two week low of $206.03 and a fifty-two week high of $303.94.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, August 31st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Assurant’s payout ratio is 16.81%.

Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,931 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 24,247 shares in the company, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Lonergan sold 7,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $262.71, for a total value of $1,838,970.00. Following the sale, the executive vice president directly owned 27,374 shares of the company’s stock, valued at approximately $7,191,423.54. This trade represents a 20.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Assurant

A number of large investors have recently added to or reduced their stakes in the company. First Bancorp Inc ME purchased a new position in shares of Assurant in the 2nd quarter worth about $31,000. Western Wealth Management LLC bought a new stake in shares of Assurant in the first quarter worth $33,000. Arlington Trust Co LLC boosted its holdings 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 buying an additional 57 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new stake in shares of Assurant in the 2nd quarter worth $40,000. Finally, Root Financial Partners LLC increased its position in Assurant by 27.5% in the first quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock worth $54,000 after buying an additional 53 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

About Assurant

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.