Assurant (NYSE:AIZ) Reaches New 12-Month High on Better-Than-Expected Earnings

Assurant, Inc. (NYSE:AIZ) shares hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $302.29 and last traded at $298.85, with a volume of 45074 shares changing hands. The stock had previously closed at $281.31.

The financial services provider reported $6.41 earnings per share for the quarter, beating the consensus estimate of $5.17 by $1.24. Assurant had a net margin of 7.60% and a return on equity of 20.32%. 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 prior year, the business posted $5.56 earnings per share. Assurant’s revenue was up 9.4% compared to the same quarter last year.

Assurant Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 8th were paid a $0.88 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.2%. Assurant’s dividend payout ratio is 18.01%.

Key Headlines Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Assurant reported second-quarter earnings of $6.41 per share, well above the $5.16–$5.17 consensus estimate and up from $5.56 a year earlier. Revenue increased 9.4% year over year to $3.45 billion, also topping expectations. Assurant Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management increased its full-year outlook and characterized the quarter as a record second quarter, signaling stronger expected operating performance and providing a positive catalyst for AIZ. Assurant Increases Full Year Outlook, Delivers Record Second Quarter Results
• Positive Sentiment: Assurant’s second-quarter sales beat analyst estimates, reinforcing the earnings report’s indication of healthy business momentum. Assurant’s Q2 CY2026 Sales Beat Estimates
• Neutral Sentiment: Zacks Research made mixed changes to future forecasts: it slightly lowered its Q1 2027 and full-year 2027 EPS estimates to $4.97 and $22.46, respectively, but raised its Q2 2028 and full-year 2028 estimates to $5.66 and $24.44.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating on shares of Assurant in a research note on Monday, June 22nd. Royal Bank Of Canada set a $310.00 target price on Assurant in a research note on Wednesday, June 17th. Weiss Ratings cut Assurant from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group boosted their target price on Assurant from $270.00 to $274.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $291.43.

Insiders Place Their Bets

In other news, EVP Keith Meier sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $254.31, for a total transaction of $6,357,750.00. Following the sale, the executive vice president owned 18,552 shares of the company’s stock, valued at $4,717,959.12. This trade represents a 57.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Lonergan sold 7,000 shares of Assurant stock in a transaction dated 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 transaction, the executive vice president owned 27,374 shares in the company, valued at $7,191,423.54. This trade represents a 20.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 36,000 shares of company stock valued at $9,211,620 in the last three months. Insiders own 0.54% of the company’s stock.

Institutional Trading of Assurant

Institutional investors have recently modified their holdings of the company. Ascent Group LLC grew its holdings in shares of Assurant by 0.8% during the fourth quarter. Ascent Group LLC now owns 5,339 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 43 shares in the last quarter. ProShare Advisors LLC lifted its stake in Assurant by 0.3% in the 4th quarter. ProShare Advisors LLC now owns 17,064 shares of the financial services provider’s stock valued at $4,110,000 after acquiring an additional 47 shares in the last quarter. Root Financial Partners LLC boosted its position in Assurant by 27.5% during the 1st quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 53 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Assurant by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,739 shares of the financial services provider’s stock worth $1,250,000 after acquiring an additional 54 shares during the last quarter. Finally, Blackhawk Capital Partners LLC grew its stake in shares of Assurant by 2.5% during the 1st quarter. Blackhawk Capital Partners LLC now owns 2,223 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 55 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant Stock Up 5.0%

The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.63 billion, a P/E ratio of 15.11 and a beta of 0.55. The firm’s 50 day moving average price is $267.94 and its two-hundred day moving average price is $243.31.

About Assurant

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.