Equities Analysts Set Expectations for Assurant, Inc.’s Q3 2024 Earnings (NYSE:AIZ)

Assurant, Inc. (NYSE:AIZFree Report) – Analysts at Zacks Research lowered their Q3 2024 earnings estimates for Assurant in a research report issued to clients and investors on Tuesday, May 21st. Zacks Research analyst T. De now expects that the financial services provider will post earnings per share of $2.74 for the quarter, down from their prior forecast of $3.62. The consensus estimate for Assurant’s current full-year earnings is $16.17 per share. Zacks Research also issued estimates for Assurant’s Q2 2025 earnings at $3.74 EPS, Q3 2025 earnings at $3.45 EPS, Q4 2025 earnings at $3.92 EPS, FY2025 earnings at $14.68 EPS, Q1 2026 earnings at $3.89 EPS and FY2026 earnings at $14.83 EPS.

Several other analysts have also weighed in on AIZ. Keefe, Bruyette & Woods raised their price objective on Assurant from $182.00 to $186.00 and gave the company a “market perform” rating in a research note on Wednesday, May 15th. UBS Group lifted their price target on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Piper Sandler increased their price objective on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.25.

Read Our Latest Research Report on AIZ

Assurant Trading Down 1.1 %

Shares of AIZ stock opened at $169.51 on Thursday. Assurant has a fifty-two week low of $118.45 and a fifty-two week high of $189.48. The stock’s fifty day moving average price is $177.66 and its two-hundred day moving average price is $172.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $8.81 billion, a PE ratio of 11.83, a P/E/G ratio of 1.72 and a beta of 0.53.

Insider Activity

In related news, insider Robert Lonergan sold 2,700 shares of Assurant stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $176.12, for a total transaction of $475,524.00. Following the sale, the insider now directly owns 19,786 shares in the company, valued at approximately $3,484,710.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Assurant news, insider Robert Lonergan sold 2,700 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $176.12, for a total value of $475,524.00. Following the sale, the insider now owns 19,786 shares in the company, valued at approximately $3,484,710.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Dimitry Dirienzo sold 2,084 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $175.29, for a total value of $365,304.36. Following the transaction, the chief accounting officer now owns 3,702 shares of the company’s stock, valued at $648,923.58. The disclosure for this sale can be found here. Insiders sold 12,788 shares of company stock valued at $2,248,489 over the last quarter. 0.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Assurant

A number of institutional investors have recently modified their holdings of AIZ. FMR LLC lifted its holdings in Assurant by 7.5% in the third quarter. FMR LLC now owns 2,748,162 shares of the financial services provider’s stock valued at $394,581,000 after buying an additional 191,750 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Assurant by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,865,496 shares of the financial services provider’s stock valued at $267,848,000 after purchasing an additional 109,123 shares during the period. Lyrical Asset Management LP boosted its position in shares of Assurant by 2.0% during the 4th quarter. Lyrical Asset Management LP now owns 783,257 shares of the financial services provider’s stock valued at $131,971,000 after purchasing an additional 15,074 shares in the last quarter. Northern Trust Corp grew its stake in Assurant by 23.4% during the fourth quarter. Northern Trust Corp now owns 737,099 shares of the financial services provider’s stock worth $124,194,000 after purchasing an additional 139,680 shares during the period. Finally, Norges Bank bought a new stake in Assurant in the fourth quarter worth approximately $108,253,000. 92.65% of the stock is owned by institutional investors.

About Assurant

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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.

Further Reading

Earnings History and Estimates for Assurant (NYSE:AIZ)

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