Equities research analysts predict that Assurant, Inc. (NYSE:AIZ) will announce $2.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Assurant’s earnings. The lowest EPS estimate is $1.91 and the highest is $2.29. Assurant reported earnings per share of $1.41 during the same quarter last year, which indicates a positive year over year growth rate of 48.2%. The firm is scheduled to report its next quarterly earnings results on Monday, November 1st.
On average, analysts expect that Assurant will report full-year earnings of $9.93 per share for the current financial year, with EPS estimates ranging from $9.80 to $10.20. For the next financial year, analysts forecast that the business will post earnings of $12.15 per share, with EPS estimates ranging from $12.00 to $12.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Assurant.
Assurant (NYSE:AIZ) last issued its quarterly earnings data on Monday, August 2nd. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.50. Assurant had a return on equity of 9.05% and a net margin of 4.74%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.38 billion.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIZ. BlackRock Inc. raised its position in shares of Assurant by 9.5% in the first quarter. BlackRock Inc. now owns 5,363,868 shares of the financial services provider’s stock valued at $760,437,000 after buying an additional 463,974 shares in the last quarter. Vanguard Group Inc. raised its position in Assurant by 5.2% during the second quarter. Vanguard Group Inc. now owns 7,124,917 shares of the financial services provider’s stock valued at $1,112,770,000 after purchasing an additional 350,826 shares in the last quarter. Schroder Investment Management Group raised its position in Assurant by 45.1% during the first quarter. Schroder Investment Management Group now owns 1,091,742 shares of the financial services provider’s stock valued at $154,776,000 after purchasing an additional 339,146 shares in the last quarter. Bank of New York Mellon Corp raised its position in Assurant by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 2,300,723 shares of the financial services provider’s stock valued at $359,326,000 after purchasing an additional 291,234 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Assurant during the first quarter valued at approximately $29,415,000. Institutional investors own 95.81% of the company’s stock.
Shares of NYSE:AIZ traded down $0.99 during trading on Thursday, reaching $162.92. 440,185 shares of the stock were exchanged, compared to its average volume of 396,667. Assurant has a 12 month low of $116.11 and a 12 month high of $172.22. The firm has a market cap of $9.58 billion, a PE ratio of 21.41, a PEG ratio of 0.94 and a beta of 0.66. The stock has a 50-day moving average price of $162.37 and a 200-day moving average price of $155.29. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 21st. Stockholders of record on Monday, August 30th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 27th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.62%. Assurant’s payout ratio is 30.59%.
Assurant, Inc engages in the provision of risk management solutions. It operates through the following segments: Global Housing, Global Lifestyle and Global Preneed. The Global Housing segment provides lender-placed homeowners, multi-family housing and mortgage solutions. The Global Lifestyle segment offers mobile device protection products, related & extended service products and related services for consumer electronics & appliances, vehicle protection services, and credit insurance.
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