Q3 2018 EPS Estimates for Assurant Decreased by SunTrust Banks (AIZ)

Assurant (NYSE:AIZ) – Research analysts at SunTrust Banks dropped their Q3 2018 earnings per share (EPS) estimates for shares of Assurant in a research note issued to investors on Thursday, April 12th. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings of $1.57 per share for the quarter, down from their prior forecast of $1.78. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Assurant’s Q4 2018 earnings at $1.96 EPS, Q3 2019 earnings at $1.90 EPS, Q4 2019 earnings at $2.29 EPS and FY2019 earnings at $8.35 EPS.

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Several other equities analysts also recently commented on AIZ. UBS started coverage on Assurant in a research note on Friday, March 2nd. They issued a “buy” rating and a $127.00 price objective on the stock. ValuEngine upgraded Assurant from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th.

Assurant stock opened at $92.50 on Monday. Assurant has a 12 month low of $84.34 and a 12 month high of $106.99. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4,802.02, a P/E ratio of 23.23, a PEG ratio of 0.64 and a beta of 0.55.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.58 by $0.26. Assurant had a return on equity of 5.24% and a net margin of 8.10%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. Assurant’s revenue for the quarter was down 4.3% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Monday, February 26th were given a dividend of $0.56 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.24 annualized dividend and a dividend yield of 2.42%. Assurant’s dividend payout ratio is currently 56.28%.

Large investors have recently bought and sold shares of the business. California Public Employees Retirement System lifted its position in shares of Assurant by 8.1% during the third quarter. California Public Employees Retirement System now owns 217,047 shares of the financial services provider’s stock worth $20,732,000 after acquiring an additional 16,346 shares in the last quarter. AXA purchased a new stake in shares of Assurant during the fourth quarter worth $2,279,000. Hudson Bay Capital Management LP purchased a new stake in shares of Assurant during the fourth quarter worth $6,083,000. USS Investment Management Ltd lifted its position in shares of Assurant by 23.3% during the fourth quarter. USS Investment Management Ltd now owns 229,000 shares of the financial services provider’s stock worth $23,094,000 after acquiring an additional 43,300 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Assurant during the fourth quarter worth $206,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.

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About Assurant

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; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services.

Earnings History and Estimates for Assurant (NYSE:AIZ)

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