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.
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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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.
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