Assurant, Inc. (AIZ) Scheduled to Post Earnings on Tuesday
Assurant, Inc. (NYSE:AIZ) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 1st. Analysts expect Assurant to post earnings of $1.56 per share for the quarter.
Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, May 2nd. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.36. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Assurant had a net margin of 7.05% and a return on equity of 6.51%. On average, analysts expect Assurant to post $6.55 EPS for the current fiscal year and $7.22 EPS for the next fiscal year.
Assurant, Inc. (NYSE AIZ) opened at 106.00 on Tuesday. Assurant, Inc. has a one year low of $78.50 and a one year high of $106.47. The stock has a 50 day moving average of $103.41 and a 200-day moving average of $98.99. The firm has a market capitalization of $5.81 billion, a PE ratio of 12.93 and a beta of 0.77.
In other Assurant news, EVP Christopher J. Pagano sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $102.94, for a total value of $720,580.00. Following the sale, the executive vice president now directly owns 55,978 shares in the company, valued at $5,762,375.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.
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Separately, BidaskClub upgraded Assurant from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $98.33.
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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