Wall Street brokerages expect that Assurant, Inc. (NYSE:AIZ) will post sales of $1.61 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Assurant’s earnings, with the highest sales estimate coming in at $1.61 billion and the lowest estimate coming in at $1.60 billion. Assurant reported sales of $1.69 billion during the same quarter last year, which indicates a negative year over year growth rate of 4.7%. The business is expected to issue its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Assurant will report full year sales of $1.61 billion for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $6.55 billion per share, with estimates ranging from $6.54 billion to $6.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Assurant.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. Assurant’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 earnings per share.

Separately, BidaskClub upgraded Assurant from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th.

Shares of Assurant (NYSE AIZ) opened at 93.85 on Friday. The company has a market capitalization of $5.06 billion, a PE ratio of 12.33 and a beta of 0.80. Assurant has a 52-week low of $78.50 and a 52-week high of $106.99. The stock’s 50 day moving average price is $98.79 and its 200-day moving average price is $99.79.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, August 24th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.26%. Assurant’s dividend payout ratio (DPR) is currently 27.89%.

A number of institutional investors have recently bought and sold shares of AIZ. Shell Asset Management Co. increased its stake in Assurant by 12.8% during the 1st quarter. Shell Asset Management Co. now owns 3,628 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 413 shares during the period. Wells Fargo & Company MN increased its stake in Assurant by 7.2% during the 1st quarter. Wells Fargo & Company MN now owns 157,084 shares of the financial services provider’s stock worth $15,029,000 after acquiring an additional 10,523 shares during the period. Canada Pension Plan Investment Board increased its stake in Assurant by 93.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,384 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 3,574 shares during the period. Chicago Equity Partners LLC bought a new position in Assurant during the 1st quarter worth $213,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Assurant by 56.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,383 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 2,301 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

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Assurant Company Profile

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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Earnings History and Estimates for Assurant (NYSE:AIZ)

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