Zacks: Analysts Expect Assurant, Inc. (AIZ) Will Announce Quarterly Sales of $1.59 Billion

Analysts expect Assurant, Inc. (NYSE:AIZ) to post $1.59 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Assurant’s earnings, with the lowest sales estimate coming in at $1.58 billion and the highest estimate coming in at $1.59 billion. Assurant posted sales of $1.70 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Assurant will report full year sales of $1.59 billion for the current financial year, with estimates ranging from $6.31 billion to $6.32 billion. For the next year, analysts anticipate that the firm will post sales of $6.66 billion per share, with estimates ranging from $6.40 billion to $6.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Assurant.

Separately, SunTrust Banks reaffirmed a “buy” rating and set a $115.00 price target on shares of Assurant in a research note on Thursday, October 12th.

A number of hedge funds have recently made changes to their positions in AIZ. Cerebellum GP LLC acquired a new position in Assurant in the 4th quarter valued at about $128,000. Steward Partners Investment Advisory LLC acquired a new position in Assurant in the 3rd quarter valued at about $154,000. Ifrah Financial Services Inc. acquired a new position in Assurant in the 4th quarter valued at about $204,000. Stifel Financial Corp acquired a new position in Assurant in the 3rd quarter valued at about $207,000. Finally, Thrivent Financial For Lutherans acquired a new position in Assurant in the 2nd quarter valued at about $216,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Assurant (NYSE AIZ) opened at $88.49 on Wednesday. The stock has a market capitalization of $4,700.00, a price-to-earnings ratio of 21.17, a PEG ratio of 0.60 and a beta of 0.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 0.53. Assurant has a one year low of $85.91 and a one year high of $106.99.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, February 23rd. Assurant’s dividend payout ratio (DPR) is presently 53.59%.

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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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