Assurant (NYSE:AIZ) announced its earnings results on Thursday. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.26, Bloomberg Earnings reports. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. Assurant had a net margin of 3.67% and a return on equity of 3.55%. Assurant’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS.
Shares of Assurant (NYSE:AIZ) traded up $1.68 during midday trading on Friday, reaching $86.84. 80,540 shares of the company’s stock were exchanged, compared to its average volume of 386,418. Assurant has a 52 week low of $85.15 and a 52 week high of $106.99. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4,653.99, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.57 and a beta of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, February 26th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, February 23rd. Assurant’s payout ratio is 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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