Assurant (NYSE:AIZ – Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.48, Briefing.com reports. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm earned $4.29 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year.
Assurant Trading Up 6.9 %
AIZ opened at $206.46 on Thursday. Assurant has a 12 month low of $158.29 and a 12 month high of $207.24. The stock has a fifty day moving average price of $194.70 and a 200-day moving average price of $180.94. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.04 and a beta of 0.57.
Assurant Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, September 3rd. Assurant’s payout ratio is 19.19%.
Analysts Set New Price Targets
Get Our Latest Stock Report on Assurant
Insider Buying and Selling
In related news, EVP Martin Jenns sold 1,500 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $178.13, for a total transaction of $267,195.00. Following the completion of the transaction, the executive vice president now owns 4,027 shares of the company’s stock, valued at $717,329.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the sale, the chief accounting officer now directly owns 3,152 shares in the company, valued at approximately $593,962.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Martin Jenns sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now owns 4,027 shares in the company, valued at approximately $717,329.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
About Assurant
Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.
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