Assurant (AIZ) Announces Earnings Results
Assurant (NYSE:AIZ) posted its quarterly earnings data on Thursday. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.26, Bloomberg Earnings reports. Assurant had a net margin of 3.67% and a return on equity of 3.55%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis.
Assurant (NYSE AIZ) traded up $1.68 during midday trading on Friday, hitting $86.84. 80,540 shares of the stock were exchanged, compared to its average volume of 386,418. 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 stock has a market capitalization of $4,653.99, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.57 and a beta of 0.59. Assurant has a 1-year low of $85.15 and a 1-year high of $106.99.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, February 23rd. Assurant’s dividend payout ratio (DPR) is 53.59%.
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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