Assurant, Inc. (AIZ) Posts Quarterly Earnings Results, Beats Expectations By $0.39 EPS
Assurant, Inc. (NYSE:AIZ) released its quarterly earnings data on Thursday. The financial services provider reported ($1.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.79) by $0.39, Bloomberg Earnings reports. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share.
Several brokerages have weighed in on AIZ. BidaskClub lowered shares of Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. SunTrust Banks, Inc. restated a “buy” rating and issued a $115.00 price target on shares of Assurant in a research report on Thursday, October 12th.
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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