Somewhat Favorable News Coverage Somewhat Unlikely to Impact Assurant (AIZ) Share Price
Media coverage about Assurant (NYSE:AIZ) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Assurant earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.577830809983 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Catastrophes Rock Q3 Underwriting: Insurance Stocks in Focus – Nasdaq (nasdaq.com)
- Critical Comparison: Assurant (AIZ) versus BRIGHTHOUSE FIN (BHF) (americanbankingnews.com)
- $1.61 Billion in Sales Expected for Assurant, Inc. (AIZ) This Quarter (americanbankingnews.com)
- 3 Value Stocks for Growth Investors from the Insurance Industry – Nasdaq (nasdaq.com)
Assurant (AIZ) opened at 93.28 on Thursday. Assurant has a 12 month low of $78.50 and a 12 month high of $106.99. The company’s 50-day moving average price is $98.11 and its 200-day moving average price is $99.70. The stock has a market cap of $5.03 billion, a P/E ratio of 12.26 and a beta of 0.80.
Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The company’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Equities analysts forecast that Assurant will post $6.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 28th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, August 24th. Assurant’s dividend payout ratio is currently 27.89%.
Separately, BidaskClub downgraded Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
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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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