Is Assurant Inc (NYSE: AIZ) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Assurant Named One of America’s Most JUST Companies by JUST Capital and CNBC.

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Stocks Info

AIZ belongs to the Financial sector of the NYSE while operating in the Insurance – Specialty industry. At the end of the last regular session, the stock closed at $168.41 and fluctuated between $168.73 as its day high and $166.17 as its day low. The current market capitalization of Assurant Inc is $8.86B. A total of 0.56 million shares were traded on the day, compared to an average of 400.53K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AIZ has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 772 and the disposition of 1,430 shares. Over the last 12 months, there were 28 BUYs and 45 SELLs from insiders. Insiders purchased 96,015 shares during that period but sold 46,357.

In the most recent transaction, Rosenblum Jay sold 2,000 shares of AIZ for 162.16 per share on Nov 20. After the transaction, the EVP and CLO now owns 7,567 company shares. In a previous transaction on Nov 17, DiRienzo Dimitry sold 850 shares at 160.72 per share. AIZ shares that SVP, CAO, Controller owns now total 4,654.

Among the insiders who sold shares, DZIADZIO RICHARD S disposed of 4,000 shares on Aug 14 at a per-share price of $143.19. This resulted in the EVP and CFO holding 51,893 shares of AIZ after the transaction. In another insider transaction, Luthi Francesca sold 3,700 shares at $142.99 per share on Aug 07. Company shares held by the EVP, CAO now total 11,132.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Assurant Inc pays an annual dividend of $3.54, resulting in a dividend yield of 2.10%, and it has a price to earnings (P/E) ratio of 17.15. AIZ’s most recent ex-dividend date was 2/2/2024 when it declared a $0.72 quarterly dividend that was paid in cash on 3/25/2024. Previously, the company paid the dividend on 12/18/2023 with an ex-dividend date of 11/24/2023. The AIZ stock dividend was $0.72 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AIZ in the last 3 months, the mean price target is $192.60 with high estimates of $205.00 and low estimates of $170.00. In terms of 52-week highs and lows, AIZ has a high of $173.60 and a low of $104.49.

As of this writing, AIZ has an earnings estimate of $3.72 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $4.07 per share and a lower estimate of $3.58. The company reported an EPS of $3.89 in the last quarter, which was 51.40% higher than expectations of $2.57.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AIZ’s latest balance sheet shows that the firm has $9.50B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $85.15, while its Total Shareholder’s Equity was $5.46B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AIZ is Buy with a score of 4.57.

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