Assurant, Inc. (AIZ) to Issue Dividend of $0.63 on December 16th

Assurant, Inc. (NYSE:AIZ) declared a dividend on Friday, November 8th, Fidelity reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.63 per share by the financial services provider on Monday, December 16th. The ex-dividend date is Friday, November 22nd.

Shares of AIZ stock traded down $0.56 during mid-day trading on Wednesday, hitting $131.72. 136,293 shares of the stock traded hands, compared to its average volume of 425,436. Assurant has a twelve month low of $82.31 and a twelve month high of $133.70. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 22.71 and a beta of 0.47. The company’s 50-day simple moving average is $127.03 and its 200-day simple moving average is $115.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.48 and a current ratio of 0.48.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.69. Assurant had a return on equity of 8.09% and a net margin of 2.76%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts forecast that Assurant will post 8.69 earnings per share for the current year.

Several equities research analysts have recently weighed in on AIZ shares. UBS Group reduced their price objective on Assurant from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. SunTrust Banks raised their price objective on Assurant from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised their price objective on Assurant from $130.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

Assurant Company Profile

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.

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Dividend History for Assurant (NYSE:AIZ)

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