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Assurant Inc Stock Research

AIZ

142.59USD+1.86(+1.32%)Delayedas of 20 Sep 2023, 01:40 pm
Watchlist

Market Summary

USD142.59+1.86
Delayedas of 20 Sep 2023, 01:40 pm
1.32%

AIZ Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

AIZ Stock Price

AIZ RSI Chart

AIZ Valuation

Market Cap

7.5B

Price/Earnings (Trailing)

21.6

Price/Sales (Trailing)

0.71

EV/EBITDA

8.12

Price/Free Cashflow

6.36

AIZ Price/Sales (Trailing)

AIZ Profitability

EBT Margin

3.11%

Return on Equity

5.49%

Return on Assets

0.73%

Free Cashflow Yield

15.73%

AIZ Fundamentals

AIZ Revenue

Revenue (TTM)

10.6B

Revenue Y/Y

8.84%

Revenue Q/Q

3.36%

AIZ Earnings

Earnings (TTM)

345.3M

Earnings Y/Y

199.43%

Earnings Q/Q

37.59%

Price Action

52 Week Range

104.49153.75
(Low)(High)

Last 7 days

-0.2%

Last 30 days

0.0%

Last 90 days

7.2%

Trailing 12 Months

-8.2%

AIZ Financial Health

AIZ Investor Care

Dividend Yield

1.98%

Dividend/Share (TTM)

2.78

Buy Backs (1Y)

2.93%

Diluted EPS (TTM)

6.43

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for AIZ

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-14
DZIADZIO RICHARD S
sold
-572,778
143
-4,000
evp and cfo
2023-08-07
Luthi Francesca
sold
-529,081
142
-3,700
evp, cao
2023-08-04
Lonergan Robert
sold
-433,303
144
-3,000
evp
2023-07-15
Rosenblum Jay
sold (taxes)
-100,768
125
-800
evp and clo
2023-07-15
Luthi Francesca
sold (taxes)
-166,267
125
-1,320
evp, cao
2023-06-22
DZIADZIO RICHARD S
sold
-524,286
131
-4,000
evp and cfo
2023-05-26
DiRienzo Dimitry
sold
-99,196
123
-800
svp, cao, controller
2023-05-18
Demmings Keith
sold (taxes)
-43,490
131
-330
president and ceo
2023-05-12
Alves Paget Leonard
acquired
-
-
1,235
-
2023-05-12
Carter J Braxton II
acquired
-
-
1,235
-

1–10 of 50

Which funds bought or sold AIZ recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
reduced
-21.57
-1,095
5,029
-%
2023-08-25
Yarbrough Capital, LLC
unchanged
-
23,860
530,916
0.03%
2023-08-22
Old North State Trust, LLC
sold off
-100
-27,000
-
-%
2023-08-22
COMERICA BANK
new
-
1,000
1,000
-%
2023-08-22
COMERICA BANK
new
-
-
-
-%
2023-08-22
US Asset Management LLC
unchanged
-
23,000
512,000
0.54%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-11.38
-47,000
600,000
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
added
387
619,665
770,498
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-3.84
75,158
11,108,900
0.02%
2023-08-17
Orion Portfolio Solutions, LLC
reduced
-1.12
24,739
724,147
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying AIZ calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AIZ
No. of Funds

Schedule 13G FIlings of Assurant

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
t. rowe price investment management, inc.
10.8%
5,694,084
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
13.34%
7,048,915
SC 13G/A
Feb 08, 2023
state street corp
5.39%
2,848,731
SC 13G/A
Jan 26, 2023
blackrock inc.
10.7%
5,662,762
SC 13G/A
Jan 20, 2023
blackrock inc.
10.7%
5,662,762
SC 13G/A
Sep 08, 2022
blackrock inc.
10.1%
5,386,534
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
10.7%
6,144,501
SC 13G/A
Feb 10, 2022
state street corp
5.44%
3,100,539
SC 13G/A
Feb 09, 2022
vanguard group inc
12.05%
6,864,464
SC 13G/A

Recent SEC filings of Assurant

View All Filings
Date Filed Form Type Document
Aug 15, 2023
4
Insider Trading
Aug 14, 2023
144
Notice of Insider Sale Intent
Aug 08, 2023
4
Insider Trading
Aug 08, 2023
4
Insider Trading
Aug 07, 2023
144
Notice of Insider Sale Intent
Aug 04, 2023
144
Notice of Insider Sale Intent
Aug 03, 2023
10-Q
Quarterly Report
Aug 01, 2023
8-K
Current Report
Jul 18, 2023
4
Insider Trading
Jul 18, 2023
4
Insider Trading

AIZ Fair Value

Loading...

Peers (Alternatives to Assurant)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.3B
55.3B
6.38% 11.93%
47.79
1.51
11.39% 104.72%
50.2B
70.6B
6.59% 0.80%
22.58
0.71
4.01% -58.32%
46.5B
18.8B
3.95% 29.68%
10.1
2.47
-11.15% 5.38%
38.3B
38.7B
2.91% 2.81%
17.13
0.99
8.33% -37.32%
18.7B
14.1B
1.06% -0.19%
11.51
1.33
-18.38% -62.12%
MID-CAP
9.2B
12.1B
0.74% 21.07%
6.51
0.77
1.23% 31.52%
7.5B
10.6B
0.01% -8.21%
21.6
0.71
3.62% -71.27%
2.8B
7.5B
3.28% 52.94%
5.19
0.37
-1.40% -38.58%
2.7B
3.9B
2.49% 21.99%
12.28
0.7
4.46% -65.00%
1.2B
1.0B
2.23% -55.11%
-20.07
1.21
25.60% -67.04%
-
16.8B
7.35% 14.05%
-
-
3.86% 92.43%
SMALL-CAP
1.3B
348.9M
2.75% -38.18%
23
3.82
16.85% 25.90%
1.2B
1.4B
1.93% -21.70%
-111.09
0.86
3.44% -114.81%
562.0M
901.0M
-2.03% -39.05%
12.11
0.62
14.76% 164.17%

Assurant News

Seeking Alpha
Assurant Stock: Overvalued Insurer Gets Hold Rating As Earnings ....
Seeking Alpha,
4 hours ago
Marketscreener.com
InvestorsObserver
Marketscreener.com
Clayton County Register
Clayton County Register
Investor's Business Daily
Investor's Business Daily

Returns for AIZ

Cumulative Returns on AIZ

12.3%


10-Year Cumulative Returns

8.8%


7-Year Cumulative Returns

7.8%


5-Year Cumulative Returns

7.1%


3-Year Cumulative Returns

Risks for AIZ

What is the probability of a big loss on AIZ?

55.8%


Probability that Assurant stock will be more than 20% underwater in next one year

35.8%


Probability that Assurant stock will be more than 30% underwater in next one year.

4.2%


Probability that Assurant stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AIZ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Assurant was unfortunately bought at previous high price.

Drawdowns

Financials for Assurant

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue2.1%10,57510,35310,19310,11510,20510,23810,18810,0319,7709,5799,5969,7849,90610,10010,0879,7979,5688,8558,0587,4176,733
  S&GA Expenses------3,3073,2464,0053,8603,8383,0483,0893,1813,2793,1873,1393,1113,0612,9802,9752,906
EBITDA-100.0%-6136407068861,0491,0661,081999974879874731685791------
EBITDA Margin-100.0%-0.06*0.06*0.07*0.10*0.10*0.10*0.11*0.10*0.10*0.09*0.09*0.07*0.07*0.08*------
Interest Expenses0%10810810810810911011211211010710510311011011111210610510086.0072.00
Earnings Before Taxes41.8%456322350412592762771772696666581601464438555419519414334449266
EBT Margin-100.0%-0.03*0.03*0.04*0.07*0.07*0.08*0.08*0.07*0.07*0.06*0.06*0.05*0.04*0.05*------
Net Income43.2%3452412773291,2021,3561,3571,371456424423412387353364261369292237529424
Net Income Margin-100.0%-0.02*0.03*0.03*0.14*0.13*0.13*0.14*0.05*0.05*0.04*0.04*0.04*0.04*0.04*------
Free Cashflow-100.0%-1,164411385-2645105947961,4199081,2211,0268819441,303------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.6%33,10532,91533,11733,24631,72933,02333,92133,62545,99544,41144,65043,58344,23343,42344,29143,75243,14042,23741,08943,44342,361
    Cash Equivalents-8.1%1,4021,5261,5371,4301,1821,2512,0552,0282,7461,6512,2082,1892,1081,9961,8581,7491,4901,2741,2541,3071,254
  Net PPE-4.2%643671645618609585561529495469446468450438434419419410393382371
  Goodwill0.1%2,6062,6042,6032,5472,5582,5692,5722,5802,5892,5862,5892,3262,4412,3362,2052,3312,3382,3312,3222,3132,369
Liabilities0.4%28,61928,51928,88929,14727,26928,00228,45727,88040,08638,58538,69537,64338,24938,03738,60938,06137,37936,76535,95538,20337,028
Shareholder's Equity2.0%4,4864,3964,2294,0994,4604,9995,4645,7215,8885,8035,9405,9405,9855,3865,6685,6905,7605,4725,1345,2405,333
  Retained Earnings2.7%3,8773,7763,6993,6793,7743,9774,0414,2193,6403,6363,5496,1266,1946,0615,9665,8835,9815,8805,7605,7775,846
  Additional Paid-In Capital0.7%1,6541,6421,6381,6271,6301,6521,6951,7311,7861,8041,9574,5684,5504,5414,5384,5254,5094,4964,4964,4794,460
Shares Outstanding-0.2%53.0053.0053.0053.0055.0056.0056.0059.0061.0059.0058.0060.0060.0061.0060.0062.0062.0063.0062.0064.0057.00
Minority Interest----------3.003.004.0017.0016.0029.0032.0030.0031.0022.0020.0020.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations0.9%1,3701,358597575-75.406997829671,5791,0471,3421,1479801,0431,4131,3701,210979657619703
  Share Based Compensation0.5%63.0063.0063.0065.0066.0066.0067.0065.0062.0060.0058.0057.0057.0056.0056.0059.0061.0059.0057.0052.0043.00
Cashflow From Investing-78.4%-852-478-262-14.00231130158-423-669-902-735-281-42.409.00-619-911-1,297-2,728-2,202-2,203-2,059
Cashflow From Financing49.7%-293-583-818-1,099-1,693-1,214-1,089-725-297-509-264-425-285-308-179-2.503127151,8381,9331,810
  Dividend Payments0.7%151150150152154157158158157155155154153152151151149142134126120
  Buy Backs-63.8%1243435738531,0831,027839687434282297262260278272216231182139219177

AIZ Income Statement

2023-06-30
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Net earned premiums$ 2,343.0$ 2,168.9$ 4,608.5$ 4,305.3
Fees and other income295.7325.2578.4647.6
Net investment income112.992.0218.1178.3
Net realized losses on investments (including $3.1, $1.6, $5.6, and $2.1 of impairment-related losses for the three and six months ended June 30, 2023 and 2022, respectively) and fair value changes to equity securities(20.0)(76.4)(30.6)(138.8)
Total revenues2,731.62,509.75,374.44,992.4
Benefits, losses and expenses    
Policyholder benefits632.5600.01,278.11,090.0
Underwriting, selling, general and administrative expenses1,867.61,811.73,690.83,602.3
Interest expense27.227.254.254.1
(Gain) loss on extinguishment of debt0.00.9(0.1)0.9
Total benefits, losses and expenses2,527.32,439.85,023.04,747.3
Income before income tax expense204.369.9351.4245.1
Income tax expense48.017.781.543.9
Net income$ 156.3$ 52.2$ 269.9$ 201.2
Earnings Per Common Share    
Basic (in dollars per share)$ 2.91$ 0.96$ 5.03$ 3.65
Diluted (in dollars per share)$ 2.90$ 0.95$ 5.01$ 3.61
Share Data    
Weighted average common shares outstanding used in basic per common share calculations (in shares)53,745,61154,607,32153,619,71155,190,104
Plus: Dilutive securities (in shares)144,071407,626223,324473,842
Weighted average common shares outstanding used in diluted per common share calculations (in shares)53,889,68255,014,94753,843,03555,663,946

AIZ Balance Sheet

2023-06-30
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:  
Fixed maturity securities available for sale, at fair value (amortized cost - $7,210.8 and $6,920.8 at June 30, 2023 and December 31, 2022, respectively)$ 6,617.8$ 6,283.7
Equity securities at fair value259.6281.3
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $3.1 and $1.8 at June 30, 2023 and December 31, 2022)302.7295.6
Short-term investments279.7155.5
Other investments528.8508.4
Total investments7,988.67,524.5
Cash and cash equivalents1,401.71,536.7
Premiums and accounts receivable (net of allowances for credit losses of $8.6 and $9.2 at June 30, 2023 and December 31, 2022, respectively)2,342.32,406.4
Reinsurance recoverables (net of allowances for credit losses of $4.8 and $5.4 at June 30, 2023 and December 31, 2022, respectively)6,636.66,999.4
Accrued investment income90.785.1
Deferred acquisition costs9,818.59,677.1
Property and equipment, net642.7645.1
Goodwill2,606.32,603.0
Value of business acquired166.4262.8
Other intangible assets, net608.4638.9
Other assets (net of allowances for credit losses of $1.2 and $1.7 at June 30, 2023 and December 31, 2022, respectively) (1)[1]802.5738.3
Total assets33,104.733,117.3
Liabilities  
Future policy benefits and expenses523.4507.9
Unearned premiums19,931.319,802.4
Claims and benefits payable2,020.32,210.0
Commissions payable626.7647.5
Reinsurance balances payable482.6492.8
Funds held under reinsurance376.2366.6
Accounts payable and other liabilities (including allowances for credit losses of $10.5 and $10.3 at June 30, 2023 and December 31, 2022, respectively, for the unsecured portion of the high deductible recoverables)2,528.82,731.5
Debt2,129.42,129.9
Total liabilities28,618.728,888.6
Commitments and contingencies (Note 15)
Stockholders’ equity  
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 55,304,730 and 55,126,470 shares issued and 53,008,641 and 52,830,381 shares outstanding at June 30, 2023 and December 31, 2022, respectively0.60.6
Additional paid-in capital1,653.71,637.8
Retained earnings3,877.23,699.3
Accumulated other comprehensive loss(922.7)(986.2)
Treasury stock, at cost; 2,296,089 shares at June 30, 2023 and December 31, 2022(122.8)(122.8)
Total equity4,486.04,228.7
Total liabilities and equity$ 33,104.7$ 33,117.3
[1]During second quarter 2023, Assurant, Inc. initiated plans to sell its Miami, Florida property. As of June 30, 2023, the related assets totaling $44.4 million met held-for-sale criteria and were reclassified from property and equipment, net, to other assets. Assurant, Inc. has ceased depreciation of these assets which are recorded at carrying value, which is less than the estimated fair value less estimated costs to sell.
Keith W. Demmings
15600
Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products. The Global Housing segment provides lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, voluntary homeowners insurance, and other specialty products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in New York, New York.