Assurant, Inc. (NYSE:AIZ) Given Price Target Of $88.75


As per Assurant, Inc. (NYSE:AIZ)’s news release on 2016-07-08, its shareholders will get cash dividend of $0.5 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-29 and 2016-09-13, respectively.

The stock will commence trading ex-dividend from 2016-08-25, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Assurant, Inc. (NYSE:AIZ) disbursed $0.5 in dividend compared to distribution of $0.5, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 29.2453%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Assurant, Inc. (NYSE:AIZ) to attain a price target of $88.75. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $105. The low price range is set at $69 for next year while the arithmetic mean is seen at 1.

Eyeing Earnings Assurant, Inc. (NYSE:AIZ) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.38 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Assurant, Inc. (NYSE:AIZ) earnings came at $1.42 suggesting a deviation of $0.01. The brokerages targeted EPS of $1.41 for the quarter.

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