Published on 22 May 2024 on Zacks via Yahoo Finance
Should You Retain Assurant (AIZ) Stock in Your Portfolio?
Assurant, Inc. AIZ has been gaining momentum on the back of a well-performing Global Lifestyle business, growth of fee-based capital-light businesses, solid capital management, favorable estimates and effective capital deployment.
Earnings Estimates
The Zacks Consensus Estimate for Assurant’s 2024 earnings per share indicates a year-over-year increase of 4.3%. The consensus estimate for revenues is pegged at $11.66 billion, implying a year-over-year improvement of 4.1%.The consensus estimate for 2025 earnings per share and revenues indicates a year-over-year increase of 5% and 3.3%, respectively, from the corresponding 2024 estimates.Earnings have improved 20.2% in the past five years, better than the industry average of 8.7%.