Truist Securities Reiterates Buy Rating on Assurant, Inc.
Truist Securities maintains its Buy rating on Assurant, Inc. with a $310 price target.
Key Points
- Truist Securities reiterated its Buy rating for Assurant, Inc. (NYSE: AIZ) and set a price target of $310 on June 17, 2026.
- Assurant, Inc. shares traded at $264.47, with a market cap of $12.91 billion and a P/E ratio of 13.35.
- Insider trades included sales by Dimitry Dirienzo and multiple buys by other insiders in late May 2026.
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Truist Securities has reiterated its Buy rating on Assurant, Inc. (NYSE: AIZ) with a price target of $310. This update came on June 17, 2026, as the company's stock traded at $264.47.
Assurant, Inc. Stock Down 0.9%
Shares of NYSE:AIZ traded at $264.47. Assurant, Inc. has a market cap of about $12.91 billion and a P/E ratio of 13.35. The stock has a 52-week low of $183.39 and a high of $262.99. Its 50-day moving average is $241.47, while the 200-day moving average is $228.02.
Recent Earnings
Assurant, Inc. reported revenue of approximately $13.16 billion, reflecting a growth rate of 11.3%. The company achieved a net margin of 7.6% and a return on equity of 18.0%. Its next earnings report is scheduled for August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 11.3%. Revenue beat estimates by 2.9%.
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Profit surprise
EBITDA missed by 17 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 upgrade, 5 target raises.
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Earnings quality
Gross margin up 2.9 points. Operating margin up 3.8 points. Positive free cash flow.
Earnings Call Summary
Assurant delivered its strongest quarter in company history, with Global Lifestyle earnings jumping 20 percent and Connected Living up 18 percent. The company added 4 million mobile device subscribers during the quarter, bringing total devices protected to nearly 69 million globally. Management highlighted successful partnerships with T-Mobile, Xfinity, and Verizon, plus expansion of reverse logistics services that processed 7.5 million devices in the quarter.
Guidance Assurant raised its 2026 outlook and now expects Global Lifestyle earnings to grow about 10 percent for the full year. The company also increased share repurchase plans to $300 million to $350 million. Management expects Global Housing earnings to decline only modestly when excluding catastrophes and prior year reserve adjustments.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Assurant, Inc. pays an annual dividend rate of $3.52, yielding 1.35%. The dividend payout ratio is 17.22%.
Insider Buying and Selling at Assurant, Inc.
Recent insider activity at Assurant, Inc. includes a sale by Dimitry Dirienzo, Senior Vice President, Chief Accounting Officer, and Controller, who sold 2,000 shares at an average price of $255.68 on May 26, 2026. Additionally, multiple insiders, including Lynn Blake, Elaine Rosen, Rajiv Basu, Paul Reilly, and Sari Beth Granat, each purchased 668 shares on May 22, 2026.
Analysts Set New Price Targets
On June 17, 2026, Truist Securities maintained its Buy rating for Assurant, Inc. with a price target of $310. Piper Sandler also maintained a Buy rating with a $290 target on May 26, 2026. Morgan Stanley upgraded the stock to Buy with a target of $285 on May 14, 2026. The analyst consensus indicates a Strong Buy with a mean price target of $280.50 among six analysts.
About Assurant, Inc.
Assurant, Inc. offers protection services for connected devices, homes, and automobiles across North America, Latin America, Europe, and the Asia Pacific. Operating through its Global Lifestyle and Global Housing segments, the company provides a range of insurance and protection services. Headquartered in Atlanta, Georgia, Assurant is led by CEO Keith Warner Demmings and employs about 14,800 people.
Bottom Line
Truist Securities' reaffirmation of its Buy rating with a $310 target reflects confidence in Assurant, Inc.'s prospects. Investors often track these updates to gauge market sentiment and the potential for stock performance. However, it's important to remember that analyst ratings and targets are forward-looking and subject to change based on market conditions and company performance.
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