Revenue Update on Assurant(NYSE:AIZ)

Assurant(NYSE:AIZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $1.80B. Analysts estimated a revenue of $1.71B. Earnings per share were $1.42. Analysts had estimated an EPS of $1.46.

Assurant (AIZ) shares turned negative on Fridays trading session with the shares closing down -0.34 points or -0.41% at a volume of 4,53,034. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $83.52. The peak price level was also seen at $83.52 while the days lowest was $82.64. Finally the shares closed at $83.01. The 52-week high of the shares is $89.22 while the 52-week low is $64.365. According to the latest information available, the market cap of the company is $5,141 M.

Assurant has also declared a cash dividend of $0.5000 on Jul 7, 2016. The shares will quote ex-dividend on Aug 25, 2016 and the record date has been fixed on Aug 29, 2016. The dividend payable date has been fixed on Sep 13, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Christopher J Pagano (EVP, CFO & Treasurer) sold 5,000 shares at $84.56 per share price.Also, On Nov 25, 2015, Gene Mergelmeyer (EVP, CAO) sold 10,000 shares at $85.28 per share price.On Nov 19, 2015, Robert W Stein (director) sold 2,500 shares at $83.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Assurant Inc. (Assurant) is a provider of insurance products and related services which operates in North America Latin America Europe and across the world. The Company operates in four segments: Assurant Solution Assurant Specialty Property Assurant Health and Assurant Employee Benefits. Assurant Solutions provides mobile device protection debt protection administration credit-related insurance warranties and service contracts and pre-funded funeral insurance. Assurant Specialty Property provides lender-placed homeowners insurance renters insurance and related products and manufactured housing homeowners insurance. Assurant Health provides individual health and small employer group health insurance. Assurant Employee Benefits primarily provides group dental insurance group disability insurance and group life insurance.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *