Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Assurant (AIZ) reported earnings 30 days ago. What's next for the stock?
AIZ stock gains on the back of a well-performing Global Lifestyle business, growth of fee-based capital-light businesses and effective capital deployment.
Assurant has had a strong run-up in 2024, especially since earnings, outperforming the S&P 500. A big run-up was after the Nov 5th earnings release. Trump might have helped. Earnings, including catastrophe loss impacts, were not stellar.
CHDN, LZB, MKC and AIZ recently announced dividend hikes.
AIZ's 11% dividend hike bears testimony to its solid capital position and uninterrupted cash flow supporting wealth distribution.
Assurant, Inc. (NYSE:AIZ ) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants Sean Moshier - Vice President, Investor Relations Keith Demmings - President and Chief Executive Officer Keith Meier - Chief Financial Officer Conference Call Participants Brian Meredith - UBS Mark Hughes - Truist Tommy McJoynt - KBW John Barnidge - Piper Sandler Operator Welcome to Assurant's Third Quarter 2024 Conference Call and Webcast. [Operator Instructions] It is now my pleasure to turn the floor over to Sean Moshier, Vice President of Investor Relations.
AIZ's Q3 results reflect solid performance at Global Housing with growing revenues and expense discipline.
Although the revenue and EPS for Assurant (AIZ) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Assurant (AIZ) came out with quarterly earnings of $3 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $4.29 per share a year ago.
This is the final group of 10 companies scheduled to reach dividend aristocrat status, sometime over the next five years. There are a variety of companies listed, some of whom may not be able to reach the coveted dividend aristocrat title. 3 companies listed below have 10-year dividend growth rates that exceed 10%, and one occasionally provides investors with special dividends every few years.
Evaluate the expected performance of Assurant (AIZ) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.