Now trading at a price of $163.83, Assurant has moved -0.1% so far today.
Assurant returned gains of 28.0% last year, with its stock price reaching a high of $168.96 and a low of $104.49. Over the same period, the stock outperformed the S&P 500 index by 16.0%. More recently, the company's 50-day average price was $152.62. Assurant, Inc., together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. Based in Atlanta, GA, the mid-cap Finance company has 13,700 full time employees. Assurant has offered a 1.7% dividend yield over the last 12 months.
Growing Revenues With Increasing Reinvestment in the Business:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $8,058 | $9,569 | $9,598 | $10,188 | $10,193 | $10,801 |
| Interest Income (MM) | $100 | $111 | $104 | $112 | $108 | $109 |
| Operating Margins | 4% | 6% | 6% | 8% | 3% | 6% |
| Net Margins | 3% | 4% | 5% | 13% | 3% | 5% |
| Net Income (MM) | $253 | $387 | $442 | $1,362 | $277 | $528 |
| Depreciation & Amort. (MM) | $127 | $126 | $142 | $172 | $182 | $183 |
| Earnings Per Share | $3.98 | $5.84 | $6.98 | $22.66 | $5.05 | $9.83 |
| Diluted Shares (MM) | 60 | 62 | 63 | 60 | 55 | 51 |
| Free Cash Flow (MM) | $574 | $1,303 | $1,221 | $594 | $411 | $852 |
| Capital Expenditures (MM) | $83 | $110 | $121 | $187 | $186 | $201 |
| Net Current Assets (MM) | -$22,570 | -$23,992 | -$30,594 | -$19,805 | -$21,265 | -$20,600 |
| Long Term Debt (MM) | $35,955 | $38,609 | $38,695 | $28,456 | $28,889 | $28,718 |
| Net Debt / EBITDA | 75.37 | 54.03 | 50.65 | 28.0 | 51.42 | 31.64 |
Assurant's Valuation Is in Line With Its Sector Averages:
Assurant has a trailing twelve month P/E ratio of 15.5, compared to an average of 14.34 for the Finance sector. Based on its EPS guidance of $15.16, the company has a forward P/E ratio of 10.1. The company doesn't provide forward earnings guidance, and the compound average growth rate of its last 6 years of reported EPS is 16.3%. On this basis, Assurant's PEG ratio is 0.96. Using instead the 9.8% weighted average of Assurant's earnings CAGR and the broader market's anticipated 5-year EPS growth rate, the company's PEG ratio is 1.59, which suggests that its shares may be overpriced. Furthermore, Assurant is likely overvalued compared to the book value of its equity, since its P/B ratio of 1.92 is higher than the sector average of 1.57. The company's shares are currently trading 17.1% above their Graham number.
Assurant Has an Average Rating of Buy:
The 5 analysts following Assurant have set target prices ranging from $170.0 to $205.0 per share, for an average of $189.2 with a buy rating. As of April 2023, the company is trading -19.3% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Assurant has an average amount of shares sold short because 2.2% of the company's shares are sold short. Institutions own 96.5% of the company's shares, and the insider ownership rate stands at 0.59%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 13% stake in the company is worth $1,146,800,838.
