Assurant (NYSE: AIZ) is one of 22 publicly-traded companies in the “Multiline Insurance & Brokers” industry, but how does it compare to its competitors? We will compare Assurant to similar businesses based on the strength of its institutional ownership, valuation, profitability, earnings, analyst recommendations, dividends and risk.
This table compares Assurant and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Assurant pays an annual dividend of $2.12 per share and has a dividend yield of 2.1%. Assurant pays out 50.7% of its earnings in the form of a dividend. As a group, “Multiline Insurance & Brokers” companies pay a dividend yield of 2.0% and pay out 49.7% of their earnings in the form of a dividend. Assurant has increased its dividend for 13 consecutive years.
Volatility & Risk
Assurant has a beta of 0.81, indicating that its share price is 19% less volatile than the S&P 500. Comparatively, Assurant’s competitors have a beta of 1.39, indicating that their average share price is 39% more volatile than the S&P 500.
Earnings & Valuation
This table compares Assurant and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Assurant||$7.53 billion||$565.35 million||23.59|
|Assurant Competitors||$11.13 billion||$534.17 million||161.35|
Assurant’s competitors have higher revenue, but lower earnings than Assurant. Assurant is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of current ratings and target prices for Assurant and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Assurant presently has a consensus target price of $115.00, suggesting a potential upside of 16.61%. As a group, “Multiline Insurance & Brokers” companies have a potential downside of 4.15%. Given Assurant’s higher probable upside, analysts plainly believe Assurant is more favorable than its competitors.
Institutional and Insider Ownership
90.9% of Assurant shares are owned by institutional investors. Comparatively, 62.1% of shares of all “Multiline Insurance & Brokers” companies are owned by institutional investors. 0.8% of Assurant shares are owned by company insiders. Comparatively, 15.4% of shares of all “Multiline Insurance & Brokers” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Assurant competitors beat Assurant on 10 of the 15 factors compared.
Assurant, Inc. is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business). Through its Global Lifestyle segment, it provides mobile device protection products and related services and extended service products and related services for consumer electronics and appliances (global connected living business); vehicle protection services, and credit insurance. The Global Preneed segment provides pre-funded funeral insurance and annuity products. Its Global Preneed Segment operates in the United States and Canada.
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