Assurant Reports Fourth Quarter and Full-Year 2015 Financial Results
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Piper Jaffray Cuts Price target Following Assurant's (AIZ) Weak 4Q
February 10, 2016 8:44 AM ESTPiper Jaffray reiterated a Neutral rating on Assurant (NYSE: AIZ), and cut the price target to $80.00 (from $84.00), following the company's 4Q earnings report. AIZ reported an operating EPS of $0.97, missing consensus estimates of $1.49. Results suffered from weak mobile results, and elevated Fx headwinds... More
Assurant (AIZ) Reports Q4 EPS of 97c, Offers Outlook
February 9, 2016 4:18 PM ESTAssurant (NYSE: AIZ) reported Q4 EPS of $0.97, may not compare to the analyst estimate of $1.51. Revenue for the quarter came in at $2.55 billion versus the consensus estimate of $2 billion.
Based on current market conditions, for full-year 2016, the company expects:
Assurant Solutions net earned premiums and fees and net operating income to increase from 2015 levels. Overall results expected to improve in the second half of the year driven by new mobile programs, improved international profitability and additional expense initiatives. Results to be affected by... More
