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AIZN

Assurant Inc. 5.25% Subordinated Notes due 2061 (AIZN) fair value

Real Estate · REIT - Residential · NYSE · United States
$17.10+0.00%
Market cap $9.4BUpdated Oct 20, 2026
Our verdict
Trades 45% below our fair value
Price
$17.10
Model fair valueConfidence: good
$31.09
Model range
$24.05 to $36.52
Fair value $31.09
Price $17.10
3 models fit Assurant Inc. 5.25% Subordinated Notes due 2061 and they disagree: 1 of 3 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Silver62
Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionAssurant Inc. 5.25% Subordinated Notes due 2061 (AIZN)
Fair value (3 models)
$31.09
ACCE price target
$17.50
Rating
Undervalued
Horizon
12 months
Fair value published on 20 Oct 2026, 15:04 CEST; previously $30.74 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 15:04 CEST.
Price used: $17.10 at the close on 23 Oct 2026, 22:00 CEST.
Models: EV/EBITDA comparison, Dividend discount, and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
45.0% below
+81.8% to fair value
ACCE score
26
out of 100
P/E
0.0x
forward 0.0x
1-year return
-16.7%
Dividend yield
6.69%

Assurant Inc. 5.25% Subordinated Notes due 2061 in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

AIZN is the 5.25% subordinated notes due 2061 issued by Assurant, so the claim being evaluated is a debt security, not the common equity and not a residential REIT, which is how the data sheet classifies it. The sheet's sector and industry labels and its 9.4B market cap refer to the issuer, so they tell you little about the bond's own risk. What matters is Assurant's ability to service a long-dated subordinated obligation, and the sheet offers no operating evidence for that: revenue growth and operating margin read 0.0%, forward P/E is unavailable, and ROE of 7.5% is the only profitability figure given. The score of 26/100 and absence of index membership point the same way. This is a name to skip unless you have separate credit work on Assurant and a specific reason to hold a 2061 subordinated tranche.

AI-assisted·How I use AIWritten Oct 18, 2026

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Valuation

INVESTOR
Where AIZN's valuation models land
Price
$17.10
Model fair value
$31.09
Model range
$24.05 to $36.52
Fair value $31.09
Price $17.10
The price is below the whole model range.
Model
Fair value
Upside
Dividend discount
EV/EBITDA comparison
Price to FFO
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
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Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-0.3%
1 month
-6.1%
3 months
-9.5%
6 months
-12.9%
YTD
-12.1%
1 year
-16.7%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
20 Oct 2026, 15:04 CESTFair value$31.09$30.74$17.11
20 Oct 2026, 15:04 CESTRatingUndervaluedfirst publication$17.11
16 Oct 2026, 00:00 CESTFair value$30.74$33.76$17.05
11 Oct 2026, 00:00 CESTFair value$33.76$41.61$17.38
10 Oct 2026, 00:00 CESTACCE price target$17.50first publication$17.33
7 Oct 2026, 00:00 CESTFair value$41.61$42.29$17.58
4 Oct 2026, 00:00 CESTFair value$42.29$42.95$17.75
30 Sept 2026, 00:00 CESTFair value$42.95$44.17$18.04
24 Sept 2026, 00:00 CESTFair value$44.17$43.52$18.19
19 Sept 2026, 00:00 CESTFair value$43.52$44.11$17.88

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value40Quality38Momentum17Total26
Valuation
Trailing P/E
0.0x
Forward P/E
0.0x
PEG
no data
P/B
0.00x
EV / Revenue
0.0x
Book value/sh
no data
Enterprise value
$0
Profitability
ROE
7.5%
FCF yield
17.04%
ROIC
8.9%
Health and risk
Debt / equity
0.38
Dividend yield
6.69%
Beta
no data

Price

-17.0% · 1Y

Ask anything about AIZN

Answered from Assurant Inc. 5.25% Subordinated Notes due 2061 fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 35.4x
ROEbetter than 50% of peers
low 0%7%high 22%
Div yieldbetter than 100% of peers
low 0.6%6.7%high 6.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
AIZN Assurant Inc. 5.25% Subordinated Notes due 2061$17.10$3145% below-7.5%3826
JAN Janus Living Inc. Class A-1 Common Stock$28.31---0.5%2747
CPT Camden Property Trust Common Stock$102.00$1031% below33.9x7.9%7241
ELS Equity Lifestyle Properties Inc. Common Stock$60.84--29.3x22.3%7748
AMH American Homes 4 Rent Common Shares of Beneficial Interest$31.92$2242% above25.3x7.1%7755
UDR UDR Inc. Common Stock$35.84$2542% above22.7x13.7%7252
MAA Mid-America Apartment Communities Inc. Common Stock$119.78$10514% above35.4x7.0%6948

Sector report card

Where AIZN ranks against its sector peers on each metric.

Computing percentiles…
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14 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 5
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
Oct 5
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
September 2026
Sep 15
Form 4Insider transactionPeriod 2026-09-15
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37 more filings + AI summaries on Investor+.INVESTOR