Assurant Inc. Sets New 1-Year High at $56.12 (AIZ)
Assurant (NYSE:AIZ) set a new 52-week high during trading hours on Monday, AnalystRatings.Net reports. The company traded as high as $56.12 and last traded at $56.10, with a volume of 197,736 shares. The stock had previously closed at $55.21.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Assurant (NYSE:AIZ) from $53.00 to $57.00 in a research note to investors on Friday, July 26th. Separately, analysts at Zacks upgraded shares of Assurant (NYSE:AIZ) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $64.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Assurant (NYSE:AIZ) in a research note to investors on Thursday, July 18th. They now have a $52.00 price target on the stock.
Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Assurant presently has a consensus rating of “Hold” and a consensus price target of $50.56.
In other Assurant news, EVP Christopher Pagano sold 1,250 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $53.76, for a total value of $67,200.00. Following the completion of the sale, the executive vice president now directly owns 73,749 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
Assurant has a one year low of $33.62 and a one year high of $56.21. The stock has a 50-day moving average of $54.71 and a 200-day moving average of $49.92. The company has a market cap of $4.199 billion and a price-to-earnings ratio of 11.11.
Assurant (NYSE:AIZ) last announced its earnings results on Wednesday, July 24th. The company reported $1.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.11. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company posted $1.81 earnings per share. Assurant’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Assurant will post $5.65 earnings per share for the current fiscal year.
Assurant, Inc (NYSE:AIZ) is a provider of specialized insurance products and related services in North America and select worldwide markets.
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