Assurant Receives Neutral Rating from JPMorgan Chase & Co. (AIZ)
Assurant (NYSE:AIZ)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday. They currently have a $73.00 price objective on the stock, up from their previous price objective of $66.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 11.37% from the stock’s previous close.
Assurant (NYSE:AIZ) traded up 1.89% on Tuesday, hitting $66.79. The stock had a trading volume of 222,772 shares. Assurant has a one year low of $50.20 and a one year high of $69.71. The stock has a 50-day moving average of $67.52 and a 200-day moving average of $66.13. The company has a market cap of $4.785 billion and a price-to-earnings ratio of 9.78.
Assurant (NYSE:AIZ) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.15. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that Assurant will post $6.30 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AIZ. Analysts at Zacks reiterated a “neutral” rating on shares of Assurant in a research note on Tuesday, May 20th. They now have a $70.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of Assurant from a “neutral” rating to an “underperform” rating in a research note on Friday, May 16th. They now have a $73.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at SunTrust reiterated a “neutral” rating on shares of Assurant in a research note on Friday, April 25th. They now have a $68.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.43.
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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