Assurant (AIZ) Stock Rating Upgraded by ValuEngine

Assurant (NYSE:AIZ) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other research analysts have also issued reports on AIZ. UBS initiated coverage on Assurant in a report on Friday, March 2nd. They issued a “buy” rating and a $127.00 target price for the company. SunTrust Banks decreased their target price on Assurant and set a “buy” rating for the company in a report on Thursday, April 12th.

Assurant opened at $95.92 on Friday, Marketbeat.com reports. The firm has a market capitalization of $4.97 billion, a P/E ratio of 24.10, a P/E/G ratio of 0.65 and a beta of 0.55. Assurant has a 12-month low of $84.34 and a 12-month high of $106.99. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.45.

Assurant (NYSE:AIZ) last released its earnings results on Thursday, May 3rd. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.25. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.59 billion. Assurant had a return on equity of 5.17% and a net margin of 7.41%. Assurant’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. equities research analysts predict that Assurant will post 7.54 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in AIZ. Xact Kapitalforvaltning AB lifted its holdings in Assurant by 17.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,376 shares of the financial services provider’s stock worth $491,000 after buying an additional 818 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Assurant during the 1st quarter worth about $1,079,000. Guggenheim Capital LLC lifted its holdings in Assurant by 7.7% during the 1st quarter. Guggenheim Capital LLC now owns 692,126 shares of the financial services provider’s stock worth $63,266,000 after buying an additional 49,674 shares during the last quarter. Element Capital Management LLC purchased a new stake in Assurant during the 1st quarter worth about $2,524,000. Finally, Barclays PLC lifted its holdings in Assurant by 150.2% during the 1st quarter. Barclays PLC now owns 123,887 shares of the financial services provider’s stock worth $11,323,000 after buying an additional 74,371 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

About Assurant

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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