Assurant Inc. (NYSE: AIZ) has reported E.P.S. of $4.50 for its first fiscal quarter (ending March 31) versus $2.12 for the same period a year ago — an increase of 112%. This performance was $0.19 better than the consensus estimate of $4.31. E.P.S. were $14.40 for the latest four quarters through March 31 versus $4.49 for the same period a year ago — an increase of 221%.
Recent Price Action
On 5/7/24, Assurant Inc. (NYSE: AIZ) stock declined modestly by -1.1%, closing at $178.58. Moreover, above average trading volume at 142% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
AIZ’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Assurant has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Assurant has a poor Appreciation Score of 29 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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