Assurant Inc. (NYSE: AIZ) has reported earnings for its third fiscal quarter (ending September 30) of $2.56 versus $3.55 for the same period a year ago — a decline of -28%. For the latest four quarters through September 30, E.P.S. were $14.10 versus $9.85 for the same period a year ago — an increase of 43%.
Recent Price Action
Assurant Inc. (NYSE: AIZ) stock closed at $193.09 on 11/5/24 after a modest gain of 1.0%. Moreover, trading volume in this advance was above average at 121% of normal. The stock has declined -0.6% during the last week but has been strong relative to the market over the last nine months.
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 (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Assurant has a slightly negative Appreciation Score of 31 but a slightly positive Power Rating of 64, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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