Assurant Inc. (NYSE: AIZ) has reported E.P.S. of $3.59 for its second fiscal quarter (ending June 30) versus $2.91 for the same period a year ago — an increase of 23%. However, this result fell short of the consensus estimate of $3.61 by $-0.02. For the latest four quarters through June 30, E.P.S. were $15.08 versus $6.44 for the same period a year ago — an increase of 134%.
Recent Price Action
On 8/6/24, Assurant Inc. (NYSE: AIZ) stock rose modestly by 0.5%, closing at $170.17. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.4% 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 (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Assurant has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 53, resulting in the Low Neutral Value Trend Rating.
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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