Assurant (NYSE:AIZ) Has Just Had Its Price Objective Increased by Analysts at Suntrust Robinson to $105.00


Stock Analysis:Assurant (NYSE:AIZ) Stock Target Raised

In a recent research report revealed to investors by Suntrust Robinson on Friday morning, Assurant (NYSE:AIZ) had its target price increased to $105.00. The firm presently has a solid “Buy” rating on shares.

From a total of 6 analysts covering Assurant (NYSE:AIZ) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $105 while the lowest target price is $69. The mean of all analyst targets is $86.83 with a -12.20% below today’s ($86.56) stock price. Assurant was the topic of 5 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray maintained shares on October 21 with “Neutral” rating. Bank of America upgraded AIZ stock in a recent report from August 3 to “Buy” rating.

The stock increased 4.26% or $3.54 on December 4, striking $86.56. Approximately shares of stock traded hands. Assurant, Inc. (NYSE:AIZ) has risen 38.56% since May 4, 2015 and is uptrending. It has outperformed by 39.64% the S&P500.

Assurant, Inc. is a provider of insurance products and related services, which operates in North America, Latin America, Europe and across the world. The company has a market cap of $5.70 billion. The Firm operates in four divisions: Assurant Solution, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits. It has 49.05 P/E ratio. Assurant Solutions provides mobile device protection, debt protection administration, credit-related insurance, warranties and service contracts and pre-funded funeral insurance.

According to Zacks Investment Research, “Assurant Inc is a premier provider of specialized insurance products and related services in North America and selected other international markets. The four key businesses Assurant Employee Benefits; Assurant Health; Assurant Solutions; and Assurant Specialty Property have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments in the U.S. and selected international markets. The Assurant business units provide creditor placed homeowners insurance; manufactured housing homeowners insurance; debt protection administration; credit-related insurance; warranties and extended service contracts; individual health and small employer group health insurance; group dental insurance; group disability insurance; group life insurance; and pre-funded funeral insurance.” Get a free copy of the Zacks research report on Assurant, Inc. (AIZ).