Assurant (NYSE:AIZ) Price Target Raised to $250.00 at Truist Financial

Assurant (NYSE:AIZ) had its price objective raised by investment analysts at Truist Financial from $240.00 to $250.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 20.51% from the stock’s current price.

AIZ has been the topic of several other reports. Keefe, Bruyette & Woods boosted their target price on Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Morgan Stanley began coverage on shares of Assurant in a research report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price objective on the stock. Finally, StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $231.17.

Assurant Price Performance

Shares of Assurant stock opened at $207.46 on Thursday. The company’s fifty day simple moving average is $212.83 and its two-hundred day simple moving average is $202.44. Assurant has a 12-month low of $160.12 and a 12-month high of $230.55. The firm has a market cap of $10.64 billion, a PE ratio of 14.80 and a beta of 0.62. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.42% and a net margin of 6.31%. As a group, equities analysts expect that Assurant will post 15.82 EPS for the current year.

Institutional Trading of Assurant

A number of hedge funds have recently modified their holdings of AIZ. True Wealth Design LLC bought a new position in shares of Assurant in the 3rd quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Assurant during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its stake in shares of Assurant by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Assurant by 219.1% during the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Assurant by 509.4% in the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.