Assurant Rating Lowered to Underperform at Sterne Agee (AIZ)

By admin | 6 years ago

Assurant (NYSE: AIZ) was downgraded by research analysts at Sterne Agee from a “neutral” rating to an “underperform” rating in a report released on Tuesday.

Shares of Assurant traded down 1.08% during mid-day trading on Tuesday, hitting $33.99. Assurant has a 52 week low of $30.65 and a 52 week high of $44.54. The company has a market cap of $2.915 billion and a P/E ratio of 5.74.

Assurant last announced its earnings results on Wednesday, April 25th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.43 by $0.38. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Assurant will post $1.25 earnings per share next quarter.

A number of other firms have also recently commented on AIZ. Analysts at Macquarie initiated coverage on shares of Assurant in a research note to investors on Monday. They set an “underperform” rating on the stock. Separately, analysts at Bank of America (NYSE: BAC) downgraded shares of Assurant from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, May 2nd. They now have a $45.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Assurant in a research note to investors on Monday, April 30th. They now have a $43.00 price target on the stock.

Assurant, Inc. (Assurant) is a provider of specialized insurance products and related services in North America and selected international markets.

About the author