Assurant (AIZ) Receives a Rating Update from a Top Analyst

In a report released on May 10, Mark Hughes from Truist Financial maintained a Buy rating on Assurant (AIZ – Research Report), with a price target of $220.00. The company’s shares closed last Friday at $176.50.

According to TipRanks, Hughes is a top 25 analyst with an average return of 18.1% and a 74.73% success rate. Hughes covers the Financial sector, focusing on stocks such as Kinsale Capital Group, Arthur J Gallagher & Co, and Fidelity National Financial.

Currently, the analyst consensus on Assurant is a Strong Buy with an average price target of $216.00, representing a 22.38% upside. In a report released on May 10, Piper Sandler also maintained a Buy rating on the stock with a $205.00 price target.

The company has a one-year high of $189.48 and a one-year low of $116.84. Currently, Assurant has an average volume of 336.3K.

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Assurant (AIZ) Company Description:

Assurant, Inc. engages in the provision of risk management solutions. It operates through following segments: Global Housing, Global Lifestyle, and Global Preneed. The Global Housing segment provides lender-placed homeowners, multi-family housing, and mortgage solutions. The Global Lifestyle segment offers mobile device protection products, related & extended service products and related services for consumer electronics & appliances, vehicle protection services, and credit insurance. The Global Preneed segment provides pre-funded funeral insurance and annuity products. The company was founded on February 4, 2004 and is headquartered in New York, NY.