Assurant, Inc. has outperformed the broader financial sector, with its stock climbing 33.4% over the past 52 weeks compared to a 5.5% return for the State Street Financial Select Sector SPDR ETF. The Atlanta-based insurer, valued at $13 billion, reported first-quarter adjusted earnings per share of $5.95, beating Wall Street expectations of $5.40, while revenue rose 11.3% year over year to $3.4 billion. AIZ shares have gained 22.9% over the past three months and 8.6% year-to-date, consistently trading above both its 50-day and 200-day moving averages. Wall Street analysts rate the stock a consensus Strong Buy with a mean price target of $283.83, implying an 8.5% upside from current levels.
Assurant, Inc.Assurant reported Q1 adjusted EPS of $5.95, beating estimates of $5.40, and revenue rose 11.3% YoY to $3.4B.
Hartford Financial Services Group