William Blair analyst Jeff Schmitt has maintained their bullish stance on AIZ stock, giving a Buy rating yesterday.
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Jeff Schmitt has given his Buy rating due to a combination of factors including Assurant’s strong quarterly performance and promising future prospects. The company reported an adjusted EPS of $5.73, significantly surpassing the consensus of $4.37, primarily driven by the robust performance in its Global Housing segment.
Additionally, there is notable momentum in the Global Lifestyle segment, particularly in Connect Living, where earnings are accelerating as new mobile partnerships are established. The Global Auto segment is also showing signs of improvement with better loss trends. Looking ahead, Schmitt expects continued growth in Global Lifestyle and stable results in Global Housing, projecting a substantial increase in adjusted EPS for the next year. The stock appears undervalued, trading at only 10 times the 2026 EPS estimate, making it an attractive investment opportunity.
In another report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $265.00 price target.