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 performance in the Global Housing sector and signs of improvement in the Global Lifestyle segment. The company reported adjusted earnings per share that exceeded both consensus and internal estimates, indicating robust financial health. Despite challenges, the Global Lifestyle business shows potential for a turnaround, supported by strategic investments and partnerships with major companies like Verizon and Chase. Additionally, improvements in loss trends within the Global Auto sector suggest a positive trajectory. Assurant’s management has maintained a positive earnings guidance for the year, and the company’s projected earnings growth by 2025 further supports the Buy rating.
In another report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $223.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIZ in relation to earlier this year.