Assurant upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded Assurant (AIZ) to Outperform from Market Perform with a price target of $230, up from $212. The firm expects upside to the company’s initial 2025 guidance range and an improved valuation multiple as its Connected Living and Auto growth accelerates. Connected Living is seeing solid mobile device count growth and Auto underwriting margins have inflected positive, the analyst tells investors in a research note. Keefe sees an attractive entry point for the shares with Assurant’s “narratives turning positive.”