Assurant (AIZ)

• Market cap: $10.3B
• Sector: Financials
• Industry: Insurance Carriers

About: Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. Its segments are Global Housing, Global lifestyle, Corporate and Other. Global Housing provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products. Global Lifestyle, the key revenue-generating segment, provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances; vehicle protection; and credit protection and other insurance products.

Employees: 13,600

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]

24% more call options, than puts

Call options by funds: $5.34M | Put options by funds: $4.29M

22% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 55

2% more funds holding

Funds holding: 498 [Q1] → 510 (+12) [Q2]

2% more repeat investments, than reductions

Existing positions increased: 189 | Existing positions reduced: 186

0.4% more ownership

Funds ownership: 94.08% [Q1] → 94.49% (+0.4%) [Q2]

11% less capital invested

Capital invested by funds: $9.2B [Q1] → $8.17B (-$1.03B) [Q2]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $194 2% downside
• Avg. target: $214 8% upside
• High target: $233 18% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

B of A Securities Grace Carter 50% 1-year accuracy 1 / 2 met price target	18% upside $233	Buy Maintained	10 Oct 2024
Piper Sandler John Barnidge 94% 1-year accuracy 30 / 32 met price target	10% upside $217	Neutral Maintained	2 Oct 2024
UBS John Nadel 75% 1-year accuracy 3 / 4 met price target	13% upside $224	Buy Maintained	23 Sept 2024
Piper Sandler John Barnidge 94% 1-year accuracy 30 / 32 met price target	1% upside $200	Neutral Downgraded	22 Aug 2024
Keefe, Bruyette & Woods Tommy McJoynt 100% 1-year accuracy 2 / 2 met price target	2% downside $194	Market Perform Maintained	14 Aug 2024