Assurant (AIZ)

• Market cap: $10.9B
• 1 day: 1.84%
• 5 days: -2.65%
• 1 month: -3.88%
• 3 months: 9.27%
• 6 months: 25.16%
• Year to date: 24.97%
• 1 year: 29.38%
• 5 years: 61.72%
• 10 years: 208.94%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

33% more call options, than puts

Call options by funds: $7.62M | Put options by funds: $5.75M

15% more capital invested

Capital invested by funds: $8.29B [Q2] → $9.58B (+$1.28B) [Q3]

4% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 70

1% more funds holding

Funds holding: 511 [Q2] → 514 (+3) [Q3]

2.09% less ownership

Funds ownership: 95.95% [Q2] → 93.86% (-2.09%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 195

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

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

• Low target: $212 0% upside
• Avg. target: $232 9% upside
• High target: $251 18% upside

6 analyst ratings

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

Morgan Stanley Bob Huang 53% 1-year accuracy 8 / 15 met price target	18% upside $251	Equal-Weight Initiated	5 Dec 2024
Keefe, Bruyette & Woods Tommy McJoynt 60% 1-year accuracy 3 / 5 met price target	0% downside $212	Market Perform Maintained	12 Nov 2024
UBS John Nadel 80% 1-year accuracy 4 / 5 met price target	13% upside $240	Buy Maintained	11 Nov 2024
Truist Securities Mark Hughes 70% 1-year accuracy 45 / 64 met price target	13% upside $240	Buy Maintained	7 Nov 2024
B of A Securities Grace Carter 73% 1-year accuracy 8 / 11 met price target	10% upside $233	Buy Maintained	10 Oct 2024