AIZ Stock Summary and Trading Ideas (Assurant | NYSE:AIZ)

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.

Assurant trades on the NYSE stock market under the symbol AIZ.

As of March 27, 2023, AIZ stock price climbed to $114.25 with 87,966 million shares trading.

AIZ has a beta of 0.67, meaning it tends to be less sensitive to market movements. AIZ has a correlation of 0.23 to the broad based SPY ETF.

AIZ has a market cap of $6.05 billion. This is considered a Mid Cap stock.

Last quarter Assurant reported $3 billion in Revenue and $3.23 earnings per share. This beat revenue expectation by $23 million and exceeded earnings estimates by $.52.

In the last 3 years, AIZ stock traded as high as $194.12 and as low as $83.89.

The top ETF exchange traded funds that AIZ belongs to (by Net Assets): VTI, VB, VOO, VBR, USMV.

AIZ has underperformed the market in the last year with a price return of -36.0% while the SPY ETF lost -10.5%. AIZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.1% and -2.1%, respectively, while the SPY returned +4.0% and +3.1%, respectively.

AIZ support price is $110.04 and resistance is $115.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIZ stock will trade within this expected range on the day.