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 October 3, 2023, AIZ stock price declined to $143.30 with 72,183 million shares trading.

AIZ has a beta of 0.54, meaning it tends to be less sensitive to market movements. AIZ has a correlation of 0.09 to the broad based SPY ETF.

AIZ has a market cap of $7.58 billion. This is considered a Mid Cap stock.

Last quarter Assurant reported $3 billion in Revenue and $3.89 earnings per share. This beat revenue expectation by $92 million and exceeded earnings estimates by $1.32.

In the last 3 years, AIZ stock traded as high as $194.12 and as low as $104.49.

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

AIZ stock has underperformed the market in the last year with a return of +0.6%, while SPY returned +19.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AIZ shares. However, AIZ has outperformed the market in the last 3 month and 2 week periods, returning +14.5% and +2.2%, while SPY returned -4.5% and -4.9%, respectively. This indicates AIZ has been having a stronger performance recently.

AIZ support price is $142.80 and resistance is $146.02 (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.