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 April 17, 2024, AIZ stock price declined to $170.08 with 250,017 million shares trading.

AIZ has a beta of 0.53, meaning it tends to be less sensitive to market movements. AIZ has a correlation of 0.08 to the broad based SPY ETF.

AIZ has a market cap of $8.84 billion. This is considered a Mid Cap stock.

Last quarter Assurant reported $3 billion in Revenue and $4.58 earnings per share. This beat revenue expectation by $183 million and exceeded earnings estimates by $.86.

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, SPY.

AIZ has outperformed the market in the last year with a return of +48.9%, while the SPY ETF gained +23.0%. However, in the most recent history, AIZ shares have underperformed the stock market with its stock returning +3.8% in the last 3 month period and -8.9% for the last 2 week period, while SPY has returned +5.7% and -3.5%, respectively.

AIZ support price is $168.86 and resistance is $173.34 (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.