Peeling Back The Layers: Exploring Assurant Through Analyst Insights
During the last three months, 4 analysts shared their evaluations of Assurant (NYSE:AIZ), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $196.0, with a high estimate of $205.00 and a low estimate of $182.00. This current average has increased by 5.8% from the previous average price target of $185.25.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Assurant by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Barnidge | Piper Sandler | Raises | Overweight | $205.00 | $195.00 |
| Thomas McJoynt-Griffith | Keefe, Bruyette & Woods | Raises | Market Perform | $182.00 | $170.00 |
| John Nadel | UBS | Raises | Buy | $205.00 | $191.00 |
| John Barnidge | Piper Sandler | Raises | Overweight | $192.00 | $185.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Assurant. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Assurant compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Assurant's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Assurant's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Assurant analyst ratings.
All You Need to Know About Assurant
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: Financial Performance Dissected
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Assurant's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 12.45%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 6.12%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Assurant's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.92% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Assurant's ROA stands out, surpassing industry averages. With an impressive ROA of 0.55%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Assurant's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.43.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.