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Fundamentals for Assurant, Inc.
Business Operations:
Sector: Financial ServicesIndustry: Insurance - Property & Casualty
Assurant, Inc. provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific. It operates through Global Lifestyle and Global Housing segments. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment protection, and other related services. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and other products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.
Revenue projections:
Investors are expected to be cautious with Assurant, Inc., as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.
Financial Ratios:
| currentRatio | 0.405000 |
|---|---|
| forwardPE | 10.358516 |
| debtToEquity | 38.845000 |
| earningsGrowth | 0.151000 |
| revenueGrowth | 0.079000 |
| grossMargins | 0.118920 |
| operatingMargins | 0.101210 |
| trailingEps | 16.920000 |
| forwardEps | 22.108380 |
Assurant, Inc.'s current ratio is 0.405, suggesting that its cash reserves and current assets may not be sufficient to cover short-term debts. This indicates potential liquidity challenges, meaning the company might face difficulty meeting its immediate financial obligations without securing additional funds.
AIZ's Forward PE being in a good range indicates the stock is priced well relative to its earnings. It is not overvalued, leaving space for future growth, making it an appealing option for investors interested in long-term value appreciation.
AIZ's forward EPS exceeding its trailing EPS implies that the company is projected to be more profitable this year. This suggests an improvement in financial performance, with analysts expecting AIZ to generate stronger earnings compared to the previous financial year.
Price projections:
AIZ's present price relative to projections does not indicate any obvious risks or opportunities. This balanced situation suggests a period of stability, where investors may find it prudent to maintain their current strategies until more information becomes available.
Insider Transactions:
8 Assurant, Inc. transactions were recorded, when the market price was 209.45375061035156.No sell transactions occurred during the period under consideration.The trend of more buys than sells at AIZ's current price levels suggests a possible bullish sentiment. This could indicate that investors are expecting a favorable outlook for the stock, prompting more buying activity.
Recommendation changes over time:
The recent buy bias from analysts suggests AIZ is seen as a strong investment, encouraging more investors to consider it. With this favorable sentiment, AIZ appears to be a reliable option for parking money, offering stability and long-term growth potential in the stock market.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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