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Morgan Stanley Sticks to Its Hold Rating for Assurant (AIZ)

Tipranks - Tipranks - Sat Feb 14, 8:02AM CST

In a report released today, Bob Huang from Morgan Stanley maintained a Hold rating on Assurant, with a price target of $248.00.

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According to TipRanks, Huang is an analyst with an average return of -4.9% and a 51.61% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Arch Capital Group, and Chubb.

In addition to Morgan Stanley, Assurant also received a Hold from TipRanks – Anthropic’s Anthropic Insurance – Specialty in a report issued on January 29. However, yesterday, BMO Capital maintained a Buy rating on Assurant (NYSE: AIZ).

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Based on Assurant’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.23 billion and a net profit of $265.6 million. In comparison, last year the company earned a revenue of $2.97 billion and had a net profit of $133.8 million

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