Truist Financial Sticks to Its Buy Rating for Assurant (AIZ)
Truist Financial analyst Mark Hughes maintained a Buy rating on Assurant yesterday and set a price target of $310.00.
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According to TipRanks, Hughes is a 5-star analyst with an average return of 14.9% and a 67.89% success rate. Hughes covers the Financial sector, focusing on stocks such as Assurant, Arthur J Gallagher & Co, and Brown & Brown.
Assurant has an analyst consensus of Strong Buy, with a price target consensus of $283.83.
Based on Assurant’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.42 billion and a net profit of $274.1 million. In comparison, last year the company earned a revenue of $3.07 billion and had a net profit of $146.6 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIZ in relation to earlier this year. Last month, Dimitry DiRienzo, the SVP, CAO, Controller of AIZ sold 2,000.00 shares for a total of $511,340.00.
Read More on AIZ:
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- Assurant price target raised to $310 from $290 at Truist
- The Week That Was, The Week Ahead: Macro and Markets, June 7
- Assurant price target raised to $290 from $268 at Piper Sandler
- Assurant Shareholders Approve Amended Long-Term Equity Plan
- Analyst Lifts Assurant Price Target to $274 on Resilient Growth, Differentiated Device-Care Platform, and Margin Upside from AI Efficiencies
