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Assurant (AIZ) Gets a Hold from Morgan Stanley

Tipranks - Tipranks - Tue Feb 24, 7:32AM CST

Morgan Stanley analyst Bob Huang maintained a Hold rating on Assurant today and set a price target of $248.00.

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

In addition to Morgan Stanley, Assurant also received a Hold from TipRanks – xAI’s xAi Insurance – Specialty in a report issued on February 20. However, on the same day, Truist Financial maintained a Buy rating on Assurant (NYSE: AIZ).

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Based on Assurant’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.35 billion and a net profit of $225.2 million. In comparison, last year the company earned a revenue of $3.1 billion and had a net profit of $201.3 million

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