KBW analyst Christopher Campbell reiterated a Buy rating on Assurant (NYSE: AIZ) yesterday and set a price target of $125. The company’s shares closed yesterday at $107.75, close to its 52-week high of $111.43.
According to TipRanks.com, Campbell is a 3-star analyst with an average return of 6.7% and a 71.4% success rate. Campbell covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, State Auto Financial Corp, and GooseHead Insurance Inc.
Currently, the analyst consensus on Assurant is a Strong Buy with an average price target of $126.33.
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Based on Assurant’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $67 million. In comparison, last year the company had a net profit of $120 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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Assurant, Inc. engages in the provision of risk management solutions. It operates through following segments: Global Housing, Global Lifestyle, and Global Preneed. The Global Housing segment provides lender-placed homeowners, multi-family housing, and mortgage solutions.
