Assurant, Inc. (NYSE:AIZ) near 52-week low on important volume, short interest down

Assurant, Inc. (NYSE:AIZ) (TREND ANALYSIS) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $60.67, down by -0.26%, with a volume of 1,241,213 shares against an average volume for the last 3 months of 607,807.

Assurant, Inc. (AIZ) reported last quarter earnings on Thursday, February 12. The Multi-line Insurance company announced earning per share of $0.87 against a consensus Street estimate of $1.66, missing estimate by $0.79. This corresponds to an increase of $0.21 compared to the same quarter of the previous fiscal year.

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Assurant, Inc. (NYSE:AIZ) is currently trading 13.25% below its 52-week-high, 1.42% above its 52-week-low. The 1-year range for the stock is $59.82 – $69.94. Assurant, Inc. (AIZ) has a price to earnings ratio of 9.45 versus S&P 500 average of 17.42. The stock price has underperformed the S&P 500 by 13.1%. AIZ is currently valued at $4.31 billion and closed the last trading session at $60.67. The stock has a 50-day moving average of $64.87 and a 200-day moving average of $65.8.

Assurant, Inc. (AIZ) current short interest stands at 2.25 millions shares. It has decreased by 0% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.23 millions shares, the number of days required to cover the short positions stand at 1.9 days.

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There are currently eleven analysts that cover AIZ. Of those eleven, one has a Buy rating, eight have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $69.

In term of ownership, company insiders have sold 11.1% of their stock over the last six months while institutions have decreased their positions by 7.02%. As a whole, institutions own 98.9% of the total outstanding shares.

Company profile

Assurant, Inc. provides specialized insurance and insurance-related products. The Company offers individual and small employer group health insurance, group dental insurance, pre-funded funeral insurance, group disability and life insurance, creditor-placed homeowners insurance, manufactured housing homeowners insurance, debt protection administration, credit insurance, and warranties.

Assurant, Inc. (NYSE:AIZ) near 52-week low on important volume, short interest down was last modified: February 23rd, 2015 by Joe Duerr

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