Assurant Inc. ($AIZ) Stock Forecast: Down 2.5% Today

What is Assurant Inc.?

Assurant (AIZ) is a global provider of risk management solutions, offering protection products and services in the housing and lifestyle markets.

Why is Assurant Inc. going down?

AIZ stock is down 2.5% on Jun 11, 2024 14:37

• The recent decline in Assurant's stock (AIZ) could be linked to the company's latest earnings report showing a decrease in performance.
• There appears to be investor concern regarding Assurant's potential for recovery, resulting in selling activity.
• Market sentiment seems to be impacted by worries about Assurant's earnings projections, leading to a pessimistic view on the stock's future performance.

AIZ Price Chart

AIZ News

Assurant ( AIZ ) Down 2.3% Since Last Earnings Report: Can It Rebound?

Assurant (AIZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2284873/assurant-aiz-down-23-since-last-earnings-report-can-it-rebound

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Assurant Inc. Price History

02.10.2023 - AIZ Stock was up 7.2%

• Today, Assurant (AIZ) experienced a strong bullish movement in the market. Here's what might have caused the market movement:
• Assurant's Q3 earnings surpassed expectations, reflecting improvements in their Connected Living and Homeowners businesses.
• The absence of catastrophe reinstatement premiums also contributed to the positive market movement.
• Assurant's profit surged on the growth in their global housing unit and investment returns.
• Positive sentiment in the overall market and gains in other big stocks may have also influenced the bullish movement of Assurant's stock.

11.05.2024 - AIZ Stock was down 2.5%

• The recent decline in Assurant's stock (AIZ) could be linked to the company's latest earnings report showing a decrease in performance.
• There appears to be investor concern regarding Assurant's potential for recovery, resulting in selling activity.
• Market sentiment seems to be impacted by worries about Assurant's earnings projections, leading to a pessimistic view on the stock's future performance.

01.10.2023 - AIZ Stock was up 6.1%

• Assurant's Q3 profit surged on growth in its global housing unit and investment returns.
• The company's earnings beat Street estimates, with Non-GAAP EPS exceeding expectations by $1.70 and revenue surpassing expectations by $70M.
• Assurant's top-line momentum in its Global Housing segment and improving loss experience, combined with the growth of its U.S. mobile business in Global Lifestyle, contributed to the exceptional performance.
• The positive financial results and outperformance of expectations likely drove the bullish movement in Assurant's stock today.

26.02.2024 - AIZ Stock was up 2.5%

• AIZ stock experienced a strong bullish movement today, possibly driven by positive market sentiment and strong financial performance.
• The collaboration between Intercontinental (ICE) and Freddie Mac to enhance loan quality could have indirectly boosted AIZ stock, as it indicates a positive outlook for the financial sector.
• Sun Life (SLF) expanding its family leave insurance product in Florida may have contributed to the overall positive market sentiment, reflecting a growing trend towards employee benefits and welfare.
• The bullish movement in AIZ stock could also be attributed to general market optimism and investor confidence in the insurance sector's resilience amidst economic uncertainties.

08.04.2024 - AIZ Stock was down 2.3%

• Assurant reported a remarkable 108% increase in net income for Q1'24, surpassing expectations and showcasing solid performance in Global Housing and Global Lifestyle segments.
• Despite the positive earnings and revenue beats, higher expenses and weakness in the Corporate & Other segment may have contributed to investor concerns, leading to the bearish movement in the stock.
• The market reaction could be a result of profit-taking by investors after the stock's recent positive performance, as the numbers exceeded estimates but might not have been enough to sustain a bullish momentum.
• Investors might be looking for further clarity on the impact of higher expenses and the weaker segment performance on Assurant's overall growth trajectory, potentially leading to the bearish sentiment in the market.

07.01.2024 - AIZ Stock was up 5.9%

• Assurant reported strong Q4 2023 earnings, surpassing profit estimates and delivering positive surprises in both earnings and revenues.
• New York Life Investment Management LLC increased its stake in Assurant, Inc., indicating growing investor confidence in the company.
• The market movement could be attributed to the positive financial performance of Assurant, driven by the strength of its global housing unit and solid earnings and revenue numbers.
• The increase in institutional investment and positive market sentiment towards Assurant may have contributed to the bullish movement of the stock.