Why It Is Apt To Hold Assurant (AIZ) Stock In Portfolio Now
Zacks Investment Research | Aug 24, 2017 08:46AM ET
Assurant Inc.’s (NYSE:AIZ) broad range of risk management services, strategic acquisitions and a strong capital position will continue to fuel its prospects. This Zacks Rank #3 (Hold) multiline insurer has high potential owing to a number of growth drivers.
Growth Projections: The Zacks Consensus Estimate for earnings per share is $6.57, reflecting a year-over-year surge 49.91%. For 2018, the Zacks Consensus Estimate for earnings per share is pegged at $7.17, up 9.14% year over year.
Assurant has long-term expected earnings per share growth of 21.40%, much higher than the industry average of 9.30%.
An Outperformer: Assurant’s shares have gained 7.75% year to date, outperforming the .
Atlas Financial underwrites commercial automobile insurance policies in the United States. The company delivered a four-quarter average positive surprise of 57.94%.
Markel markets and underwrites specialty insurance products in the United States and internationally. The company delivered positive surprises in the last four quarters with the average beat of 21.06%.
Mercury General writes personal automobile insurance in the United States. The company delivered positive surprises in the trailing four quarters with the average beat being 1.06%.
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