Chart Of The Day: Assurant - Consumer Insurances -

Chart Of The Day: Assurant – Consumer Insurances

Nov 28, 2023Jeremy ParkinsonFinance0

Image Source: Pixabay

100% technical buy signals

4 new highs and up 15.18% in the last month

40.80+ Weighted Alpha

The Chart of the Day belongs to the consumer insurance company Assurant (AIZ). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 / 1 the stock gained .98%. AIZ Price vs Daily Moving AveragesAssurant, Inc., together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, leased and financed solutions, and other related services. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance, and other specialty products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

40.80+ Weighted Alpha

30.91% gain in the last year

Trend Seeker buy signal

Above its 20, 50 and 100-day moving averages

4 new highs and up 15.18% in the last month

Relative Strength Index 69.50%

Technical support level at $164.09

Recently traded at $168.40 with 50-day moving average of $152.14

Fundamental Factors:

Market Cap $8.72 billion

Revenue expected to grow 7.40% this year and another 4.10% next year

Earning estimated to increase 31.20% this year, an additional 3.80% next year and continue to compound at an annual rate of 14.60% for the next 5 years

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analyst gave 6 strong buy and 1 buy opinions on the stock

Analysts’ price targets are between $171 and $205 with a consensus of $189 for a 12+%

Value Line rates it an above-average rating of 1 with a 3-5 year price target of $170 to $235

CFRAs MarketScope rates it a 3-star hold

5.600 investors monitor the stock on Seeking Alpha

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