Wed Sep 25 03:18:52 UTC 2024: ## Assurant Stock Downgraded by StockNews.com, Analysts Remain Divided

**New York, NY – September 24, 2024** – StockNews.com downgraded Assurant, Inc. (NYSE:AIZ) from a “buy” to a “hold” rating on Tuesday, citing unspecified reasons. The move comes amidst a mixed bag of analyst opinions on the financial services provider.

While StockNews.com is bearish, other analysts remain bullish on Assurant. Bank of America reaffirmed their “buy” rating and only slightly lowered their price target to $222.00 from $223.00. UBS Group also maintained a “buy” rating and increased their target price to $224.00 from $217.00. However, Piper Sandler downgraded Assurant from “overweight” to “neutral” with a $200.00 price target, while Keefe, Bruyette & Woods raised their price objective to $194.00 and assigned a “market perform” rating.

Overall, Assurant currently holds a “Moderate Buy” consensus rating with an average target price of $209.00, according to MarketBeat.

Assurant recently reported strong second-quarter earnings, exceeding analysts’ expectations with $4.08 EPS, up from $3.89 in the same period last year. Revenue also grew 7.1% year-over-year, reaching $2.92 billion.

In recent insider transactions, CAO Dimitry Dirienzo sold 550 shares of the firm’s stock at an average price of $188.44, while EVP Martin Jenns sold 1,500 shares at an average price of $178.13.

Several institutional investors have also made changes to their Assurant holdings. Innealta Capital LLC and Family Firm Inc. both acquired new positions in the second quarter, while Richardson Financial Services Inc. increased its holdings by 62.1% during the same period.

Assurant provides business services that support, protect, and connect consumer purchases in various global markets. The company operates in two segments: Global Lifestyle and Global Housing.

**Disclaimer:** This news article is based on publicly available information and should not be considered financial advice. Investors should conduct their own research before making investment decisions.

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