Assurant, Inc. (AIZ) is a multi-line insurance company that specializes in niche markets. The company's stock has enjoyed a big run-up so far this year, but I believe it may be about to encounter a stiff headwind which will hold back stock price appreciation for a while. In the long run, however, the firm should be fine and indeed if the current trend towards specialized insurance companies (like AIZ) taking market share holds, the firm will thrive… eventually. I'll explain the basis for my thesis in a bit, but first let me tell you about the company.
The company's history can be traced back to 1892 with the founding of LaCrosse Mutual Aid Association in LaCrosse Wisconsin. Today,...
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