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Assurant: Growth And Sticky Rate Hikes Reduce Upside, Downgrade To Hold

Jun. 28, 2023 12:14 AM ETAssurant, Inc. (AIZ)1 Comment
Jishan Sidhu profile picture
Jishan Sidhu


  • Assurant, a global provider of risk management products and services, has risen 6.79%, since my last article, outperforming the S&P 500.
  • The company's diversified businesses have enabled a 6.45% YoY increase in Q1 revenues, but potential recessionary pressures and increasing interest rates may dampen potential upside.
  • Despite Assurant's strong operational position and growth potential, I rate the stock as a 'hold' due to the aforementioned concerns.

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Assurant (NYSE:AIZ) is an Atlanta, Georgia-based global provider of risk management products and services, with operations across a range of specialty niches, P&C, technological device, etc. insurance markets.

Since my last article, Assurant has appreciated 6.79% - before dividends - versus the S&P 500, which

This article was written by

Jishan Sidhu profile picture
I am a Canadian business student focused on quality long-only articles and searching for high-value companies. I have an event-driven focus, evaluating how equities perform under macro events, considering their financials and corporate strategy above all else.Through university clubs, I would also like to disclose my association with Francesco Infusino.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

dannyp52 profile picture
$AIZ is one of about a dozen non-energy stocks in the S&P that is trending up and prsentlyis above it Aug 1st price.
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