Assurant (AIZ) is a Top-Ranked Value Stock: Should You Buy?
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Assurant (AIZ)
Founded in 1969 and headquartered in New York, Assurant Inc. is a global provider of risk management solutions in the housing and lifestyle markets, protecting where people live and the goods they buy. The company operates in North America, Latin America, Europe and Asia Pacific. Assurant was incorporated as a Delaware corporation in 2004.
AIZ is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 11.5X for the current fiscal year compared to the Insurance - Multi line industry's P/E of 9.7X. Additionally, AIZ has a PEG Ratio of 0.8 and a Price/Cash Flow ratio of 11.2X. Value investors should also note AIZ's Price/Sales ratio of 0.8X.
A company's earnings performance is important for value investors as well. For fiscal 2023, five analysts revised their earnings estimate higher in the last 60 days for AIZ, while the Zacks Consensus Estimate has increased $2.01 to $14.58 per share. AIZ also holds an average earnings surprise of 42.4%.
Investors should take the time to consider AIZ for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Assurant, Inc. (AIZ) : Free Stock Analysis Report
