This Top Finance Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
Should You Buy #1 (Strong Buy)-Ranked Assurant (AIZ) for Your Portfolio?
Assurant was upgraded to the Zacks Rank #1 list on October 17, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
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.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.15 to $12.73 per share. AIZ also boasts an average earnings surprise of 24.4%.
Analysts are expecting earnings to grow 14.4% for the current fiscal year, with revenue forecasted to rise 4.1%.
Even more impressive, AIZ has gained in value over the past four weeks, up 6.8% compared to the S&P 500's loss of 1.6%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Assurant could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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