Morgan Stanley has revised its price target for Assurant (AIZ) from $217 to $218, maintaining an Equal Weight rating. The firm's updated insights reflect a slight increase in expectations, aligning with the company's current market position and financial outlook. The average target price for Assurant is $233.00 with a high estimate of $250.00 and a low estimate of $217.00, indicating an upside of 24.23% from the current price of $187.56.
Morgan Stanley has revised its price target for Assurant (AIZ) from $217 to $218, maintaining an Equal Weight rating. The firm's updated insights reflect a slight increase in expectations, aligning with the company's current market position and financial outlook. The average target price for Assurant is $233.00 with a high estimate of $250.00 and a low estimate of $217.00, indicating an upside of 24.23% from the current price of $187.56.
Analysts at Morgan Stanley believe that Assurant's recent earnings report, which exceeded analyst estimates, justifies the upward adjustment. The company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.61. Revenue for the quarter was $3.07 billion, also exceeding analyst estimates of $3.06 billion. Assurant's quarterly revenue was up 6.7% on a year-over-year basis.
Institutional investors have also shown confidence in Assurant's prospects. Bank of New York Mellon Corp, Invesco Ltd., Geode Capital Management LLC, Price T Rowe Associates Inc. MD, and Northern Trust Corp have all increased their positions in the company's stock during the first quarter.
Despite the positive outlook, Assurant faces competition in its market. The company operates in the business services sector, providing mobile device solutions, extended service contracts, and insurance products. However, the sector is crowded with competitors, and Assurant's ability to maintain its market share will be crucial to its long-term success.
References:
[1] https://www.marketbeat.com/instant-alerts/assurant-nyseaiz-given-new-21800-price-target-at-morgan-stanley-2025-07-14/
[2] https://www.marketscreener.com/quote/stock/ASSURANT-INC-11600/news/Morgan-Stanley-Adjusts-Price-Target-on-Assurant-to-218-From-217-Maintains-Equalweight-Rating-50504432/
Comments
No comments yet