Yahoo Finance Why Assurant (AIZ) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and 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 #2 (Buy) stock, with a Value Style Score of A and VGM Score of B. Shares are currently trading at a forward P/E of 11.2X for the current fiscal year compared to the Insurance - Multi line industry's P/E of 9.3X. Additionally, AIZ has a PEG Ratio of 2.2 and a Price/Cash Flow ratio of 9.2X. Value investors should also note AIZ's Price/Sales ratio of 0.8X.
Many value investors pay close attention to a company's earnings as well. For AIZ, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.91 to $16.03 per share for 2024. Per share AIZ boasts an average earnings surprise of 42.2%.
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
