Wall Street expects a year-over-year decline in earnings on higher revenues when Assurant (AIZ) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 5. O ...

In September, fears about a slowdown in economic growth and an unexpected fall in consumer confidence resulted in volatility in the stock market. However, the market is well-poised to post the first September gains in five years due to the Federal Reserve’s jumbo interest rate cuts in its latest policy meeting, with more expected to come.The Fed’s dovish stance is expected to overwhelm market upheavals in the weeks ahead due to the presidential election and eventually help the S&P 500 Index hit the 6,000 ma ...

Shares of Assurant, Inc. (AIZ) closed at $197.31 on Tuesday, near its 52-week high of $199.50. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving average (SMA) of $184.33 and $175.46, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Shares of AIZ have gained 19.7% in the past three mon ...

Better pricing, prudent underwriting, increased exposure and faster economic recovery should help Multiline insurers to grow. The industry has returned 17.7% year to date compared with the Finance sector’s growth of 15.3%. The Zacks S&P 500 composite has witnessed an increase of 19.6% in the said time frame. Product diversification helps insurance industry players lower concentration risk and improve retention ratio. YTD PerformanceImage Source: Zacks Investment ResearchAccelerated digitalization will help ...

Eoneren Assurant (NYSE:AIZ) is a relatively unknown insurer that operates in niche markets with recurring revenue. The firm has translated its focus and good operational execution into consistent long-term growth. It has returned cash to shareholders through share buybacks and dividends. Although the yield is low, the 20-year streak of annual increases and excellent safety is appealing. Even with the current runup in share price, it is trading at a reasonable earnings multiple. I view Assurant as a long ...

Assurant (AIZ) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Ind ...

The S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite have declined 2.6%, 2% and 3%, respectively, since Aug. 30, 2024. September has historically been a sluggish month for the stock market. While there are several theories for this uncanny phenomenon, the most common notion is that investors take time off during the summer months, leading to an overall decline in trading volumes. Stock Trader’s Almanac shows that September has been the weakest month for the S&P 500 since 1950 and since 197 ...

Wall Street ended a volatile August on a positive note. The three major indexes — the Dow, the S&P 500 and the Nasdaq Composite — were up 1.8%, 2.3% and 0.7%, respectively. Meanwhile, U.S. stock markets started September with a sharp decline. On Tuesday, the first trading day of this month, the Dow, the S&P 500 and the Nasdaq Composite — tumbled 1.5%, 2.1% and 3.3%, respectively.The situation is the same as in August, when U.S. stocks fell sharply in the first week of the last month. Despite a weak start to ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

A month has gone by since the last earnings report for Assurant (AIZ) . Shares have added about 15.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Assurant due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Assurant Q2 Earnings & Revenues Beat, View RaisedAssurant, ...