Bank of America Merrill Lynch Downgrades Assurant to “Underperform” on a Valuation Call (AIZ)
Due to its current valuation and a $51 price target, analysts at Bank of American Merrill Lynch downgraded insurance provider Assurant, Inc. (AIZ) on Wednesday.
The analysts downgraded AIZ from “Neutral” to “Underperform.” The $51 price target suggests a slight downside to the stock’s Tuesday closing price of $51.31.
Assurant shares were inactive during pre-market trading on Wednesday. The stock is up 47.87% year-to-date.
The Bottom Line
Shares of Assurant (AIZ) have a dividend yield of 1.95% based on last night’s closing price of $51.31 and the company’s annualized dividend payout of $1.00 per share.
Assurant, Inc. (AIZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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