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Robert Lonergan, the Chief Marketing and Risk Officer at Assurant , Inc. (NYSE:AIZ), has recently sold 3,500 shares of the company’s common stock. The company, which boasts a market capitalization of $10.7 billion and a perfect InvestingPro Piotroski Score of 9, demonstrates strong financial health with an overall "GOOD" rating. The transactions, executed on March 20, 2025, were completed at a weighted average price of approximately $212.39 per share, resulting in a total value of $743,354. Following these sales, Lonergan holds approximately 25,731 shares, which include restricted stock units. The sales were conducted over multiple transactions with prices ranging from $212.07 to $212.96 per share. According to InvestingPro analysis, Assurant appears undervalued at current levels, with a P/E ratio of 14.4x and strong earnings growth potential. For comprehensive insider trading patterns and 10+ additional ProTips, explore the full InvestingPro research report.
In other recent news, Assurant has been in the spotlight with several key developments. Truist Securities recently reaffirmed a Buy rating for Assurant, raising the price target to $250, following a series of investor meetings. This adjustment reflects expectations of increased catastrophe losses from the LA wildfires, which have impacted the 2025 earnings per share (EPS) estimate, now revised to $16.35. Despite this, the firm projects a 12% increase in the non-catastrophe EPS for 2026, indicating cautious optimism about Assurant’s future financial performance.
Assurant’s recent investments in its Global Lifestyle segment, amounting to $25 million, are seen as steps toward growth, although similar expenditures next year may slightly affect EBITDA growth. In the Global Automotive sector, the company has successfully implemented 18 price hikes, contributing to a positive earnings shift. Assurant is also undergoing leadership changes in Europe and Latin America, appointing Felipe Sanchez as the new president of Assurant Europe and Diego Gomez as the president of Assurant Mexico. These leadership moves are part of Assurant’s strategy to expand its international business footprint and foster talent development.
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