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Should You Buy Assurant, Inc. (AIZ) Stock Thursday?

Thursday, November 30, 2023 03:18 PM | InvestorsObserver Analysts

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Should You Buy Assurant, Inc. (AIZ) Stock Thursday?

InvestorsObserver gives Assurant, Inc. (AIZ) a strong valuation score of 84 from its analysis. The proprietary scoring system considers the underlying health of a company by analyzing its stock price, earnings, and growth rate. AIZ currently holds a better value than 84% of stocks based on these metrics. Long term investors focused on buying-and-holding should find the valuation ranking system most relevant when making investment decisions.

Valuation Rank - 84
AIZ gets a 84 Valuation Rank today. Find out what this means to you and get the rest of the rankings on AIZ!

Metrics Analysis

AIZ has a trailing twelve month Price to Earnings (PE) ratio of 16.77 which places it around the histroical average of roughly 15. AIZ is currently trading at a average value due to investors paying around what the stock is worth in relation to its earnings. AIZ's trailing-12-month earnings per share (EPS) of 155.86 does justify its share price in the market. Trailing PE ratios do not factor in the company's projected growth rate, thus, some firms will have high PE ratios caused by high growth recruiting more investors even if the underlying company has produced low earnings so far.
AIZ has a 12 month forward PE to Growth (PEG) ratio of 0.79. Markets are overvaluing AIZ in relation to its projected growth as its PEG ratio is currently above the fair market value of 1. 155.86's PEG comes from its forward price to earnings ratio being divided by its growth rate. PEG ratios are one of the most used valuation metrics due to its incorporation of more company fundamentals metrics and a focus on the firm's future rather than its past.

Summary

AIZ' has a strong valuation at its current share price on account of a undervalued PEG ratio despite strong growth. AIZ's PE and PEG are better than the market average leading to a above average valuation score. Click Here to get the full Report on Assurant, Inc. (AIZ) stock.

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