Assurant Inc. stock trades under the ticker AIZ & has recently shown bullishness that traders & investors should take a closer look into.
AIZ stock closed at $183.18/share on 6/6/2022.
Assurant Inc. AIZ Stock’s Technical Performance Broken Down
AIZ Stock Price: $183.18
10 Day Moving Average: $179.77
50 Day Moving Average: $183.10
200 Day Moving Average: $165.56
RSI: 53.78
MACD: -0.576
Yesterday, AIZ stock completed a bullish MACD crossover, while breaking out above their 50 day moving average.
Their recent trading volumes are above average compared to the year prior, and their RSI is still neutral, signaling that there may be more bullish momentum in the near-term.
They will need to test & break above the $187.37 & $190/share resistance levels as they continue to climb.
Assurant Inc. AIZ Stock As A Long-Term Investment
Long-term oriented investors will like AIZ stock’s valuation metrics, with a 18 P/E (ttm) & a P/B(mrq) of 2.01.
They recently reported 2.1% Quarterly Revenue Growth Y-0-Y, with -10.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may require a deeper examination, with $1.4B in Total Cash (mrq) & $2.2B in Total Debt (mrq).
AIZ stock pays a 1.49% dividend yield, which appears stable in the long-run, as their payout ratio is 25.8%.
96.2% of AIZ stock’s outstanding share float is owned by institutional investors.
Assurant Inc. AIZ Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against market volatility, while still profiting from movements in their stock price.
I am looking at the contracts with the 6/17 expiration date.
The $160, $170 & $180 calls are all in-the-money & look the most appealing based on open interest levels (compared to the other in-the-money strikes).
The $185 puts are the only ones with liquidity that are in-the-money.
Tying It All Together
AIZ stock has many characteristics that traders & investors should find appealing.
Investors will like their valuation metrics & dividend yield.
Traders will like their current technical setup, but may be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into how AIZ stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF AIZ STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***