Assurant Inc. stock trades under the ticker AIZ & has shown bullishness signs that traders & investors should take a closer look at.
AIZ stock closed at $163.34/share on 11/22/2021.
Assurant Inc. AIZ Stock’s Technicals Broken Down
AIZ Stock Price: $163.34
10 Day Moving Average: $160.55
50 Day Moving Average: $161.59
200 Day Moving Average: $154.20
RSI: 55.54
MACD: -0.418
AIZ stock completed a bullish MACD crossover yesterday, jumping 2.42%.
There looks to be more momentum to come in the near-term, with ~0.6% between their 10 Day MA & 50 Day MA.
They have recently been trading at about average volume for the past year.
The next resistance test for AIZ stock looks to be $167.14.
Assurant Inc. AIZ Stock As A Long-Term Investment
Investors may be interested in AIZ’s fundamentals, particularly their valuation metrics.
AIZ stock has a P/E (ttm) of 18.39 & a P/B of 1.58.
They also have a relatively low beta at 0.64, so they tend to move less aggressively than the broader markets, which can be beneficial in times of volatility.
AIZ stock’s Quarterly Revenue Growth Y-o-Y is 11%.
Their balance sheet also looks decent, with Total Cash (mrq) of $2.25B & Total Debt (mrq) of $2.2B.
AIZ’s dividend yield is 1.66%, which appears to be safe with a payout ratio of 30.5%.
All of these factors contribute to the fact that 96% of their share float is held by institutional investors.
Assurant Inc. AIZ Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of AIZ’s current momentum, while also reducing the risks associated with broader market volatility.
I am looking at the contracts that expire of 12/17.
The $160 & $165 calls look appealing, as despite low open interest, they have very low implied volatility as well.
The $165 puts also look interesting, although also very illiquid.
There is no open interest on the $170 strike price contracts, although there may be some written in the near-future with last Friday being an expiration date.
Tying It All Together
Overall, AIZ stock looks to have many interesting attributes that traders & investors alike will be interested in.
Investors will like their valuation, balance sheet & dividend metrics in the long-term.
Traders will like their current momentum that looks set to continue climbing in the near-term.
All-in-all, AIZ stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF AIZ STOCK ***