Trade-Ideas LLC identified

Assurant

(

AIZ

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Assurant as such a stock due to the following factors:

  • AIZ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $33.6 million.
  • AIZ has traded 6,820 shares today.
  • AIZ is trading at a new lifetime high.

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More details on AIZ:

Assurant, Inc., through its subsidiaries, provides specialty protection products and related services in North America, Latin America, Europe, and internationally. The stock currently has a dividend yield of 2.3%. AIZ has a PE ratio of 19. Currently there are 2 analysts that rate Assurant a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Assurant has been 647,900 shares per day over the past 30 days. Assurant has a market cap of $5.4 billion and is part of the financial sector and insurance industry. The stock has a beta of 0.62 and a short float of 2.8% with 5.37 days to cover. Shares are up 8.2% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Assurant as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 340.2% when compared to the same quarter one year prior, rising from $50.04 million to $220.32 million.
  • Powered by its strong earnings growth of 370.42% and other important driving factors, this stock has surged by 31.26% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, AIZ should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • ASSURANT INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ASSURANT INC reported lower earnings of $2.05 versus $6.42 in the prior year. This year, the market expects an improvement in earnings ($6.05 versus $2.05).
  • AIZ, with its decline in revenue, slightly underperformed the industry average of 15.3%. Since the same quarter one year prior, revenues fell by 20.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.31, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further.

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