Assurant Reaches New 52-Week High (AIZ)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Assurant (NYSE: AIZ) hit a new 52-week high Monday as it is currently trading at $45.58, above its previous 52-week high of $45.57 with 464,403 shares traded as of 3:26 p.m. ET. Average volume has been 951,600 shares over the past 30 days.

Assurant has a market cap of $3.58 billion and is part of the financial sector and insurance industry. Shares are up 29.7% year to date as of the close of trading on Friday.

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America and internationally. The company has a P/E ratio of eight, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Assurant as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Assurant Ratings Report.

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