Assurant (NYSE:AIZ) reported Q4 EPS of $1.73, better than analyst estimates of $1.37 per share. Revenues for the quarter rose 0.3% year-over-year to $2.11 billion, better than consensus estimates of $2.07 billion.
"During 2011, our specialty strategy delivered on our long-term commitments that continue to build value for our shareholders," said Robert B. Pollock, president and CEO of Assurant. "We broadened our product portfolio and improved our operations with an emphasis on consumers' needs. We will build further on these efforts in 2012."
Assurant (NYSE:AIZ) has potential upside of 19.5% based on a current price of $40.51 and an average consensus analyst price target of $48.4.
Assurant should find initial support at its 50-day moving average (MA) of $39.32 and further support at its 200-day MA of $36.87.
In the last five trading sessions, the 50-day MA has climbed 0.22% while the 200-day MA has remained constant.
Assurant, Inc. provides specialized insurance and insurance-related products. The Company offers individual and small employer group health insurance, group dental insurance, pre-funded funeral insurance, group disability and life insurance, creditor-placed homeowners insurance, manufactured housing homeowners insurance, debt protection administration, credit insurance, and warranties.
