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Understanding the Risks of Investing in Assurant Inc (AIZ)

In a filing, Assurant Inc revealed its EVP, Pres. Global Housing Campbell Michael P. unloaded Company’s shares for reported $1.66 million on May 21 ’24. In the deal valued at $171.37 per share,9,696 shares were sold. As a result of this transaction, Campbell Michael P. now holds 14,890 shares worth roughly $2.52 million.

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Then, Campbell Michael P. sold 1,304 shares, generating $226,048 in total proceeds. Upon selling the shares at $173.35, the EVP, Pres. Global Housing now owns 24,586 shares.

Before that, DiRienzo Dimitry sold 2,084 shares. Assurant Inc shares valued at $365,304 were divested by the SVP, CAO, Controller at a price of $175.29 per share. As a result of the transaction, DiRienzo Dimitry now holds 3,702 shares, worth roughly $0.63 million.

Keefe Bruyette downgraded its Assurant Inc [AIZ] rating to a Mkt perform from a an Outperform in a research note published on February 12, 2024; the price target was increased to $182 from $170. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Keefe Bruyette also remained covering AIZ and has increased its forecast on March 21, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Keefe Bruyette revised its rating on November 03, 2022. It rated AIZ as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of AIZ

On Friday, Assurant Inc [NYSE:AIZ] saw its stock jump 1.37% to $168.99. Over the last five days, the stock has lost -3.76%. Assurant Inc shares have risen nearly 0.30% since the year began. Nevertheless, the stocks have risen 34.11% over the past one year. While a 52-week high of $189.48 was reached on 03/28/24, a 52-week low of $118.45 was recorded on 01/11/24. SMA at 50 days reached $177.02, while 200 days put it at $163.75. A total of 0.35 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For AIZ Stock

The 24-hour chart illustrates a support level at 167.55, which if violated will result in even more drops to 166.10. On the upside, there is a resistance level at 169.73. A further resistance level may holdings at 170.46. The Relative Strength Index (RSI) on the 14-day chart is 37.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.29%. Stochastics %K at 7.84% indicates the stock is a buying.

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