Insurance Technology Industry News

TMCNet:  Upgrade Alert for Assurant (AIZ)

[January 18, 2013]

Upgrade Alert for Assurant (AIZ)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Assurant (NYSE:AIZ) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $37.18 on volume of 1.4 million shares, above average daily volume of 738,000. Assurant has overhead space with shares priced $37.18, or 1.3% below the average consensus analyst price target of $37.67. Assurant shares have support at the 200-day moving average (MA) of $36.19 and additional support at the 50-day MA of $35.22.

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.

Assurant share prices have moved between a 52-week high of $44.54 and a 52-week low of $32.41 and closed yesterday at 15% above that low price at $37.18 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Assurant. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Assurant in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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