Assurant, Inc. (AIZ)
Focuses on building & maintaining a portfolio of insurance businesses, leveraging a set of core capabilities, identifying & adapting to evolving market needs & centralizing certain key functions in the Corporate segment to achieve economies of scale.
Recs
Rest Assured, it's a winner.
Recs
Seems stable, good P/E, cash, and debt, should recover 50% or so in the coming year or two.
Recs
Dominant position in niche market and history of performance.
Recs
This account tracks the performance of newly minted 4 star stocks - 3 star stocks that recently turned in to 4 star stocks.
Recs
Niche field.
Recs
Long-tenured management, undervalued, and shareholder-friendly. I love the fact that they have their fingers in several pies - and pies (niche markets) that other people regard as too messy to deal with, to boot. That means that although they face the same risks as any insurer - having to pay out huge sums if a catastrophe strikes - those risks are diversified, so they can continue to generate cash in some areas even while potentially losing in others.
Recs
well run niche player in battered area
Recs
SA pick to watch
Recs
HT Captain5Bagger
Recs
Assurant has produced very strong and stable underwriting profits and has a conservative, fixed-income portfolio of investments. Combined, these two growth engines have produced returns on equity of over 15%. In the past, the market has rewarded this growth with a multiple to book of about 1.75x. Today, shares closed just shy of $32 per share, while book value as of last quarter was $37 per share. If Assurant were priced at their historical 1.75x book, they would be valued at about $65 per share. A double from here.
Recs
cant remember why
Recs
Baloney.
www.sec.gov/comments/s7-08-09/s70809-3984.pdf
Recs
Lots of cash and a good P/E
Recs
Wish I got to it earlier. May take a few lumps in the meantime if the bears have their way. But should be solid longterm
Recs
Featured in USA Today as a bargain stock, good company.
Recs
Market price is at a large discount to analyst estimates
Recs
Those who are hoping for a recovery will be disappointed. Sell early sell often
Recs
More STIMULUS? More financials downside.
Recs
Specialty insurance play getting crushed by natural disasters - hurricanes- and Wall Street disasters - impaired investments. Survivor with almost $500 million net cash should base soon around $25; technically about 10% oversold in the very near term
Recs
Assurant is, I believe, one of the best-run insurance companies in the country. Management focuses on niches where it can enjoy sustainable competitive advantages and pricing power (consumer warranties, healthcare for small businesses, etc.). Assurant is conservatively capitalized, and is actually on track to grow book value this year despite some investment losses. Book value will likely end 2008 around $34 to $35 per share. The stock, recently $40, is barely above that, even though historically it enjoys a multiple of about 1.75 times book value. Once the financial panic subsides, Assurant should still be standing strong, and the shares should recover.

RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 20 of 30 1 2 Next »