Assurant (AIZ) Gets A Positive Buy Rating Of 4 STARs From S&P
Posted: Wednesday, September 01, 2010 8:51 AM EDT
By: Market Intelligence Center Staff
Assurant (NYSE: AIZ) closed yesterday at $36.56. So far the stock has hit a 52-week low of $27.97 and 52-week high of $38.35. Assurant stock has been showing support around 35.12 and resistance in the 37.34 range. Technical indicators for the stock are Neutral and S&P gives AIZ a positive 4 STAR (out of 5) buy rating. AIZ appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '10 35 covered call for a net debit in the $33.26 area. That is also the break even stock price for this trade. This covered call has a 108 day duration, provides 9.03% downside protection and a 5.23% assigned return rate for a 17.68% annualized return rate (comparison purposes only). Assurant has a current annual dividend yield of 1.74%. [WBA-Seven Summits Research]
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