Assurant (AIZ) Appears On Investors Observer Hedged Dividend Income List With Positive 4 STARs S&P Rating
Posted: Friday, November 06, 2009 8:56 AM EDT
By: Market Intelligence Center Staff
Assurant (NYSE: AIZ) closed yesterday at $30.62. So far the stock has hit a 52-week low of $12.52 and 52-week high of $33.37. Assurant stock has been showing support around 29.79 and resistance in the 31.11 range. Technical indicators for the stock are Bearish 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 Jan '10 30 covered call (AIZ AF) for a net debit in the $28.62 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 6.53% downside protection and a 4.82% assigned return rate for a 24.79% annualized return rate (comparison purposes only). Assurant has a current annual dividend yield of 2.00%. [FBB-Seven Summits Research]
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