Assurant (AIZ) Stock Trades Near Fair Value After A 94% Run

Assurant has delivered a strong run over the last few years, and the stock’s sharp climb now puts the focus squarely on whether its earnings can support today’s share price. With Assurant trading around US$271.08 at the last close, the question is how comfortably that level lines up with what the business is actually earning. Over the past 3 years, Assurant has returned 94.1%, which raises the issue of how much of that move can be explained by the company’s earnings power rather than...