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Tuesday, July 12, 2011

Potentially Oversold Level Reached (NYSE: AIZ)

Shares of AIZ fell by 0.14% or $-0.05/share to $35.13. Assurant Inc. is trading at a price to book ratio of 0.73. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.73 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.4. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 864624 shares of AIZ exchange hands on a given day and today's volume is recorded at 360980. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Assurant, Inc. (Assurant) is a provider of specialized insurance products and related services in North America and select international markets.