Assurant stock trading at all-time high after investor day

Shares of financial and insurance company Assurant Inc. AIZ, +0.88% on Thursday rose 2.2% to an all-time high of $182.87 after the financial services company held an investor day. Truist analyst Mark Hughes on Friday hiked his price target to $220 a share from $210 and reiterated a buy rating on the stock. He also increased his 2022 earnings estimate to $12.65 a share from $12.35. “Management is looking for a mix of M&A and capital management to support EPS growth,” Hughes said.