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Assurant initiated with an Equal Weight at Morgan Stanley
The Fly

Assurant initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of Assurant (AIZ) with an Equal Weight rating and $251 price target The firm says a supportive pricing and macro environment is likely to persist for 2025 and beyond for the excess and surplus market, providing a tailwind for property and casualty companies that can demonstrate underwriting discipline and pricing power. The analyst prefers Kinsale, Ryan Specialty, and Brown & Brown in the group. Morgan Stanley expects pricing to remain supportive of growth in the excess and surplus market.

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