Assurant Acquires RL Circular Operations to Enhance Service Capabilities in Australia and New Zealand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Strategic Acquisition: Assurant's acquisition of RL Circular Operations and its subsidiaries strengthens its post-purchase service capabilities in Australia and New Zealand, aiming to leverage AI technologies to drive sustainable practices and enhance customer trust and asset monetization.
- Market Expansion: This acquisition enables Assurant to optimize device lifecycle management while reducing reliance on third-party logistics, thereby enhancing its competitive position in the retail channel, particularly in priority APAC markets.
- Enhanced Innovation Capacity: By integrating RL Circular Operations' expertise, Assurant will be able to deliver more efficient post-sales services, addressing growing consumer expectations for seamless returns and sustainable product lifecycle solutions.
- Setting Industry Standards: The combination of Assurant's global capabilities and RL's local expertise is expected to drive service innovation across Australia and New Zealand, helping retailers and manufacturers achieve sustainability goals and elevate overall operational excellence.
Analyst Views on AIZ
Wall Street analysts forecast AIZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIZ is 253.00 USD with a low forecast of 246.00 USD and a high forecast of 265.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 237.450
Low
246.00
Averages
253.00
High
265.00
Current: 237.450
Low
246.00
Averages
253.00
High
265.00
About AIZ
Assurant, Inc. is a global protection company that partners with various brands to safeguard and service connected devices, homes and automobiles. It utilizes data-driven technology solutions to provide customer experiences. It operates in North America, Latin America, Europe and Asia Pacific through two operating segments: Global Lifestyle and Global Housing. Global Lifestyle segment provides mobile device solutions, extended service contracts and related services for consumer electronics and appliances and credit and other insurance products (referred to as Connected Living), and vehicle protection services, commercial equipment services and other related services (referred to as Global Automotive). Global Housing segment provides lender-placed homeowners, manufactured housing and flood insurance, as well as voluntary manufactured housing, condominium and homeowners insurance (referred to as Homeowners), and renters insurance and other products (referred to as Renters and Other).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
