** Brokerage Truist Securities raises price target on insurer Assurant AIZ.N post results
** Truist raises PT to $240 from $220 and also raises full-year 2024 EPS estimate to $15 from an earlier $13.45, citing an upside in Q3 and lower assumed losses from Hurricane Milton
** Analysts predicted hurricane Milton could result in losses of up to $100 billion for the global insurance industry
** Assurant reported a better-than-expected third-quarter profit earlier in the week, driven by growth in its global housing segment and higher investment returns
** The brokerage also raises AIZ's 2025 EPS forecast to $18.80 from $18.20, citing "sustained momentum" seen in global housing along with global lifestyle's expected growth
** Five of 8 brokerages rate the stock "buy" or higher, and 3 "hold"; their median PT is $230 - LSEG
** AIZ's stock has gained over 22% so far in 2024 vs a 21.2% rise in the benchmark S&P 500 index .SPX
(Reporting by Pritam Biswas in Bengaluru)
((Pritam.Biswas@thomsonreuters.com))
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