1 Under-the-Radar Value Stock That's Been Beating the Market for Years
The world is undergoing massive digital transformations on a global scale and smart devices aren't limited to cellphones anymore. Nowadays, you can find smart TVs, refrigerators, and vehicles as the Internet of Things (IoT) connects more devices than ever before.
According to a study by market research firm Facts and Factors, the global IoT market is expected to grow at a compound annual rate of 24.5% through 2028. This IoT market is where insurance specialist Assurant (NYSE: AIZ) sees an opportunity. The company has carved out a profitable niche by offering insurance for the digital economy and the growth it's seeing is has investors excited, which is generating market-crushing returns.
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Source Fool.com
