Assured Guaranty Ltd. (NYSE:AGO – Get Free Report) COO Robert Bailenson sold 50,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $78.62, for a total value of $3,931,000.00. Following the transaction, the chief operating officer directly owned 256,251 shares of the company’s stock, valued at approximately $20,146,453.62. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Assured Guaranty Price Performance
Shares of NYSE AGO traded down $1.91 during trading on Tuesday, hitting $77.01. The company had a trading volume of 783,338 shares, compared to its average volume of 332,235. The company has a market cap of $3.45 billion, a P/E ratio of 8.84 and a beta of 0.81. Assured Guaranty Ltd. has a 52 week low of $74.18 and a 52 week high of $92.39. The business’s 50-day moving average is $82.79 and its 200 day moving average is $85.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.70.
Assured Guaranty (NYSE:AGO – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $1.00. The company had revenue of $261.00 million for the quarter, compared to analysts’ expectations of $208.63 million. Assured Guaranty had a return on equity of 6.98% and a net margin of 40.45%.The firm’s revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.18 earnings per share. Equities research analysts predict that Assured Guaranty Ltd. will post 6.85 earnings per share for the current fiscal year.
Assured Guaranty Dividend Announcement
Analysts Set New Price Targets
Several research analysts have issued reports on AGO shares. Wall Street Zen raised Assured Guaranty from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Keefe, Bruyette & Woods dropped their price target on Assured Guaranty from $108.00 to $103.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Roth Mkm cut Assured Guaranty from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a report on Friday. Finally, Weiss Ratings raised Assured Guaranty from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.33.
Read Our Latest Analysis on Assured Guaranty
Institutional Trading of Assured Guaranty
Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Assured Guaranty by 633.9% during the 4th quarter. Global Retirement Partners LLC now owns 455 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 393 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in Assured Guaranty during the 4th quarter valued at about $45,000. Quarry LP purchased a new position in Assured Guaranty during the 3rd quarter valued at about $44,000. Bayforest Capital Ltd acquired a new position in shares of Assured Guaranty in the 3rd quarter valued at about $47,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Assured Guaranty by 1,080.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 732 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 670 shares during the period. 92.22% of the stock is owned by institutional investors and hedge funds.
Assured Guaranty Company Profile
Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company’s primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events.
In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects.
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