Shares of Assured Guaranty Ltd. (NYSE:AGO – Get Free Report) have earned an average rating of “Moderate Buy” from the four brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $91.00.
A number of equities research analysts have recently commented on AGO shares. Weiss Ratings lowered Assured Guaranty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 9th. UBS Group set a $91.00 target price on Assured Guaranty in a research note on Monday, September 14th. Keefe, Bruyette & Woods lowered their target price on Assured Guaranty from $101.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Roth Capital raised shares of Assured Guaranty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $85.00 in a research note on Friday, September 25th.
View Our Latest Analysis on AGO
Insiders Place Their Bets
Institutional Trading of Assured Guaranty
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Assured Guaranty during the second quarter valued at approximately $463,926,000. River Road Asset Management LLC increased its position in shares of Assured Guaranty by 2.3% during the 4th quarter. River Road Asset Management LLC now owns 1,885,863 shares of the financial services provider’s stock worth $169,483,000 after purchasing an additional 42,311 shares during the last quarter. Norges Bank bought a new stake in shares of Assured Guaranty during the 4th quarter worth approximately $51,538,000. Quantinno Capital Management LP raised its stake in shares of Assured Guaranty by 32.9% during the 1st quarter. Quantinno Capital Management LP now owns 499,347 shares of the financial services provider’s stock worth $40,687,000 after purchasing an additional 123,672 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Assured Guaranty in the 2nd quarter valued at approximately $30,108,000. 92.22% of the stock is currently owned by institutional investors.
Assured Guaranty Stock Down 1.1%
Shares of NYSE AGO opened at $69.91 on Monday. Assured Guaranty has a 52-week low of $67.24 and a 52-week high of $92.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $3.07 billion, a P/E ratio of 9.32 and a beta of 0.73. The firm has a 50 day moving average price of $73.57 and a 200 day moving average price of $77.91.
Assured Guaranty (NYSE:AGO – Get Free Report) last posted its earnings results on Tuesday, June 30th. The financial services provider reported $1.23 earnings per share for the quarter. The company had revenue of $195.00 million for the quarter. Assured Guaranty had a net margin of 37.34% and a return on equity of 7.11%. Analysts expect that Assured Guaranty will post 6.91 EPS for the current year.
Assured Guaranty Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 20th. Assured Guaranty’s payout ratio is currently 20.27%.
About Assured Guaranty
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company that provides financial guarantees and related insurance services through its subsidiaries. The company helps protect investors and lenders from losses arising from defaults on debt obligations, with a primary focus on public finance and structured finance markets.
Its public finance business provides guarantees for municipal bonds and other obligations issued to fund essential infrastructure and public services, including transportation, utilities, healthcare and education.
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