Keefe, Bruyette & Woods restated their outperform rating on shares of Assured Guaranty (NYSE:AGO) in a report issued on Wednesday, December 20th, MarketBeat Ratings reports. Keefe, Bruyette & Woods currently has a $47.00 price target on the financial services provider’s stock.
A number of other analysts have also issued reports on AGO. UBS Group reaffirmed a buy rating and issued a $47.00 price objective (down previously from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. MKM Partners reaffirmed a buy rating on shares of Assured Guaranty in a report on Thursday, October 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $48.25.
Assured Guaranty (AGO) traded up $0.42 during midday trading on Wednesday, reaching $34.04. 1,127,740 shares of the company traded hands, compared to its average volume of 1,072,733. Assured Guaranty has a 52-week low of $32.97 and a 52-week high of $45.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $3,990.00, a price-to-earnings ratio of 4.89 and a beta of 1.64.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.51. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $262.09 million. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.74 earnings per share.
Assured Guaranty announced that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its holdings in Assured Guaranty by 17.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 392,052 shares of the financial services provider’s stock worth $14,800,000 after buying an additional 58,705 shares during the period. AXA grew its stake in Assured Guaranty by 0.4% during the 3rd quarter. AXA now owns 474,265 shares of the financial services provider’s stock valued at $17,904,000 after acquiring an additional 1,700 shares in the last quarter. GSA Capital Partners LLP grew its stake in Assured Guaranty by 128.6% during the 3rd quarter. GSA Capital Partners LLP now owns 35,526 shares of the financial services provider’s stock valued at $1,341,000 after acquiring an additional 19,986 shares in the last quarter. California Public Employees Retirement System grew its stake in Assured Guaranty by 3.6% during the 3rd quarter. California Public Employees Retirement System now owns 532,102 shares of the financial services provider’s stock valued at $20,087,000 after acquiring an additional 18,410 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Assured Guaranty during the 3rd quarter valued at about $2,833,000. Hedge funds and other institutional investors own 95.84% of the company’s stock.
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Assured Guaranty Company Profile
Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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