A number of other research firms have also weighed in on AGO. BidaskClub lowered shares of Assured Guaranty from a buy rating to a hold rating in a research report on Monday, July 31st. BTIG Research reiterated a buy rating and issued a $49.00 price target on shares of Assured Guaranty in a research report on Friday, July 14th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $42.00 price target on shares of Assured Guaranty in a research report on Tuesday, July 4th. Finally, UBS AG reiterated a buy rating and issued a $47.00 price target (down from $49.00) on shares of Assured Guaranty in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Assured Guaranty currently has an average rating of Buy and a consensus price target of $47.00.
Shares of Assured Guaranty (AGO) opened at 37.54 on Thursday. Assured Guaranty has a 1-year low of $28.11 and a 1-year high of $45.73. The stock has a market capitalization of $4.47 billion, a PE ratio of 4.22 and a beta of 1.65. The firm has a 50-day moving average of $40.92 and a 200 day moving average of $40.73.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.44. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $288.15 million. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The company’s revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts predict that Assured Guaranty will post $4.86 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in shares of Assured Guaranty by 16.0% in the second quarter. LSV Asset Management now owns 1,055,331 shares of the financial services provider’s stock worth $44,049,000 after buying an additional 145,300 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Assured Guaranty by 68.6% in the first quarter. Morgan Stanley now owns 1,201,928 shares of the financial services provider’s stock worth $44,605,000 after buying an additional 489,107 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Assured Guaranty by 11.2% in the second quarter. JPMorgan Chase & Co. now owns 1,120,165 shares of the financial services provider’s stock worth $46,755,000 after buying an additional 112,750 shares in the last quarter. FMR LLC lifted its holdings in shares of Assured Guaranty by 228.0% in the first quarter. FMR LLC now owns 390,593 shares of the financial services provider’s stock worth $14,495,000 after buying an additional 271,501 shares in the last quarter. Finally, KCG Holdings Inc. lifted its holdings in shares of Assured Guaranty by 123.7% in the first quarter. KCG Holdings Inc. now owns 43,742 shares of the financial services provider’s stock worth $1,623,000 after buying an additional 24,190 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.
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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