UBS Group Boosts Assured Guaranty (NYSE:AGO) Price Target to $87.00

Assured Guaranty (NYSE:AGO) had its price target increased by equities researchers at UBS Group from $84.00 to $87.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price points to a potential upside of 0.22% from the company’s previous close.

Several other research firms also recently commented on AGO. Keefe, Bruyette & Woods upgraded shares of Assured Guaranty from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $87.00 to $92.00 in a research report on Tuesday, July 9th. StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Roth Mkm reiterated a “buy” rating and set a $110.00 target price on shares of Assured Guaranty in a research report on Tuesday, July 9th.

Assured Guaranty Trading Down 0.9 %

Shares of Assured Guaranty stock opened at $86.81 on Thursday. The firm has a market capitalization of $4.73 billion, a PE ratio of 6.70 and a beta of 1.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $79.74 and its 200 day moving average is $78.90. Assured Guaranty has a 1 year low of $59.01 and a 1 year high of $96.60.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.05. The company had revenue of $202.00 million for the quarter, compared to analyst estimates of $193.05 million. Assured Guaranty had a net margin of 61.17% and a return on equity of 13.19%. The firm’s revenue was down 43.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Equities research analysts forecast that Assured Guaranty will post 6.3 earnings per share for the current fiscal year.

Insider Transactions at Assured Guaranty

In other news, CEO Dominic Frederico sold 31,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total value of $2,480,310.00. Following the transaction, the chief executive officer now owns 1,380,119 shares in the company, valued at approximately $110,423,321.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Yukiko Omura sold 3,599 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $79.73, for a total value of $286,948.27. Following the transaction, the director now owns 19,285 shares in the company, valued at approximately $1,537,593.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dominic Frederico sold 31,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the transaction, the chief executive officer now owns 1,380,119 shares in the company, valued at $110,423,321.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Reinhart Partners LLC. lifted its position in shares of Assured Guaranty by 7.8% during the 3rd quarter. Reinhart Partners LLC. now owns 977,758 shares of the financial services provider’s stock valued at $77,751,000 after acquiring an additional 71,114 shares during the period. American Century Companies Inc. lifted its position in shares of Assured Guaranty by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 678,182 shares of the financial services provider’s stock valued at $52,322,000 after acquiring an additional 184,621 shares during the period. AQR Capital Management LLC lifted its position in shares of Assured Guaranty by 82.6% during the 2nd quarter. AQR Capital Management LLC now owns 662,354 shares of the financial services provider’s stock valued at $51,101,000 after acquiring an additional 299,658 shares during the period. LRI Investments LLC acquired a new position in shares of Assured Guaranty during the 1st quarter valued at $25,554,000. Finally, Victory Capital Management Inc. lifted its position in shares of Assured Guaranty by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 285,191 shares of the financial services provider’s stock valued at $22,002,000 after acquiring an additional 6,316 shares during the period. Institutional investors and hedge funds own 92.22% of the company’s stock.

About Assured Guaranty

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.