BTIG Research Reaffirms “Buy” Rating for Assured Guaranty (NYSE:AGO)

BTIG Research reaffirmed their buy rating on shares of Assured Guaranty (NYSE:AGO) in a report issued on Sunday morning, AnalystRatings.com reports. The brokerage currently has a $52.00 price target on the financial services provider’s stock.

A number of other brokerages have also weighed in on AGO. MKM Partners upped their price target on shares of Assured Guaranty to $65.00 and gave the stock a buy rating in a research note on Friday, May 10th. ValuEngine lowered shares of Assured Guaranty from a hold rating to a sell rating in a research note on Thursday, August 1st.

Shares of NYSE:AGO opened at $45.13 on Friday. The stock has a 50 day moving average of $43.66. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 10.10 and a beta of 1.06. Assured Guaranty has a twelve month low of $36.13 and a twelve month high of $47.97. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.18.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.62. The company had revenue of $266.00 million during the quarter, compared to analyst estimates of $222.39 million. Assured Guaranty had a net margin of 46.89% and a return on equity of 7.27%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, August 20th.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Assured Guaranty by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,742,766 shares of the financial services provider’s stock valued at $143,273,000 after purchasing an additional 11,441 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Assured Guaranty by 23.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 2,618,852 shares of the financial services provider’s stock valued at $110,197,000 after purchasing an additional 498,139 shares during the last quarter. APG Asset Management N.V. lifted its stake in Assured Guaranty by 27.2% during the second quarter. APG Asset Management N.V. now owns 2,489,097 shares of the financial services provider’s stock valued at $91,975,000 after purchasing an additional 532,400 shares during the last quarter. Boston Partners lifted its stake in Assured Guaranty by 2.2% during the first quarter. Boston Partners now owns 1,977,638 shares of the financial services provider’s stock valued at $87,866,000 after purchasing an additional 42,776 shares during the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in Assured Guaranty by 6.0% during the first quarter. Thornburg Investment Management Inc. now owns 1,655,648 shares of the financial services provider’s stock valued at $73,560,000 after purchasing an additional 93,321 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Assured Guaranty Company Profile

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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