Assured Guaranty (AGO) to Release Quarterly Earnings on Thursday

Assured Guaranty (NYSE:AGOGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, May 5th. Assured Guaranty has set its Q4 guidance at $3.88 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Assured Guaranty (NYSE:AGOGet Rating) last released its quarterly earnings results on Thursday, February 24th. The financial services provider reported $3.88 earnings per share for the quarter. The firm had revenue of $263.00 million for the quarter. Assured Guaranty had a net margin of 45.76% and a return on equity of 7.27%.

Assured Guaranty stock opened at $56.79 on Thursday. The stock has a market cap of $3.73 billion, a P/E ratio of 10.54 and a beta of 1.08. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. Assured Guaranty has a twelve month low of $44.34 and a twelve month high of $65.68. The company’s 50-day moving average price is $60.18 and its two-hundred day moving average price is $55.15.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Tuesday, March 8th. This is a positive change from Assured Guaranty’s previous quarterly dividend of $0.22. Assured Guaranty’s dividend payout ratio is presently 18.55%.

A number of research analysts have issued reports on AGO shares. UBS Group restated a “neutral” rating and set a $65.00 target price (up previously from $56.00) on shares of Assured Guaranty in a research report on Tuesday, April 5th. Keefe, Bruyette & Woods increased their target price on shares of Assured Guaranty from $62.00 to $67.00 in a research report on Sunday, March 13th. MKM Partners increased their target price on shares of Assured Guaranty from $70.00 to $80.00 in a research report on Wednesday, March 23rd. Finally, StockNews.com initiated coverage on shares of Assured Guaranty in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

In other Assured Guaranty news, Director G Lawrence Buhl sold 3,643 shares of the firm’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $64.96, for a total value of $236,649.28. Following the sale, the director now owns 44,761 shares in the company, valued at $2,907,674.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Donnarumma sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $60.80, for a total transaction of $1,520,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 124,060 shares of company stock worth $7,408,871 in the last quarter. 3.82% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Assured Guaranty by 12.3% during the fourth quarter. BlackRock Inc. now owns 9,049,844 shares of the financial services provider’s stock valued at $454,302,000 after acquiring an additional 993,042 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Assured Guaranty during the fourth quarter valued at $29,000. Stifel Financial Corp raised its stake in shares of Assured Guaranty by 3.0% during the fourth quarter. Stifel Financial Corp now owns 6,471 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 191 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Assured Guaranty by 57.7% during the fourth quarter. Squarepoint Ops LLC now owns 8,076 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 2,956 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Assured Guaranty by 12.0% during the third quarter. Royal Bank of Canada now owns 11,447 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 1,228 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Assured Guaranty Company Profile (Get Rating)

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

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Earnings History for Assured Guaranty (NYSE:AGO)

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