Assured Guaranty (NYSE:AGO) Releases Earnings Results, Beats Expectations By $0.03 EPS

Assured Guaranty (NYSE:AGO) issued its quarterly earnings results on Thursday. The financial services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03, Briefing.com reports. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $212.55 million. Assured Guaranty had a return on equity of 7.24% and a net margin of 46.89%. Assured Guaranty’s revenue was down 25.1% on a year-over-year basis. During the same period last year, the business posted $1.47 earnings per share.

Shares of AGO traded down $0.37 on Friday, reaching $48.23. 870,830 shares of the company’s stock traded hands, compared to its average volume of 587,672. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.71 billion, a PE ratio of 10.51 and a beta of 1.02. The stock’s 50 day simple moving average is $45.94 and its two-hundred day simple moving average is $44.28. Assured Guaranty has a 52-week low of $36.13 and a 52-week high of $49.86.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, November 19th.

In other news, CIO Andrew T. Feldstein bought 12,238 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of $48.25 per share, with a total value of $590,483.50. Following the completion of the transaction, the executive now directly owns 280,241 shares of the company’s stock, valued at approximately $13,521,628.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CIO Andrew T. Feldstein bought 12,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average cost of $43.29 per share, with a total value of $519,480.00. Following the completion of the transaction, the executive now directly owns 12,000 shares of the company’s stock, valued at $519,480. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 185,611 shares of company stock valued at $8,557,931 and have sold 50,986 shares valued at $2,245,712. Company insiders own 2.81% of the company’s stock.

A number of analysts recently commented on the company. ValuEngine downgraded Assured Guaranty from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BTIG Research reaffirmed a “buy” rating and set a $52.00 price target on shares of Assured Guaranty in a research report on Sunday, August 11th. Finally, UBS Group increased their price target on Assured Guaranty from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, August 19th.

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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Earnings History for Assured Guaranty (NYSE:AGO)

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