Assured Guaranty (AGO) Upgraded to “Hold” by ValuEngine

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ValuEngine upgraded shares of Assured Guaranty (NYSE:AGO) from a sell rating to a hold rating in a report published on Tuesday morning.

Separately, Keefe, Bruyette & Woods reiterated a buy rating and set a $48.00 price target on shares of Assured Guaranty in a research report on Friday, August 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $48.67.

Shares of AGO opened at $41.10 on Tuesday. The stock has a market cap of $4.46 billion, a PE ratio of 10.16 and a beta of 1.34. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.19. Assured Guaranty has a 12-month low of $32.97 and a 12-month high of $42.87.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The business had revenue of $221.00 million for the quarter, compared to the consensus estimate of $236.91 million. Assured Guaranty had a net margin of 37.52% and a return on equity of 7.02%. The business’s revenue was down 28.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.56%.

In related news, Director Patrick W. Kenny sold 4,300 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $41.21, for a total transaction of $177,203.00. Following the transaction, the director now directly owns 59,468 shares of the company’s stock, valued at approximately $2,450,676.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dominic Frederico sold 212,055 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $40.82, for a total value of $8,656,085.10. Following the transaction, the chief executive officer now directly owns 1,180,680 shares in the company, valued at $48,195,357.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 348,010 shares of company stock valued at $14,155,112. Corporate insiders own 2.62% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC purchased a new position in shares of Assured Guaranty during the 1st quarter valued at about $124,000. Trilogy Capital Inc. purchased a new position in shares of Assured Guaranty during the 2nd quarter valued at about $200,000. Quantum Capital Management purchased a new position in shares of Assured Guaranty during the 1st quarter valued at about $212,000. Aviance Capital Partners LLC purchased a new position in shares of Assured Guaranty during the 2nd quarter valued at about $220,000. Finally, Point View Wealth Management Inc. purchased a new position in shares of Assured Guaranty during the 1st quarter valued at about $231,000. 95.96% of the stock is currently 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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