Shares of Assured Guaranty Ltd. (NYSE:AGO) have received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $48.00.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Assured Guaranty from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of Assured Guaranty in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $47.00 price objective on shares of Assured Guaranty in a report on Wednesday, December 20th.
A number of institutional investors and hedge funds have recently made changes to their positions in AGO. Prudential Financial Inc. lifted its holdings in Assured Guaranty by 123.9% during the 3rd quarter. Prudential Financial Inc. now owns 129,323 shares of the financial services provider’s stock valued at $4,881,000 after buying an additional 71,560 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Assured Guaranty by 22.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,490 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 2,797 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Assured Guaranty by 68,682.4% in the 3rd quarter. Quantbot Technologies LP now owns 11,693 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 11,676 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Assured Guaranty by 37.2% in the 3rd quarter. Macquarie Group Ltd. now owns 47,200 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 12,800 shares in the last quarter. Finally, Cipher Capital LP raised its holdings in shares of Assured Guaranty by 266.4% in the 3rd quarter. Cipher Capital LP now owns 21,106 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 15,345 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.
Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Assured Guaranty had a net margin of 41.98% and a return on equity of 9.76%. The company had revenue of $283.00 million during the quarter, compared to analyst estimates of $273.89 million. During the same quarter last year, the business posted $1.05 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a dividend of $0.16 per share. This is a positive change from Assured Guaranty’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.83%. Assured Guaranty’s dividend payout ratio (DPR) is presently 10.87%.
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Assured Guaranty Company Profile
Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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