Assured Guaranty (NYSE:AGO) Announces Earnings Results

Assured Guaranty (NYSE:AGO) posted its quarterly earnings results on Monday. The financial services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $1.00, Briefing.com reports. The business had revenue of $269.00 million for the quarter, compared to analysts’ expectations of $202.57 million. Assured Guaranty had a return on equity of 13.19% and a net margin of 61.17%. The business’s quarterly revenue was down 33.3% on a year-over-year basis. During the same period last year, the firm earned $3.42 earnings per share.

Assured Guaranty Price Performance

NYSE:AGO opened at $91.43 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $4.81 billion, a P/E ratio of 7.43 and a beta of 1.10. Assured Guaranty has a 12 month low of $64.59 and a 12 month high of $96.60. The business’s 50-day moving average is $82.20 and its 200 day moving average is $79.41.

Assured Guaranty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.36%. Assured Guaranty’s dividend payout ratio is currently 10.08%.

Wall Street Analysts Forecast Growth

AGO has been the topic of a number of recent analyst reports. UBS Group raised their price target on Assured Guaranty from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com cut Assured Guaranty from a “hold” rating to a “sell” rating in a report on Friday, October 18th.

Insider Buying and Selling

In other Assured Guaranty news, Director Yukiko Omura sold 3,599 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $79.73, for a total transaction of $286,948.27. Following the sale, the director now directly owns 19,285 shares in the company, valued at $1,537,593.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Dominic Frederico sold 31,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the transaction, the chief executive officer now owns 1,380,119 shares of the company’s stock, valued at approximately $110,423,321.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Yukiko Omura sold 3,599 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $79.73, for a total value of $286,948.27. Following the transaction, the director now directly owns 19,285 shares in the company, valued at approximately $1,537,593.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

About Assured Guaranty

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