Assured Guaranty (NYSE:AGO) Issues Earnings Results, Beats Estimates By $1.00 EPS

by · The Markets Daily

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

Assured Guaranty Stock Performance

AGO stock opened at $91.43 on Wednesday. The company has a market cap of $4.81 billion, a P/E ratio of 7.43 and a beta of 1.10. Assured Guaranty has a 1 year low of $64.59 and a 1 year high of $96.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $82.20 and its 200-day moving average price is $79.41.

Assured Guaranty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.31 dividend. The ex-dividend date 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 (DPR) is currently 10.08%.

Insider Transactions at Assured Guaranty

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AGO shares. StockNews.com lowered Assured Guaranty from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. UBS Group increased their target price on Assured Guaranty from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th.

Read Our Latest Stock Report on Assured Guaranty

About Assured Guaranty

(Get Free Report)

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.

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