Assured Guaranty Sees Unusually High Options Volume (NYSE:AGO)

Assured Guaranty Ltd. (NYSE:AGO) saw unusually large options trading on Wednesday. Stock traders acquired 4,130 call options on the company. This is an increase of approximately 2,120% compared to the average volume of 186 call options.

Separately, MKM Partners upped their price target on Assured Guaranty to $65.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

Shares of Assured Guaranty stock opened at $44.14 on Friday. Assured Guaranty has a 52 week low of $35.99 and a 52 week high of $47.97. The company has a fifty day simple moving average of $42.34. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 11.33 and a beta of 1.08. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.18.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Assured Guaranty had a return on equity of 6.25% and a net margin of 41.81%. The business had revenue of $234.00 million for the quarter, compared to analyst estimates of $228.29 million. During the same quarter in the prior year, the company posted $1.33 EPS. The company’s quarterly revenue was down 20.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, May 21st.

Several institutional investors have recently made changes to their positions in AGO. Captrust Financial Advisors lifted its stake in shares of Assured Guaranty by 164.1% in the 4th quarter. Captrust Financial Advisors now owns 1,141 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 709 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Assured Guaranty during the 1st quarter worth about $53,000. Global Retirement Partners LLC lifted its stake in Assured Guaranty by 17.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,692 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 253 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Assured Guaranty during the 4th quarter worth about $77,000. Finally, Advisor Group Inc. lifted its stake in Assured Guaranty by 30.6% during the 4th quarter. Advisor Group Inc. now owns 2,690 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 630 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

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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