Assured Guaranty (NYSE:AGO) Downgraded by ValuEngine

ValuEngine cut shares of Assured Guaranty (NYSE:AGO) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

Separately, MKM Partners increased their price target on shares of Assured Guaranty to $65.00 and gave the company a buy rating in a research report on Friday, May 10th.

AGO stock opened at $42.99 on Thursday. The firm has a 50 day simple moving average of $43.34. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.34 and a beta of 1.06. Assured Guaranty has a 12 month low of $36.13 and a 12 month high of $47.97. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.18.

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

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Assured Guaranty in the second quarter valued at approximately $32,000. Icon Wealth Partners LLC purchased a new position in shares of Assured Guaranty during the first quarter valued at approximately $53,000. Advisor Group Inc. lifted its stake in shares of Assured Guaranty by 30.6% during the fourth quarter. Advisor Group Inc. now owns 2,690 shares of the financial services provider’s stock valued at $103,000 after buying an additional 630 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Assured Guaranty during the first quarter valued at approximately $171,000. Finally, Signaturefd LLC lifted its stake in shares of Assured Guaranty by 13.3% during the second quarter. Signaturefd LLC now owns 5,989 shares of the financial services provider’s stock valued at $252,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

About Assured Guaranty

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.

Further Reading: What is a Fiduciary?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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