Assured Guaranty (NYSE:AGO) Research Coverage Started at BTIG Research

BTIG Research assumed coverage on shares of Assured Guaranty (NYSE:AGO) in a report published on Friday morning, TipRanks reports. The brokerage issued a buy rating and a $52.00 price target on the financial services provider’s stock.

AGO has been the topic of a number of other reports. ValuEngine lowered Assured Guaranty from a hold rating to a sell rating in a report on Thursday, August 1st. MKM Partners raised their price target on Assured Guaranty to $65.00 and gave the company a buy rating in a report on Friday, May 10th.

Shares of AGO traded up $1.05 during trading hours on Friday, reaching $42.96. 464,348 shares of the company’s stock traded hands, compared to its average volume of 465,588. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 11.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.51 and a quick ratio of 0.51. Assured Guaranty has a twelve month low of $36.13 and a twelve month high of $47.97. The stock has a fifty day simple moving average of $43.34.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Assured Guaranty during the second quarter valued at $32,000. Icon Wealth Partners LLC acquired a new position in shares of Assured Guaranty during the first quarter valued at $53,000. Advisor Group Inc. increased its holdings 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 purchasing an additional 630 shares during the period. Contravisory Investment Management Inc. bought a new position in Assured Guaranty during the first quarter valued at about $171,000. Finally, Signaturefd LLC boosted its stake in 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 in the last quarter. 96.73% of the stock is currently owned by institutional investors.

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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