Assured Guaranty’s (AGO) Buy Rating Reiterated at BTIG Research

Assured Guaranty (NYSE:AGO)‘s stock had its “buy” rating restated by equities researchers at BTIG Research in a report released on Tuesday. They presently have a $50.00 target price on the financial services provider’s stock. BTIG Research’s target price would indicate a potential upside of 41.88% from the company’s current price.

AGO has been the subject of several other research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $47.00 price objective on shares of Assured Guaranty in a report on Wednesday, December 20th. ValuEngine downgraded Assured Guaranty from a “strong-buy” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.00.

Assured Guaranty (NYSE:AGO) traded down $0.14 during midday trading on Tuesday, hitting $35.24. The stock had a trading volume of 270,203 shares, compared to its average volume of 1,068,667. The firm has a market cap of $4,133.20, a P/E ratio of 5.09 and a beta of 1.43. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.19. Assured Guaranty has a 12 month low of $32.97 and a 12 month high of $45.73.

Assured Guaranty announced that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners increased its position in Assured Guaranty by 6.3% during the 4th quarter. Boston Partners now owns 1,406,876 shares of the financial services provider’s stock worth $47,651,000 after buying an additional 83,099 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Assured Guaranty during the 4th quarter worth $667,000. LSV Asset Management increased its position in Assured Guaranty by 4.2% during the 4th quarter. LSV Asset Management now owns 1,122,131 shares of the financial services provider’s stock worth $38,006,000 after buying an additional 45,700 shares during the period. Front Row Advisors LLC bought a new position in Assured Guaranty during the 4th quarter worth $954,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Assured Guaranty by 42.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,358 shares of the financial services provider’s stock worth $249,000 after buying an additional 2,208 shares during the period. Institutional investors and hedge funds own 96.47% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/02/06/assured-guarantys-ago-buy-rating-reiterated-at-btig-research.html.

About Assured Guaranty

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

Receive News & Ratings for Assured Guaranty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply