Assured Guaranty (NYSE:AGO) will release its earnings data after the market closes on Thursday, November 8th.
Assured Guaranty (NYSE:AGO) last released its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). Assured Guaranty had a net margin of 37.52% and a return on equity of 7.02%. The firm had revenue of $221.00 million during the quarter, compared to the consensus estimate of $236.91 million. During the same quarter in the prior year, the company earned $1.16 EPS. Assured Guaranty’s quarterly revenue was down 28.2% on a year-over-year basis.
AGO opened at $39.98 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.56 and a quick ratio of 0.56. Assured Guaranty has a 12 month low of $32.97 and a 12 month high of $43.07. The firm has a market capitalization of $4.21 billion, a P/E ratio of 9.60 and a beta of 1.38.
A number of research firms recently commented on AGO. ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $48.00 price objective on shares of Assured Guaranty in a research report on Friday, August 3rd.
In other Assured Guaranty news, insider Russell B. Brewer II sold 29,362 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $42.36, for a total transaction of $1,243,774.32. Following the completion of the transaction, the insider now owns 188,952 shares in the company, valued at approximately $8,004,006.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert Bailenson sold 16,723 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $40.42, for a total value of $675,943.66. Following the transaction, the chief financial officer now owns 252,786 shares of the company’s stock, valued at approximately $10,217,610.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 380,734 shares of company stock valued at $15,571,121. Corporate insiders own 2.54% 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.
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