Assured Guaranty Ltd. Declares Quarterly Dividend of $0.18 (NYSE:AGO)

Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.18 per share by the financial services provider on Wednesday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, November 19th.

Shares of AGO stock opened at $48.60 on Friday. The stock has a 50-day moving average of $45.87 and a 200-day moving average of $44.27. Assured Guaranty has a 1-year low of $36.13 and a 1-year high of $48.64. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 10.51 and a beta of 1.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18.

Assured Guaranty (NYSE:AGO) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. Assured Guaranty had a return on equity of 7.24% and a net margin of 46.89%. The business had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $212.55 million. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’s revenue was down 25.1% on a year-over-year basis.

In other Assured Guaranty news, CIO Andrew T. Feldstein purchased 12,238 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of $48.25 per share, for a total transaction of $590,483.50. Following the completion of the acquisition, the executive now owns 280,241 shares of the company’s stock, valued at approximately $13,521,628.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CIO Andrew T. Feldstein purchased 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of $43.29 per share, for a total transaction of $519,480.00. Following the completion of the acquisition, the executive now directly owns 12,000 shares of the company’s stock, valued at approximately $519,480. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 185,611 shares of company stock worth $8,557,931 and have sold 50,986 shares worth $2,245,712. Company insiders own 2.81% of the company’s stock.

AGO has been the subject of several recent analyst reports. ValuEngine cut Assured Guaranty from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BTIG Research reissued a “buy” rating and issued a $52.00 price objective on shares of Assured Guaranty in a research note on Sunday, August 11th. Finally, UBS Group raised their target price on Assured Guaranty from $47.00 to $50.00 and gave the company a “buy” rating in a report on Monday, August 19th.

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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Dividend History for Assured Guaranty (NYSE:AGO)

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