News stories about Assured Guaranty (NYSE:AGO) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Assured Guaranty earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.1154263091167 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Assured Guaranty (NYSE:AGO) traded down $0.65 during mid-day trading on Thursday, reaching $34.64. The company had a trading volume of 1,145,416 shares, compared to its average volume of 925,329. The stock has a market capitalization of $4,168.44, a PE ratio of 6.29 and a beta of 1.64. Assured Guaranty has a 12-month low of $34.60 and a 12-month high of $45.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.56 and a current ratio of 0.56.
Assured Guaranty (NYSE:AGO) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.51. Assured Guaranty had a return on equity of 10.59% and a net margin of 45.38%. The firm had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $262.09 million. During the same quarter in the previous year, the business earned $3.74 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were paid a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, November 14th. Assured Guaranty’s dividend payout ratio is currently 8.21%.
Assured Guaranty declared that its board has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Several equities analysts have recently issued reports on AGO shares. UBS reiterated a “buy” rating and issued a $47.00 price objective (down previously from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.00.
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Assured Guaranty Company Profile
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.
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