News headlines about Assured Guaranty (NYSE:AGO) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Assured Guaranty earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.344326327032 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts recently issued reports on the company. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. UBS Group reiterated a “buy” rating and set a $47.00 price objective (down from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $47.00 price objective on shares of Assured Guaranty in a report on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.67.
Shares of Assured Guaranty (AGO) traded down $0.04 during trading hours on Tuesday, hitting $34.00. The company had a trading volume of 916,200 shares, compared to its average volume of 1,057,080. 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 twelve month low of $32.97 and a twelve month high of $45.73. The stock has a market capitalization of $3,990.00, a price-to-earnings ratio of 4.89 and a beta of 1.64.
Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $623.00 million during the quarter, compared to analyst estimates of $262.09 million. During the same period last year, the company earned $3.74 earnings per share. Assured Guaranty’s quarterly revenue was up 10.1% compared to the same quarter last year.
Assured Guaranty declared that its board has authorized a stock buyback plan on Thursday, November 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
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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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