Favorable News Coverage Somewhat Unlikely to Impact Assured Guaranty (AGO) Share Price
News articles about Assured Guaranty (NYSE:AGO) have been trending positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Assured Guaranty earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.0405358818859 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Assured Guaranty (NYSE:AGO) traded up $0.08 during trading hours on Friday, reaching $36.35. 248,701 shares of the company traded hands, compared to its average volume of 929,390. Assured Guaranty has a 12-month low of $35.18 and a 12-month high of $45.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $4,280.00, a price-to-earnings ratio of 6.43 and a beta of 1.66.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.51. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $262.09 million. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. Assured Guaranty’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.74 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a $0.142 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.57 dividend on an annualized basis and a yield of 1.56%. Assured Guaranty’s dividend payout ratio is presently 8.19%.
Assured Guaranty declared that its board has approved 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
AGO has been the topic of several research analyst reports. BidaskClub lowered shares of Assured Guaranty from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG reiterated a “buy” rating and set a $47.00 price target (down from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. Finally, MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research note on Thursday, October 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Assured Guaranty has a consensus 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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