Assured Guaranty (AGO) Earns Buy Rating from BTIG Research

Assured Guaranty (NYSE:AGO)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a note issued to investors on Wednesday. They currently have a $51.00 target price on the financial services provider’s stock. BTIG Research’s target price suggests a potential upside of 38.47% from the company’s current price.

The analysts wrote, “Buyback Machine” and “Inexpensive Value Creator” We anticipate that shares of Assured Guaranty (AGO) will be weaker this morning after a hedge fund manager laid out a bearish thesis on the stock at an investment conference yesterday after the market close. If such turns out to be the case, we believe this would represent an attractive opportunity to buy AGO shares at an even more attractive price when none of the notions underlying the argument in favor of the shorting the stock are new, and most are easily refuted through a quick review of the facts on the ground.””

Separately, ValuEngine downgraded shares of Assured Guaranty from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Assured Guaranty currently has a consensus rating of “Buy” and a consensus price target of $48.33.

Shares of AGO stock opened at $36.83 on Wednesday. Assured Guaranty has a 12-month low of $32.97 and a 12-month high of $45.73. The stock has a market cap of $4,141.95, a P/E ratio of 6.70 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.19.

Assured Guaranty (NYSE:AGO) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.06. Assured Guaranty had a net margin of 41.98% and a return on equity of 9.76%. The company had revenue of $283.00 million during the quarter, compared to the consensus estimate of $273.89 million. During the same period in the previous year, the firm posted $1.05 earnings per share.

Several hedge funds and other institutional investors have recently made changes to their positions in AGO. Parametric Portfolio Associates LLC raised its stake in shares of Assured Guaranty by 17.6% in the third quarter. Parametric Portfolio Associates LLC now owns 392,052 shares of the financial services provider’s stock worth $14,800,000 after acquiring an additional 58,705 shares during the last quarter. Searle & CO. grew its position in shares of Assured Guaranty by 43.9% during the 4th quarter. Searle & CO. now owns 55,850 shares of the financial services provider’s stock worth $1,892,000 after buying an additional 17,050 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Assured Guaranty by 26.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 797,008 shares of the financial services provider’s stock worth $26,995,000 after buying an additional 164,215 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Assured Guaranty during the 4th quarter worth approximately $469,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Assured Guaranty during the 4th quarter worth approximately $237,000. 97.75% of the stock is owned by institutional investors.

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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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