UBS Group Increases Assured Guaranty (NYSE:AGO) Price Target to $50.00

Assured Guaranty (NYSE:AGO) had its price objective lifted by UBS Group from $47.00 to $50.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the financial services provider’s stock.

AGO has been the topic of a number of other research reports. ValuEngine downgraded Assured Guaranty from a hold rating to a sell rating in a research note on Thursday, August 1st. MKM Partners upped their price target on shares of Assured Guaranty to $65.00 and gave the company a buy rating in a report on Friday, May 10th. Finally, BTIG Research reiterated a buy rating and set a $52.00 price target on shares of Assured Guaranty in a report on Sunday, August 11th.

NYSE:AGO opened at $43.98 on Monday. The stock’s 50 day moving average price is $44.01 and its 200 day moving average price is $43.68. The company has a market capitalization of $4.39 billion, a PE ratio of 9.79 and a beta of 1.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18. Assured Guaranty has a 52-week low of $36.13 and a 52-week high of $47.97.

Assured Guaranty (NYSE:AGO) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.62. The firm had revenue of $266.00 million for the quarter, compared to the consensus estimate of $222.39 million. Assured Guaranty had a return on equity of 7.24% and a net margin of 46.89%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be paid a $0.18 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $0.72 annualized dividend and a dividend yield of 1.64%.

Several institutional investors have recently modified their holdings of the stock. Putnam Investments LLC increased its stake in shares of Assured Guaranty by 2.1% in the 2nd quarter. Putnam Investments LLC now owns 7,234,924 shares of the financial services provider’s stock worth $304,446,000 after acquiring an additional 148,255 shares in the last quarter. AQR Capital Management LLC grew its position in Assured Guaranty by 9.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,766,918 shares of the financial services provider’s stock valued at $158,173,000 after purchasing an additional 321,954 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Assured Guaranty by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,742,766 shares of the financial services provider’s stock valued at $143,273,000 after purchasing an additional 11,441 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Assured Guaranty by 23.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,618,852 shares of the financial services provider’s stock valued at $110,197,000 after purchasing an additional 498,139 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in Assured Guaranty by 27.2% during the 2nd quarter. APG Asset Management N.V. now owns 2,489,097 shares of the financial services provider’s stock valued at $91,975,000 after purchasing an additional 532,400 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

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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