Assured Guaranty (NYSE:AGO - Get Free Report) posted its earnings results on Thursday. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.07), Zacks reports. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The firm had revenue of $199.00 million during the quarter, compared to analyst estimates of $199.56 million.
Assured Guaranty Stock Up 2.9 %
NYSE AGO traded up $2.58 during trading hours on Monday, hitting $89.91. The company's stock had a trading volume of 380,571 shares, compared to its average volume of 243,288. Assured Guaranty has a 52 week low of $72.57 and a 52 week high of $96.50. The company has a market capitalization of $4.58 billion, a PE ratio of 6.99 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The company's 50-day simple moving average is $91.05 and its two-hundred day simple moving average is $86.70.
Assured Guaranty Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Assured Guaranty's previous quarterly dividend of $0.31. Assured Guaranty's dividend payout ratio is 19.94%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. StockNews.com upgraded Assured Guaranty from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods increased their price target on Assured Guaranty from $92.00 to $105.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Finally, UBS Group increased their price target on Assured Guaranty from $87.00 to $95.00 and gave the company a "neutral" rating in a research note on Monday, November 18th.
Check Out Our Latest Report on AGO
About Assured Guaranty
(
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Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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