Assured Guaranty Ltd. (NYSE:AGO) to Post Q3 2024 Earnings of $1.42 Per Share, Roth Capital Forecasts

Assured Guaranty Ltd. (NYSE:AGO) – Investment analysts at Roth Capital lowered their Q3 2024 EPS estimates for shares of Assured Guaranty in a research note issued on Thursday, August 8th. Roth Capital analyst H. Fong now expects that the financial services provider will post earnings of $1.42 per share for the quarter, down from their prior forecast of $1.52. The consensus estimate for Assured Guaranty’s current full-year earnings is $6.45 per share. Roth Capital also issued estimates for Assured Guaranty’s Q4 2024 earnings at $1.48 EPS, Q2 2025 earnings at $1.67 EPS, Q4 2025 earnings at $1.83 EPS and FY2025 earnings at $6.75 EPS.

AGO has been the subject of several other research reports. UBS Group dropped their target price on shares of Assured Guaranty from $102.00 to $84.00 and set a “neutral” rating for the company in a report on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $110.00 target price on shares of Assured Guaranty in a report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods raised shares of Assured Guaranty from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $87.00 to $92.00 in a report on Tuesday, July 9th.

Assured Guaranty Trading Down 0.6 %

Shares of Assured Guaranty stock opened at $74.00 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of 5.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day moving average of $78.35 and a 200 day moving average of $81.27. Assured Guaranty has a fifty-two week low of $56.77 and a fifty-two week high of $96.60.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $202.00 million during the quarter, compared to the consensus estimate of $193.05 million. Assured Guaranty had a net margin of 57.45% and a return on equity of 12.48%. The company’s revenue for the quarter was down 43.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS.

Assured Guaranty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 21st. Assured Guaranty’s payout ratio is currently 9.58%.

Insiders Place Their Bets

In other Assured Guaranty news, CEO Dominic Frederico sold 40,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $78.12, for a total value of $3,124,800.00. Following the sale, the chief executive officer now owns 1,410,824 shares in the company, valued at approximately $110,213,570.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Andrew Hill Investment Advisors Inc. bought a new position in shares of Assured Guaranty in the 4th quarter valued at about $1,141,000. BNP Paribas Financial Markets lifted its holdings in shares of Assured Guaranty by 1,990.0% in the 1st quarter. BNP Paribas Financial Markets now owns 60,839 shares of the financial services provider’s stock valued at $5,308,000 after acquiring an additional 57,928 shares during the last quarter. Wealthstar Advisors LLC lifted its holdings in shares of Assured Guaranty by 279.2% in the 1st quarter. Wealthstar Advisors LLC now owns 15,426 shares of the financial services provider’s stock valued at $1,346,000 after acquiring an additional 11,358 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Assured Guaranty by 42.7% in the 1st quarter. Quadrature Capital Ltd now owns 24,136 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 7,222 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Assured Guaranty during the first quarter valued at $885,000. Institutional investors own 92.22% of the company’s stock.

About Assured Guaranty

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.