Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend on Wednesday, August 2nd, Zacks reports. Stockholders of record on Wednesday, August 16th will be paid a dividend of 0.142 per share by the financial services provider on Wednesday, August 30th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, August 14th.
Assured Guaranty has increased its dividend by an average of 9.1% annually over the last three years and has raised its dividend annually for the last 5 consecutive years.
Shares of Assured Guaranty (NYSE:AGO) opened at 42.67 on Friday. The stock has a 50 day moving average of $44.01 and a 200-day moving average of $40.66. The company has a market capitalization of $5.08 billion, a PE ratio of 4.80 and a beta of 1.68. Assured Guaranty has a one year low of $26.37 and a one year high of $45.73.
Assured Guaranty (NYSE:AGO) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.44. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The company had revenue of $308 million for the quarter, compared to analyst estimates of $288.15 million. During the same period last year, the firm earned $1.03 earnings per share. The firm’s revenue was down 22.2% on a year-over-year basis. On average, equities analysts forecast that Assured Guaranty will post $4.89 earnings per share for the current fiscal year.
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Several brokerages have commented on AGO. BidaskClub lowered shares of Assured Guaranty from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Assured Guaranty in a research report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Assured Guaranty in a research report on Tuesday, July 4th. Finally, UBS AG reaffirmed a “buy” rating and issued a $45.00 price objective (up previously from $44.00) on shares of Assured Guaranty in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Assured Guaranty has a consensus rating of “Buy” and an average price target of $46.50.
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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