Assured Guaranty Ltd. (NYSE:AGO)‘s stock had its “buy” rating restated by analysts at MKM Partners in a report issued on Thursday.

A number of other equities research analysts also recently issued reports on the company. UBS AG reissued a “buy” rating and set a $47.00 price target (down previously from $49.00) on shares of Assured Guaranty in a research report on Wednesday. BidaskClub downgraded Assured Guaranty from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BTIG Research reissued a “buy” rating and set a $49.00 price target on shares of Assured Guaranty in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 price target on shares of Assured Guaranty in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.00.

Assured Guaranty (NYSE AGO) opened at 37.54 on Thursday. The company’s 50 day moving average price is $40.92 and its 200 day moving average price is $40.73. The company has a market cap of $4.47 billion, a P/E ratio of 4.22 and a beta of 1.65. Assured Guaranty has a 52-week low of $28.11 and a 52-week high of $45.73.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.44. The business had revenue of $308.00 million for the quarter, compared to the consensus estimate of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. Equities research analysts anticipate that Assured Guaranty will post $4.86 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in Assured Guaranty by 2.3% during the first quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 84 shares during the last quarter. Bank of Hawaii lifted its stake in Assured Guaranty by 1.2% during the second quarter. Bank of Hawaii now owns 15,510 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 180 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in Assured Guaranty by 4.4% during the second quarter. ETRADE Capital Management LLC now owns 11,509 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 485 shares during the last quarter. Sawtooth Solutions LLC lifted its stake in Assured Guaranty by 7.4% during the second quarter. Sawtooth Solutions LLC now owns 7,181 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 492 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Assured Guaranty by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,898 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

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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