Assured Guaranty Ltd. (NYSE:AGO)‘s stock had its “buy” rating reissued by investment analysts at UBS AG in a note issued to investors on Wednesday. They presently have a $47.00 target price on the financial services provider’s stock, down from their previous target price of $49.00. UBS AG’s price target points to a potential upside of 24.57% from the company’s current price.

Other research analysts have also recently issued reports about the company. BidaskClub raised Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 target price on shares of Assured Guaranty in a research note on Tuesday, July 4th. Finally, BTIG Research reissued a “buy” rating and issued a $49.00 target price on shares of Assured Guaranty in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.00.

Assured Guaranty (NYSE:AGO) opened at 37.73 on Wednesday. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 4.24 and a beta of 1.65. Assured Guaranty has a 52-week low of $28.11 and a 52-week high of $45.73. The company has a 50 day moving average price of $41.07 and a 200-day moving average price of $40.73.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.44. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The business had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $288.15 million. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. Equities research analysts anticipate that Assured Guaranty will post $4.89 EPS for the current year.

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A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Assured Guaranty by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,617,965 shares of the financial services provider’s stock valued at $468,254,000 after acquiring an additional 374,051 shares during the period. BlackRock Inc. grew its stake in Assured Guaranty by 2,281.9% in the first quarter. BlackRock Inc. now owns 6,309,856 shares of the financial services provider’s stock valued at $234,159,000 after acquiring an additional 6,044,950 shares during the period. Dimensional Fund Advisors LP grew its stake in Assured Guaranty by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,437,639 shares of the financial services provider’s stock valued at $164,678,000 after acquiring an additional 285,852 shares during the period. AQR Capital Management LLC grew its stake in Assured Guaranty by 43.6% in the first quarter. AQR Capital Management LLC now owns 3,805,606 shares of the financial services provider’s stock valued at $141,226,000 after acquiring an additional 1,155,924 shares during the period. Finally, Thrivent Financial For Lutherans grew its stake in Assured Guaranty by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 2,980,060 shares of the financial services provider’s stock valued at $124,388,000 after acquiring an additional 18,350 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

About Assured Guaranty

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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