Assured Guaranty (NYSE:AGO)‘s stock had its “outperform” rating restated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday. They currently have a $47.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 39.14% from the stock’s current price.

AGO has been the topic of a number of other research reports. UBS reissued a “buy” rating and set a $47.00 price objective (down previously from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. MKM Partners reissued a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.25.

Shares of Assured Guaranty (AGO) traded down $0.18 during trading hours on Wednesday, reaching $33.78. 865,800 shares of the company traded hands, compared to its average volume of 932,355. The firm has a market capitalization of $3,988.73, a PE ratio of 6.02 and a beta of 1.64. Assured Guaranty has a 52-week low of $33.55 and a 52-week high of $45.73. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.19.

Assured Guaranty (NYSE:AGO) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.51. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. The firm had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $262.09 million. During the same quarter last year, the company earned $3.74 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year.

Assured Guaranty announced that its board has authorized a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in Assured Guaranty by 962.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,250 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 3,850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Assured Guaranty by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,150 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 539 shares during the last quarter. Quantum Capital Management purchased a new position in shares of Assured Guaranty during the second quarter worth approximately $218,000. FineMark National Bank & Trust purchased a new position in shares of Assured Guaranty during the third quarter worth approximately $259,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Assured Guaranty during the second quarter worth approximately $288,000. 95.84% of the stock is currently owned by institutional investors.

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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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