Somewhat Positive Media Coverage Somewhat Unlikely to Affect Assured Guaranty (AGO) Share Price
News articles about Assured Guaranty (NYSE:AGO) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Assured Guaranty earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.2083650215732 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research firms recently weighed in on AGO. MKM Partners reaffirmed a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. UBS reaffirmed a “buy” rating and set a $47.00 target price (down previously from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $47.00.
Assured Guaranty (NYSE AGO) traded up $0.14 during mid-day trading on Friday, reaching $34.33. 1,613,453 shares of the company’s stock were exchanged, compared to its average volume of 931,117. 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 has a fifty-two week low of $33.78 and a fifty-two week high of $45.73. The stock has a market cap of $4,034.54, a PE ratio of 6.09 and a beta of 1.64.
Assured Guaranty announced that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a $0.142 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.65%. Assured Guaranty’s dividend payout ratio (DPR) is 8.21%.
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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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