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Assured Guaranty Ltd. Reports Results for Third Quarter 2024
Business Wire (Mon, 11-Nov 4:06 PM ET)
Assured Guaranty Ltd. Declares Quarterly Dividend of $0.31 per Common Share
Business Wire (Fri, 8-Nov 7:00 AM ET)
Business Wire (Tue, 5-Nov 4:05 PM ET)
Assured Guaranty Ltd. to Report Third Quarter 2024 Financial Results on November 11, 2024
Business Wire (Thu, 24-Oct 9:00 AM ET)
KBRA Affirms Assured Guaranty AA+ Insurance Financial Strength Ratings with Stable Outlook
Business Wire (Tue, 22-Oct 1:10 PM ET)
Assured Guaranty Ltd. provides credit protection products to the United States and international public finance and structured finance markets, and manages assets across collateralized loan obligations as well as opportunity funds and liquid funds that build on its corporate credit, asset-based finance, municipal and healthcare experience. The company is operating in two segments Insurance segment and the Asset Management segment. The majority of the revenue earned by the company from the Insurance segment.
Assured Guaranty Ltd. trades on the NYSE stock market under the symbol AGO.
As of January 13, 2025, AGO stock price climbed to $86.67 with 233,265 million shares trading.
AGO has a beta of 0.85, meaning it tends to be less sensitive to market movements. AGO has a correlation of 0.21 to the broad based SPY ETF.
AGO has a market cap of $4.41 billion. This is considered a Mid Cap stock.
Last quarter Assured Guaranty Ltd. reported $269 million in Revenue and $2.42 earnings per share. This beat revenue expectation by $68 million and exceeded earnings estimates by $1.07.
In the last 3 years, AGO traded as high as $96.60 and as low as $45.21.
The top ETF exchange traded funds that AGO belongs to (by Net Assets): IJR, VTI, VB, VBR, AVUV.
AGO has underperformed the market in the last year with a price return of +16.3% while the SPY ETF gained +23.5%. However, in the short term, AGO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +3.6% vs +1.3% return in SPY. But in the last 2 weeks, AGO shares have been beat by the market, returning -3.2% compared to an SPY return of -2.3%.
AGO support price is $84.77 and resistance is $87.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGO shares will trade within this expected range on the day.