Last $25.56 USD
Change Today -0.01 / -0.04%
Volume 2.4M
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

assured guaranty ltd (AGO) Key Developments

Radian To Reportedly Sell Financial Guaranty Business To Assured Guaranty

Assured Guaranty Ltd. (NYSE:AGO) is planning to buy financial guaranty business of Radian Group Inc. (NYSE:RDN) for around $800 million, Reuters reported citing people familiar with the matter. A deal could be announced in the next few days. Representatives for Radian Group Inc. and Assured Guaranty Ltd. did not respond to requests for comment. Goldman Sachs Group Inc. was tapped by Radian Group Inc.

Assured Guaranty Ltd. Announces Resignation of Wilbur L. Ross from the Board of Directors

Assured Guaranty Ltd. announced the resignation of Wilbur L. Ross from the board of directors, effective immediately. Ross has been elected vice chairman of Bank of Cyprus and, due to rules limiting directorships of bank officers, would be resigning from the boards of directors of several companies, including that of Assured Guaranty.

Assured Guaranty Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Assured Guaranty Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $525 million against $670 million a year ago. Income before income taxes was $488 million against $536 million a year ago. Net income was $355 million or $169.7 per diluted share against $384 million or $183.9 per diluted share a year ago. Operating income was $117 million or $1.05 per diluted share against $117 million or $0.64 per diluted share a year ago. Net investment income was $102 million against $99 million a year ago. Non-GAAP net earned premiums were $149 million against $173 million a year ago. Non-GAAP net investment income was $102 million against $97 million a year ago. Non-GAAP income before income taxes was $244 million against $162 million a year ago. Non-GAAP income was $177 million or $1.05 per share diluted against $177 million or $0.64 per share diluted a year ago. For the nine months, operating income was $410 million, or $2.31 per share, compared with $475 million, or $2.51 per share a year ago. Net income was $556 million, or $3.13 per share, compared with net income of $459 million, or $2.43 per share a year ago. Adjusted book value was $8,655 million or $52.59 per share as of September 30, 2014 against $9,033 million or $49.58 per share as of December 31, 2013. The premiums and revenues included in adjusted book value will be earned in future periods, but actual earnings may differ materially from the estimated amounts used in determining current adjusted book value due to changes in foreign exchange rates, prepayment speeds, terminations, credit defaults and other factors.

Assured Guaranty Ltd. Declares Quarterly Dividend on Common Share, Payable on December 03, 2014

Assured Guaranty Ltd. declared a quarterly dividend of $0.11 per common share. The dividend is payable on December 3, 2014 to shareholders of record at the close of business on November 19, 2014.

Assured Guaranty Ltd. to Report Q3, 2014 Results on Nov 06, 2014

Assured Guaranty Ltd. announced that they will report Q3, 2014 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2014

 

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AGO

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Valuation AGO Industry Range
Price/Earnings 5.1x
Price/Sales 2.7x
Price/Book 0.8x
Price/Cash Flow 4.6x
TEV/Sales 1.2x
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