Last $25.56 USD
Change Today -0.01 / -0.04%
Volume 2.4M
AGO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
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) Snapshot

Open
$25.64
Previous Close
$25.57
Day High
$25.76
Day Low
$25.52
52 Week High
06/20/14 - $26.78
52 Week Low
10/15/14 - $20.02
Market Cap
4.1B
Average Volume 10 Days
1.7M
EPS TTM
$4.08
Shares Outstanding
162.0M
EX-Date
11/17/14
P/E TM
6.3x
Dividend
$0.44
Dividend Yield
1.72%
Current Stock Chart for ASSURED GUARANTY LTD (AGO)

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assured guaranty ltd (AGO) Details

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers insurance that protect holders of debt instruments and other monetary obligations from defaults in scheduled payments, including scheduled interest and principal payments. The company insures various securities, including bonds issued by the United States state or municipal governmental authorities; notes issued to finance international infrastructure projects; and asset-backed securities issued by special purpose entities. It also insures and reinsures various types of the United States public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, housing revenue, infrastructure, investor-owned utility, and other public finance bonds; and various types of non-United States public finance obligations comprising infrastructure finance, regulated utilities, pooled infrastructure, and other public finance obligations. In addition, the company insures and reinsures various types of the United States and non-United States structured finance obligations, including pooled corporate obligations, residential mortgage-backed securities, financial products, consumer receivables securities, commercial mortgage-backed securities, commercial receivables securities, insurance securitization securities, and other structured finance securities. Assured Guaranty Ltd. markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in debt obligations. The company was founded in 2003 and is based in Hamilton, Bermuda.

326 Employees
Last Reported Date: 02/28/14
Founded in 2003

assured guaranty ltd (AGO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $4.5M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $1.3M
Chief Operating Officer
Total Annual Compensation: $1.3M
Chief Surveillance Officer
Total Annual Compensation: $1.2M
General Counsel and Secretary
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2013.

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.

 

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Industry Analysis

AGO

Industry Average

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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