Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. The company insures and reinsures various debt obligations, including bonds issued by the United States state, governmental authorities or municipal governmental authorities; and notes issued to finance infrastructure projects. It also insures and reinsures various types of the U.S. public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, infrastructure, housing revenue, investor-owned utility, renewable energy, and other public finance bonds; non-U.S. public finance obligations comprising regulated utilities, infrastructure finance, sovereign and sub-sovereign, renewable energy bonds, pooled infrastructure, and other public finance obligations; and the U.S. and non-U.S. Structured finance obligations, including residential mortgage-backed securities, life insurance transactions, consumer receivables securities, pooled corporate obligations, financial products, and other structured finance securities. In addition, the company provides asset management services comprising investment advisory services, including management of collateralized loan obligations and opportunity funds to outside investors. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. Assured Guaranty Ltd. was founded in 2003 and is headquartered in Hamilton, Bermuda.
IPO Year: 2004
Exchange: NYSE
Website: assuredguaranty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/9/2024 | $87.00 → $92.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/1/2024 | $75.00 → $92.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 11/28/2022 | $84.00 | Buy | Compass Point |
| 4/5/2022 | $56.00 → $65.00 | Buy → Neutral | UBS |
| 11/5/2021 | $60.00 → $65.00 | Buy | MKM Partners |
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Evan Boulukos to Lead Secondary Markets Desk Paige Litten to Join Public Finance Team as Director Assured Guaranty Municipal Corp. (AGM)* and Assured Guaranty Corp. (AGC)* announced today that Marc Livolsi, Managing Director, will assume leadership of Assured Guaranty's U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos, Managing Director, will lead Assured Guaranty's Secondary Markets desk. Additionally, Paige Litten has joined Assured Guaranty as a Director, reporting to Mr. Livolsi. Both Mr. Livolsi and Mr. Boulukos will report to Chris Chafizadeh, Senior Managing Director, Co-Head of Public Finance, who stated, "We are excited to have Marc and Evan
Keefe Bruyette upgraded Assured Guaranty from Mkt Perform to Outperform and set a new price target of $92.00 from $87.00 previously
Keefe Bruyette downgraded Assured Guaranty from Outperform to Mkt Perform and set a new price target of $92.00 from $75.00 previously
Compass Point initiated coverage of Assured Guaranty with a rating of Buy and set a new price target of $84.00
UBS downgraded Assured Guaranty from Buy to Neutral and set a new price target of $65.00 from $56.00 previously
MKM Partners reiterated coverage of Assured Guaranty with a rating of Buy and set a new price target of $65.00 from $60.00 previously
GAAP Highlights: Net income attributable to Assured Guaranty Ltd. was $78 million, or $1.41 per share(1), for second quarter 2024. Shareholders' equity attributable to Assured Guaranty Ltd. per share was $104.15 as of June 30, 2024. Gross written premiums (GWP) were $132 million for second quarter 2024. Non-GAAP Highlights: Adjusted operating income(2) was $80 million, or $1.44 per share, for second quarter 2024. Adjusted operating shareholders' equity(2) per share and adjusted book value (ABV)(2) per share were $109.88 and $161.65, respectively, as of June 30, 2024. Present value of new business production (PVP)(2) was $155 million for second quarter 2024. Re
Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share. The dividend is payable on September 4, 2024 to shareholders of record at the close of business on August 21, 2024. Assured Guaranty Ltd. is a publicly traded (NYSE:AGO), Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates. More information on Assured Guaranty can be
Assured Guaranty Ltd. (NYSE:AGO) (AGL, together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P), Kroll Bond Rating Agency (KBRA) and Moody's Ratings (Moody's) have indicated that they see no change to Assured Guaranty's financial strength as a result of the August 1, 2024 merger of Assured Guaranty Municipal Corp. (AGM) into Assured Guaranty Inc. (AG). S&P S&P, which assigns a AA (stable) financial strength rating to AG, released a report on August 1, 2024, stating "there are no changes to the ratings of any of the S&P Global rated entities in the AGL group hierarchy." Additionally, they wrote: "We expect no change in the company's business strateg
Merger Enhances Capital Structure and Creates Operational Efficiency Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced today that Assured Guaranty Municipal Corp. (AGM) completed its merger with and into Assured Guaranty Inc. (AG), with AG as the surviving company. The planned merger was announced on July 8, 2024 and is effective as of August 1, 2024. As of today, all obligations of AGM are now obligations of AG, and Assured Guaranty UK Limited and Assured Guaranty (Europe) SA are now subsidiaries of AG. At the time of merger, AG and AGM had identical financial strength ratings with stable outlooks: AA+ at Kroll Bond Rating Agency, AA at S&P
Assured Guaranty Ltd. (NYSE:AGO) (the Company) today announced that it will issue its financial results press release for the second quarter ended June 30, 2024 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Wednesday, August 7, 2024. The press release and Assured Guaranty Ltd.'s Financial Supplement for June 30, 2024 will be available in the Investor Information section of the Company's website located at AssuredGuaranty.com. The Company will host a conference call for investors at 8:00 a.m. Eastern Time (9:00 a.m. Atlantic Time) on Thursday, August 8, 2024. The conference call will be available via live webcast in the Investor Information section of the Company's website at A
Assured Guaranty Ltd. (NYSE:AGO) (AGL, together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P), Kroll Bond Rating Agency (KBRA) and Moody's Ratings (Moody's) have indicated that they see no change to Assured Guaranty's financial strength as a result of the expected merger of Assured Guaranty Municipal Corp. (AGM) into Assured Guaranty Inc. (AG). KBRA KBRA issued a press release on July 8 that said, "upon the expected August 1, 2024 closing of the merger of Assured Guaranty Municipal Corp. ("AGM") into Assured Guaranty Inc. ("AG"), the Insurance Financial Strength Ratings (IFSR) for AG (AA+ /Stable) , Assured Guaranty UK Limited ("AGUK") (AA+ /Stab
Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced today that Assured Guaranty Municipal Corp. (AGM) will merge into Assured Guaranty Inc. (AG), which was named Assured Guaranty Corp. until May 24, 2024. The effective date of the merger is expected to be August 1, 2024. "We see this merger as beneficial for all our stakeholders," said Dominic Frederico, President and CEO. "It will result in more efficient utilization of the combined capital of the two companies, and it will simplify the administration and eliminate duplicative expenses of Assured Guaranty's U.S. financial guaranty operations. Over its nearly 40 years in the financial guaranty bus
Insured Bonds are Part of a $2.55 Billion Issue Assured Guaranty Municipal Corp. (AGM)* has, for the second time, insured $800 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation on behalf of JFK New Terminal One (JFK NTO), a consortium comprising Ferrovial Airports, JLC Infrastructure, Ullico Infrastructure Fund and Carlyle Group. Following a successful, similar December 2023 bond issuance, the insured bonds were issued on June 27 as part of a $2.55 billion Series 2024 issue of fixed-rate bonds. This increases AGM-insured bonds to an aggregate of $1.6 billion out of the $4.55 billion of bonds issued to date by JFK NTO. Lorne
Highlights Very Strong Competitive Position, Excellent Capital Adequacy and Liquidity, and Diverse Underwriting Strategy Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P) has affirmed the AA financial strength rating, financial enhancement rating, and issuer credit ratings on Assured Guaranty and its operating insurance subsidiaries. The outlooks remain stable. In its May 28, 2024 research update report, S&P noted Assured Guaranty's: "excellent capital adequacy and a very strong competitive position, supported by a strong presence in the U.S. public finance market" "excellent" capital and earnings "
Part of a $2.219 Billion Debt-Refinancing Package Assured Guaranty Municipal Corp. (AGM)* insured $1.134 billion of senior revenue bonds, Brightline Trains Florida LLC Issue, Series 2024 (Tax-Exempt), issued by the Florida Development Finance Corporation on May 9. The bonds insured by AGM are part of a $2.219 billion issue of fixed-rate revenue bonds that priced on April 25. By insuring a majority of the senior bonds, Assured Guaranty's participation helped drive a highly successful execution by Morgan Stanley in placing this debt," said Lorne Potash, Managing Director, Infrastructure Finance, Americas. "Brightline is the first private sector passenger rail system built in the U.S. in o
GAAP Highlights: Net income attributable to Assured Guaranty Ltd. was $78 million, or $1.41 per share(1), for second quarter 2024. Shareholders' equity attributable to Assured Guaranty Ltd. per share was $104.15 as of June 30, 2024. Gross written premiums (GWP) were $132 million for second quarter 2024. Non-GAAP Highlights: Adjusted operating income(2) was $80 million, or $1.44 per share, for second quarter 2024. Adjusted operating shareholders' equity(2) per share and adjusted book value (ABV)(2) per share were $109.88 and $161.65, respectively, as of June 30, 2024. Present value of new business production (PVP)(2) was $155 million for second quarter 2024. Re
Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share. The dividend is payable on September 4, 2024 to shareholders of record at the close of business on August 21, 2024. Assured Guaranty Ltd. is a publicly traded (NYSE:AGO), Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates. More information on Assured Guaranty can be
Assured Guaranty Ltd. (NYSE:AGO) (AGL, together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P), Kroll Bond Rating Agency (KBRA) and Moody's Ratings (Moody's) have indicated that they see no change to Assured Guaranty's financial strength as a result of the August 1, 2024 merger of Assured Guaranty Municipal Corp. (AGM) into Assured Guaranty Inc. (AG). S&P S&P, which assigns a AA (stable) financial strength rating to AG, released a report on August 1, 2024, stating "there are no changes to the ratings of any of the S&P Global rated entities in the AGL group hierarchy." Additionally, they wrote: "We expect no change in the company's business strateg
Merger Enhances Capital Structure and Creates Operational Efficiency Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced today that Assured Guaranty Municipal Corp. (AGM) completed its merger with and into Assured Guaranty Inc. (AG), with AG as the surviving company. The planned merger was announced on July 8, 2024 and is effective as of August 1, 2024. As of today, all obligations of AGM are now obligations of AG, and Assured Guaranty UK Limited and Assured Guaranty (Europe) SA are now subsidiaries of AG. At the time of merger, AG and AGM had identical financial strength ratings with stable outlooks: AA+ at Kroll Bond Rating Agency, AA at S&P
Assured Guaranty Ltd. (NYSE:AGO) (the Company) today announced that it will issue its financial results press release for the second quarter ended June 30, 2024 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Wednesday, August 7, 2024. The press release and Assured Guaranty Ltd.'s Financial Supplement for June 30, 2024 will be available in the Investor Information section of the Company's website located at AssuredGuaranty.com. The Company will host a conference call for investors at 8:00 a.m. Eastern Time (9:00 a.m. Atlantic Time) on Thursday, August 8, 2024. The conference call will be available via live webcast in the Investor Information section of the Company's website at A
Assured Guaranty Ltd. (NYSE:AGO) (AGL, together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P), Kroll Bond Rating Agency (KBRA) and Moody's Ratings (Moody's) have indicated that they see no change to Assured Guaranty's financial strength as a result of the expected merger of Assured Guaranty Municipal Corp. (AGM) into Assured Guaranty Inc. (AG). KBRA KBRA issued a press release on July 8 that said, "upon the expected August 1, 2024 closing of the merger of Assured Guaranty Municipal Corp. ("AGM") into Assured Guaranty Inc. ("AG"), the Insurance Financial Strength Ratings (IFSR) for AG (AA+ /Stable) , Assured Guaranty UK Limited ("AGUK") (AA+ /Stab
Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced today that Assured Guaranty Municipal Corp. (AGM) will merge into Assured Guaranty Inc. (AG), which was named Assured Guaranty Corp. until May 24, 2024. The effective date of the merger is expected to be August 1, 2024. "We see this merger as beneficial for all our stakeholders," said Dominic Frederico, President and CEO. "It will result in more efficient utilization of the combined capital of the two companies, and it will simplify the administration and eliminate duplicative expenses of Assured Guaranty's U.S. financial guaranty operations. Over its nearly 40 years in the financial guaranty bus
GAAP Highlights: Net income attributable to Assured Guaranty Ltd. was $109 million, or $1.89 per share(1), for first quarter 2024. Shareholders' equity attributable to Assured Guaranty Ltd. per share was $102.19 as of March 31, 2024. Gross written premiums (GWP) were $61 million for first quarter 2024. Non-GAAP Highlights: Adjusted operating income(2) was $113 million, or $1.96 per share, for first quarter 2024. Adjusted operating shareholders' equity(2) per share and adjusted book value (ABV)(2) per share were $107.69 and $157.31, respectively, as of March 31, 2024. Present value of new business production (PVP)(2) was $63 million for first quarter 2024. Return
Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share. The dividend is payable on May 29, 2024 to shareholders of record at the close of business on May 15, 2024. Assured Guaranty Ltd. is a publicly traded (NYSE:AGO) Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP. More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.co
Assured Guaranty Ltd. (NYSE:AGO) (the Company) today announced that it will issue its financial results press release for the first quarter ended March 31, 2024 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Tuesday, May 7, 2024. The press release and Assured Guaranty Ltd.'s Financial Supplement for March 31, 2024 will be available in the Investor Information section of the Company's website located at AssuredGuaranty.com. The Company will host a conference call for investors at 8:00 a.m. Eastern Time (9:00 a.m. Atlantic Time) on Wednesday, May 8, 2024. The conference call will be available via live webcast in the Investor Information section of the Company's website at Assured
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Roth MKM analyst Harry Fong maintains Assured Guaranty (NYSE:AGO) with a Buy and maintains $110 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc raised the price target for NVIDIA Corporation (NASDAQ:NVDA) from $130 to $180. Keybanc analyst John Vinh maintained an Overweight rating. NVIDIA shares rose 1.9% to close at $128.20 on Monday. See how other analysts view this stock. Piper Sandler lifted the price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $18 to $20. Piper Sandler analyst Patrick Moley maintained a Neutral rating. Robinhood shares fell 2.6% to close at $22.09 on Monday. See how other analysts view this stock.
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith upgrades Assured Guaranty (NYSE:AGO) from Market Perform to Outperform and raises the price target from $87 to $92.
The effective date of the merger is expected to be August 1, 2024. Assured Guaranty Municipal Corp. (AGM) will merge into Assured Guaranty Inc. (AG), which was named Assured Guaranty Corp. The merger is also expected to strengthen Assured Guaranty's ability to continue successfully executing its strategies to achieve its business objectives. AG will continue to be domiciled in Maryland, and the Maryland Insurance Administration (MIA) will be its primary regulator, as it has been since December 31, 1987. In connection with the merger of AGM into AG, the MIA approved a $300 million stock redemption (sometimes described as a "special dividend") by the combined company, which is expected to b
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith maintains Assured Guaranty (NYSE:AGO) with a Market Perform and lowers the price target from $92 to $87.
Assured Guaranty (NYSE:AGO) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.32 by 48.48 percent. This is a 75 percent increase over earnings of $1.12 per share from the same period last year. The company reported quarterly sales of $119.000 million which missed the analyst consensus estimate of $193.270 million by 38.43 percent. This is a 46.91 percent increase over sales of $81.000 million the same period last year.
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith downgrades Assured Guaranty (NYSE:AGO) from Outperform to Market Perform and raises the price target from $75 to $92.
UBS analyst Brian Meredith maintains Assured Guaranty (NYSE:AGO) with a Neutral and raises the price target from $64 to $102.
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