Assured Guaranty (AGO) Stock

LONDON--(BUSINESS WIRE)--Assured Guaranty UK Limited (AGUK)* has announced that it has provided five-year debt service reserve (DSR) guarantees for ABP Acquisitions UK Limited and ABP Finance Plc, part of the Associated British Ports (ABP) Group. The £140 million DSR guarantees from Assured Guaranty will take the place of similar liquidity facilities offered by partner banks. Ashish Anand, Managing Director of AGUK, expressed his satisfaction with this significant development.

Assured Guaranty Ltd (NYSE:AGO) will hold its Q3 2024 Earnings Conference Call on November 12, 2024, at 8:00 AM ET. The call will feature company representatives including Robert Tucker, Dominic Frederico, Robert Bailenson, and Benjamin Rosenblum, along with participants from various financial firms. Good morning, and thank you for joining us for this call; I’m Ezra, your operator for today.

Assured Guaranty (AGO) reported quarterly earnings of $2.42 per share, which is higher than the Zacks Consensus Estimate of $1.42 per share. This is a decrease compared to earnings of $3.42 per share from the same period last year.

HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE: AGO) has released its financial results for the third quarter of 2024, which ended on September 30. Dominic Frederico, the President and CEO, stated that the company has been successful in increasing value for both shareholders and policyholders this year. As of September 30, 2024, the shareholders' equity per share reached a record high of $111.09.

Assured Guaranty common stock is currently available at a notable discount compared to its true value, which could lead to good returns for investors. The company's management has successfully used share buybacks to keep profits and financial stability even during tough economic times. With strong results in the second quarter, minimal risk from low-quality assets, and opportunities for growth, AGO presents a promising investment option.

The stock market is nearing a critical point where it needs clear evidence, as the chances of a smooth transition for the U.S. economy are "not completely guaranteed," according to the head investment officer at Morgan Stanley's wealth management division.

Here is how Assured Guaranty (AGO) and Bank of America (BAC) have performed compared to their sector so far this year.

Assured Guaranty, the leading bond insurance company in the US, trades at a discount to intrinsic value despite a strong stock rally. The company has successfully navigated the Puerto Rico debt restructuring and remains in a strong financial position. Higher interest rates and increased bond insurance opportunities have boosted earnings, and the management team is expected to create more value for shareholders.

Here is how Assured Guaranty (AGO) and Bank of America (BAC) have performed compared to their sector so far this year.