Assured Guaranty Ltd. (NYSE:AGO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $35.30 and last traded at $35.49, with a volume of 894400 shares trading hands. The stock had previously closed at $36.12.

Several equities analysts have issued reports on AGO shares. UBS restated a “buy” rating and set a $47.00 target price (down previously from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. MKM Partners restated a “buy” rating on shares of Assured Guaranty in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Assured Guaranty presently has an average rating of “Buy” and an average price target of $47.00.

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.19. The company has a market cap of $4,144.94, a P/E ratio of 6.26 and a beta of 1.64.

Assured Guaranty (NYSE:AGO) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.51. The business had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $262.09 million. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.74 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Tuesday, November 14th. Assured Guaranty’s payout ratio is currently 8.21%.

Assured Guaranty announced that its board has approved a stock buyback plan on Thursday, November 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGO. NGAM Advisors L.P. increased its position in shares of Assured Guaranty by 4.1% during the 2nd quarter. NGAM Advisors L.P. now owns 34,165 shares of the financial services provider’s stock valued at $1,426,000 after purchasing an additional 1,332 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Assured Guaranty during the 2nd quarter valued at about $1,699,000. TD Asset Management Inc. increased its position in shares of Assured Guaranty by 9.0% during the 2nd quarter. TD Asset Management Inc. now owns 50,881 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 4,200 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Assured Guaranty by 42.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 24,300 shares of the financial services provider’s stock valued at $1,014,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Assured Guaranty by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 613,255 shares of the financial services provider’s stock valued at $25,598,000 after purchasing an additional 12,826 shares during the last quarter. 95.87% of the stock is owned by hedge funds and other institutional investors.

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About Assured Guaranty

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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