Assured Guaranty Ltd. (AGO) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.64. The company posted revenue of $322.00 million in the period, compared to analysts expectations of $278.08 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
Assured Guaranty Ltd. opened for trading at $25.94 and hit $26.19 on the upside on Monday, eventually ending the session at $26.05, with a gain of 0.70% or 0.18 points. The heightened volatility saw the trading volume jump to 7,19,309 shares. Company has a market cap of $3,541 M.
In a different news, on May 14, 2015, Stephen A Cozen (director) sold 17,000 shares at $26.97 per share price.
Assured Guaranty Ltd. is a holding company. The Company provides through its operating subsidiaries credit protection products to the United States and international public finance including infrastructure and structured finance markets. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors. It conducts its financial guaranty business on a direct basis from the following companies: Assured Guaranty Municipal Corp. (AGM) Municipal Assurance Corp. (MAC) Assured Guaranty Corp. (AGC) Assured Guaranty (Europe) Ltd. (AGE) and Assured Guaranty Re Ltd. (AG Re). The Company insures obligations issued in the United States. It also offers credit protection through reinsurance. The Company insures and reinsures various types of United States public finance obligations and various non-United States public finance obligations.