Assured Guaranty's Accretive Buybacks Continue To Grow Intrinsic Value
Assured Guaranty common stock offers a significant discount to intrinsic value, providing attractive returns for investors. AGO's management has effectively utilized share buybacks, maintaining profitability and capital strength despite economic challenges. AGO's strong Q2 results, low exposure to below investment grade assets, and potential for future growth make it an appealing investment opportunity.
Assured Guaranty Ltd (AGO) Q2 2024 Earnings Call Transcript
Assured Guaranty Ltd (NYSE:AGO ) Q2 2024 Results Conference Call August 8, 2024 8:00 AM ET Company Participants Robert Tucker - Investor Relations Dominic Frederico - Deputy Chairman, President & CEO Rob Bailenson - Chief Operating Officer Ben Rosenblum - Chief Financial Officer Conference Call Participants Tommy McJoynt - KBW Giuliano Bologna - Compass Point Geoffrey Dunn - Dowling Partners Operator Good morning, everyone, and welcome to the Assured Guaranty Limited Second Quarter 2024 Earnings Conference Call. My name is Rune, and I'll be operating your call today.
Assured Guaranty (AGO) Q2 Earnings Lag Estimates
Assured Guaranty (AGO) came out with quarterly earnings of $1.44 per share, missing the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $0.60 per share a year ago.
Why the stock market is now in a ‘show-me phase' as soft landing ‘not fully assured'
The stock market is approaching a “show-me moment” as prospects for a soft landing for the U.S. economy are “not fully assured,” according to the chief investment officer of Morgan Stanley's wealth-management business.
Are Finance Stocks Lagging Assured Guaranty (AGO) This Year?
Here is how Assured Guaranty (AGO) and Bank of America (BAC) have performed compared to their sector so far this year.
Assured Guaranty Continues To Increase Intrinsic Value With Accretive Buybacks
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.
Are Finance Stocks Lagging Assured Guaranty (AGO) This Year?
Here is how Assured Guaranty (AGO) and Bank of America (BAC) have performed compared to their sector so far this year.
Wall Street Analysts Think Assured Guaranty (AGO) Could Surge 25.27%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 25.3% in Assured Guaranty (AGO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
