Assured Guaranty Ltd Stock Price, News & Analysis

Assured Guaranty UK Limited (AGUK) has guaranteed £327 million in index-linked secured bonds issued by QAH Finance Plc, supporting the acquisition of a Credit Guarantee Loan linked to the Queen Alexandra Hospital PFI Project. The bonds, rated A2 (Stable) by Moody’s, reflect strong investor demand. AGUK possesses strong financial ratings, including AA from S&P and AA+ from Kroll. This strategic move not only secures principal and interest payments for investors but also may enhance AGUK's reputation in the financial markets.

Assured Guaranty Ltd. announced a framework agreement with the Financial Oversight and Management Board for Puerto Rico to settle its insured exposure related to the Puerto Rico Highway and Transportation Authority. This agreement is subject to definitive documentation, supporting the revised Puerto Rico General Obligation and Public Buildings Authority Plan Support Agreement. Assured Guaranty emphasizes its commitment to a consensual resolution of Puerto Rico's financial issues, aiming for a fair conclusion of the Title III process while protecting its legal rights.

Assured Guaranty Ltd. (AGO) reported its financial results for Q4 and FY 2020, achieving significant milestones despite market challenges. The company secured a 58% share in the bond insurance market and raised municipal PVP by 45% year-over-year. The repurchase of shares increased adjusted book value per share by $17.88, the highest since its IPO. However, adjusted operating income fell to $429 million in FY 2020 from $512 million in FY 2019, driven by increased loss expenses mainly linked to Puerto Rico. Investors should weigh these factors when considering AGO's stock.

Assured Guaranty Ltd. (NYSE:AGO) has declared a quarterly dividend of $0.22 per common share, marking a 10% increase from the previous $0.20 dividend declared on November 2, 2020. The new dividend will be payable on March 24, 2021, to shareholders recorded by the close of business on March 10, 2021. This reflects the company's commitment to returning value to shareholders while continuing to provide credit enhancement products across various financial markets.

Assured Guaranty Municipal Corp. and Assured Guaranty Corp. (subsidiaries of Assured Guaranty Ltd.) have conditionally supported a revised Plan Support Agreement (PSA) regarding Puerto Rico's financial challenges. This agreement is with the Financial Oversight and Management Board and other creditors, with tacit support from the Commonwealth of Puerto Rico. Assured Guaranty aims for a comprehensive resolution involving various Puerto Rican credits, including Highway and Transportation Authority bonds, ensuring legal rights are respected and expediting the Title III process.

Assured Guaranty Ltd. (NYSE:AGO) announced it will release its financial results for the full year and fourth quarter ended December 31, 2020, after 4:00 p.m. ET on February 25, 2021. Concurrently, a financial supplement will be accessible on the company's website. A conference call for investors is scheduled for 8:00 a.m. ET on February 26, 2021, with options for live and archived webcasts. The replay will be available until May 26, 2021. Assured Guaranty specializes in credit enhancement products and asset management services.

Kroll Bond Rating Agency (KBRA) has affirmed the AA+ ratings for Assured Guaranty Municipal Corp. (AGM) and its subsidiaries, alongside a AA rating for Assured Guaranty Corp. (AGC) and Municipal Assurance Corp. (MAC), all with Stable Outlooks. Key strengths include experienced management and a robust risk management framework. KBRA considers COVID-19 primarily a liquidity event for Assured Guaranty, with no first-time claims linked to credit stress as of November 6. The group boasts approximately $11 billion in claims-paying resources as of September 30, 2020.

Assured Guaranty Ltd. (NYSE: AGO) reported strong financial results for Q3 2020, achieving the best new business production in over a decade with a Present Value of Production (PVP) of $117 million. The company's net income increased to $86 million, compared to $69 million in Q3 2019. Significant growth was observed in the U.S. public finance market, where insured par volume doubled year-over-year to $7.5 billion, capturing 64% market share. However, adjusted operating income fell to $81 million, down from $107 million, mainly due to increased loss expenses attributed to Puerto Rico exposures.

Assured Guaranty has appointed Randall Gerardes as the new Managing Director for Public Finance Marketing, effective November 2, 2020. Reporting to Chris Chafizadeh, he aims to strengthen relationships in the municipal market. Gerardes, with over 20 years of experience, has returned after previously serving as an underwriter for six years. His extensive background includes roles at MBIA and AIG, as well as leading municipal strategy at Wells Fargo Securities. This strategic hire underscores Assured Guaranty's commitment to enhanced client service and market leadership.