Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

On Mar 9, Zacks Investment Research upgraded Assured Guaranty Ltd. (AGO - Snapshot Report) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

With the fourth-quarter earnings beat, Assured Guaranty delivered three straight quarters of positive earnings surprise with an average of 16.3%.

Additionally, On Jan 18, 2013, the board of directors of Assured Guaranty approved a $200 million share repurchase program. Further, on Feb 7, the board also approved an 11% hike in its quarterly dividend.

Assured Guaranty reported its fourth-quarter results on Feb 27. Non-GAAP earnings per share came in at 94 cents, surpassing the Zacks Consensus Estimate by 32.4%.

Results benefited largely due to higher terminations of structured finance exposures as well as refunding of public finance exposures.

Top line improved 19.2% year over year to $447 million, driven by strong improvement in net premiums earned (up 32.1% year over year).

Expenses in the fourth quarter witnessed a sharp decline of 41% attributable to a 57% decline in loss and loss adjustment expense.

The Zacks Consensus Estimate for 2013 is $2.55 per share, down 9% year over year. For 2014, the Zacks Consensus Estimate is currently pegged at $2.64 per share, up 3.7% year over year.

Other Stocks to Consider

Multiline insurers such as CNO Financial Group (CNO - Analyst Report) with a Zacks Rank #1 (Strong Buy) and Assurant Inc. (AIZ - Analyst Report) and Cigna Corp. (CI - Analyst Report) with a Zacks Rank #2 (Buy), among others, are worth noting.

 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%