Intrinsic value of Assured Guaranty - AGO

Previous Close

$36.67

  Intrinsic Value

$148.82

stock screener

  Rating & Target

str. buy

+306%

Previous close

$36.67

 
Intrinsic value

$148.82

 
Up/down potential

+306%

 
Rating

str. buy

Our model is not good at valuating stocks of financial companies, such as AGO.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of AGO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of Assured Guaranty (AGO) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -23.34
  11.40
  10.76
  10.18
  9.67
  9.20
  8.78
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
  6.32
  6.19
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.33
  5.30
Revenue, $m
  0
  1,925
  2,132
  2,349
  2,576
  2,813
  3,060
  3,317
  3,585
  3,863
  4,152
  4,452
  4,764
  5,088
  5,426
  5,776
  6,141
  6,521
  6,917
  7,329
  7,759
  8,207
  8,675
  9,163
  9,673
  10,207
  10,764
  11,346
  11,956
  12,594
  13,261
Variable operating expenses, $m
 
  414
  458
  505
  554
  605
  658
  713
  771
  831
  893
  957
  1,024
  1,094
  1,166
  1,242
  1,320
  1,402
  1,487
  1,576
  1,668
  1,765
  1,865
  1,970
  2,080
  2,194
  2,314
  2,439
  2,571
  2,708
  2,851
Fixed operating expenses, $m
 
  250
  256
  263
  269
  276
  283
  290
  297
  305
  312
  320
  328
  336
  345
  353
  362
  371
  381
  390
  400
  410
  420
  431
  441
  452
  464
  475
  487
  499
  512
Total operating expenses, $m
  609
  664
  714
  768
  823
  881
  941
  1,003
  1,068
  1,136
  1,205
  1,277
  1,352
  1,430
  1,511
  1,595
  1,682
  1,773
  1,868
  1,966
  2,068
  2,175
  2,285
  2,401
  2,521
  2,646
  2,778
  2,914
  3,058
  3,207
  3,363
Operating income, $m
  1,119
  1,261
  1,417
  1,581
  1,753
  1,932
  2,119
  2,314
  2,517
  2,728
  2,947
  3,175
  3,412
  3,658
  3,914
  4,181
  4,459
  4,748
  5,049
  5,363
  5,691
  6,033
  6,390
  6,763
  7,152
  7,560
  7,986
  8,432
  8,898
  9,387
  9,898
EBITDA, $m
  1,119
  1,261
  1,417
  1,581
  1,753
  1,932
  2,119
  2,314
  2,517
  2,728
  2,947
  3,175
  3,412
  3,658
  3,914
  4,181
  4,459
  4,748
  5,049
  5,363
  5,691
  6,033
  6,390
  6,763
  7,152
  7,560
  7,986
  8,432
  8,898
  9,387
  9,898
Interest expense (income), $m
  95
  95
  159
  226
  296
  370
  446
  526
  609
  695
  785
  879
  976
  1,076
  1,181
  1,290
  1,403
  1,521
  1,644
  1,772
  1,905
  2,044
  2,189
  2,340
  2,498
  2,663
  2,835
  3,015
  3,203
  3,400
  3,606
Earnings before tax, $m
  1,017
  1,166
  1,258
  1,355
  1,457
  1,563
  1,673
  1,788
  1,908
  2,032
  2,162
  2,296
  2,436
  2,582
  2,733
  2,891
  3,055
  3,226
  3,405
  3,591
  3,786
  3,989
  4,201
  4,423
  4,654
  4,897
  5,151
  5,417
  5,695
  5,987
  6,292
Tax expense, $m
  136
  315
  340
  366
  393
  422
  452
  483
  515
  549
  584
  620
  658
  697
  738
  781
  825
  871
  919
  970
  1,022
  1,077
  1,134
  1,194
  1,257
  1,322
  1,391
  1,462
  1,538
  1,616
  1,699
Net income, $m
  881
  851
  919
  989
  1,064
  1,141
  1,221
  1,305
  1,393
  1,483
  1,578
  1,676
  1,778
  1,885
  1,995
  2,110
  2,230
  2,355
  2,486
  2,622
  2,763
  2,912
  3,067
  3,228
  3,398
  3,575
  3,760
  3,954
  4,157
  4,370
  4,593

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  14,151
  15,779
  17,476
  19,256
  21,117
  23,060
  25,084
  27,192
  29,384
  31,663
  34,031
  36,492
  39,049
  41,708
  44,471
  47,346
  50,337
  53,451
  56,694
  60,073
  63,596
  67,271
  71,106
  75,109
  79,291
  83,660
  88,227
  93,004
  98,000
  103,228
  108,701
Adjusted assets (=assets-cash), $m
  14,151
  15,779
  17,476
  19,256
  21,117
  23,060
  25,084
  27,192
  29,384
  31,663
  34,031
  36,492
  39,049
  41,708
  44,471
  47,346
  50,337
  53,451
  56,694
  60,073
  63,596
  67,271
  71,106
  75,109
  79,291
  83,660
  88,227
  93,004
  98,000
  103,228
  108,701
Revenue / Adjusted assets
  0.000
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
  0.122
Average production assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total debt, $m
  1,306
  2,179
  3,096
  4,057
  5,062
  6,111
  7,205
  8,343
  9,526
  10,757
  12,036
  13,365
  14,746
  16,181
  17,674
  19,226
  20,841
  22,523
  24,274
  26,099
  28,001
  29,985
  32,056
  34,218
  36,476
  38,835
  41,302
  43,881
  46,579
  49,402
  52,357
Total liabilities, $m
  7,647
  8,520
  9,437
  10,398
  11,403
  12,452
  13,546
  14,684
  15,867
  17,098
  18,377
  19,706
  21,087
  22,522
  24,015
  25,567
  27,182
  28,864
  30,615
  32,440
  34,342
  36,326
  38,397
  40,559
  42,817
  45,176
  47,643
  50,222
  52,920
  55,743
  58,698
Total equity, $m
  6,504
  7,258
  8,039
  8,858
  9,714
  10,608
  11,539
  12,508
  13,517
  14,565
  15,654
  16,786
  17,963
  19,185
  20,457
  21,779
  23,155
  24,587
  26,079
  27,634
  29,254
  30,945
  32,709
  34,550
  36,474
  38,484
  40,585
  42,782
  45,080
  47,485
  50,002
Total liabilities and equity, $m
  14,151
  15,778
  17,476
  19,256
  21,117
  23,060
  25,085
  27,192
  29,384
  31,663
  34,031
  36,492
  39,050
  41,707
  44,472
  47,346
  50,337
  53,451
  56,694
  60,074
  63,596
  67,271
  71,106
  75,109
  79,291
  83,660
  88,228
  93,004
  98,000
  103,228
  108,700
Debt-to-equity ratio
  0.201
  0.300
  0.390
  0.460
  0.520
  0.580
  0.620
  0.670
  0.700
  0.740
  0.770
  0.800
  0.820
  0.840
  0.860
  0.880
  0.900
  0.920
  0.930
  0.940
  0.960
  0.970
  0.980
  0.990
  1.000
  1.010
  1.020
  1.030
  1.030
  1.040
  1.050
Adjusted equity ratio
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  881
  851
  919
  989
  1,064
  1,141
  1,221
  1,305
  1,393
  1,483
  1,578
  1,676
  1,778
  1,885
  1,995
  2,110
  2,230
  2,355
  2,486
  2,622
  2,763
  2,912
  3,067
  3,228
  3,398
  3,575
  3,760
  3,954
  4,157
  4,370
  4,593
Depreciation, amort., depletion, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Funds from operations, $m
  -928
  851
  919
  989
  1,064
  1,141
  1,221
  1,305
  1,393
  1,483
  1,578
  1,676
  1,778
  1,885
  1,995
  2,110
  2,230
  2,355
  2,486
  2,622
  2,763
  2,912
  3,067
  3,228
  3,398
  3,575
  3,760
  3,954
  4,157
  4,370
  4,593
Change in working capital, $m
  -787
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from operations, $m
  -141
  851
  919
  989
  1,064
  1,141
  1,221
  1,305
  1,393
  1,483
  1,578
  1,676
  1,778
  1,885
  1,995
  2,110
  2,230
  2,355
  2,486
  2,622
  2,763
  2,912
  3,067
  3,228
  3,398
  3,575
  3,760
  3,954
  4,157
  4,370
  4,593
Maintenance CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
New CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from investing activities, $m
  1,076
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Free cash flow, $m
  935
  851
  919
  989
  1,064
  1,141
  1,221
  1,305
  1,393
  1,483
  1,578
  1,676
  1,778
  1,885
  1,995
  2,110
  2,230
  2,355
  2,486
  2,622
  2,763
  2,912
  3,067
  3,228
  3,398
  3,575
  3,760
  3,954
  4,157
  4,370
  4,593
Issuance/(repayment) of debt, $m
  -2
  873
  917
  961
  1,005
  1,049
  1,093
  1,138
  1,184
  1,231
  1,279
  1,329
  1,381
  1,435
  1,492
  1,552
  1,615
  1,681
  1,751
  1,825
  1,902
  1,984
  2,071
  2,162
  2,258
  2,359
  2,466
  2,579
  2,698
  2,823
  2,955
Issuance/(repurchase) of shares, $m
  -306
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -909
  873
  917
  961
  1,005
  1,049
  1,093
  1,138
  1,184
  1,231
  1,279
  1,329
  1,381
  1,435
  1,492
  1,552
  1,615
  1,681
  1,751
  1,825
  1,902
  1,984
  2,071
  2,162
  2,258
  2,359
  2,466
  2,579
  2,698
  2,823
  2,955
Total cash flow (excl. dividends), $m
  21
  1,724
  1,835
  1,951
  2,069
  2,190
  2,315
  2,443
  2,576
  2,714
  2,857
  3,005
  3,159
  3,320
  3,488
  3,663
  3,845
  4,037
  4,237
  4,446
  4,666
  4,896
  5,137
  5,390
  5,656
  5,934
  6,227
  6,533
  6,855
  7,193
  7,548
Retained Cash Flow (-), $m
  -441
  -754
  -781
  -819
  -856
  -894
  -931
  -969
  -1,008
  -1,048
  -1,089
  -1,132
  -1,176
  -1,223
  -1,271
  -1,322
  -1,376
  -1,432
  -1,492
  -1,554
  -1,621
  -1,690
  -1,764
  -1,842
  -1,923
  -2,010
  -2,101
  -2,197
  -2,298
  -2,405
  -2,517
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  970
  1,054
  1,132
  1,212
  1,296
  1,383
  1,474
  1,568
  1,666
  1,767
  1,873
  1,983
  2,097
  2,216
  2,340
  2,470
  2,604
  2,745
  2,892
  3,045
  3,206
  3,373
  3,549
  3,732
  3,924
  4,126
  4,336
  4,557
  4,788
  5,031
Discount rate, %
 
  4.40
  4.62
  4.85
  5.09
  5.35
  5.62
  5.90
  6.19
  6.50
  6.83
  7.17
  7.53
  7.90
  8.30
  8.71
  9.15
  9.60
  10.08
  10.59
  11.12
  11.67
  12.26
  12.87
  13.51
  14.19
  14.90
  15.64
  16.43
  17.25
  18.11
PV of cash for distribution, $m
 
  929
  963
  982
  994
  999
  997
  987
  970
  945
  913
  875
  830
  780
  726
  669
  609
  548
  487
  427
  370
  315
  265
  219
  178
  142
  111
  86
  64
  47
  34
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

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. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. It guarantees obligations issued principally in the United States and the United Kingdom and also guarantees obligations issued in other countries and regions, including Australia and Western Europe. It also provides other forms of insurance that are in line with its risk profile and benefit from its underwriting experience.

FINANCIAL RATIOS  of  Assured Guaranty (AGO)

Valuation Ratios
P/E Ratio 5.3
Price to Sales 2.7
Price to Book 0.7
Price to Tangible Book
Price to Cash Flow -33.3
Price to Free Cash Flow -33.3
Growth Rates
Sales Growth Rate -23.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 20.1%
Total Debt to Equity 20.1%
Interest Coverage 12
Management Effectiveness
Return On Assets 6.7%
Ret/ On Assets - 3 Yr. Avg. 7.2%
Return On Total Capital 11.6%
Ret/ On T. Cap. - 3 Yr. Avg. 14.3%
Return On Equity 14%
Return On Equity - 3 Yr. Avg. 17.3%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 64.4%
EBITDA Margin - 3 Yr. Avg. 70.1%
Operating Margin 64.8%
Oper. Margin - 3 Yr. Avg. 70.4%
Pre-Tax Margin 58.9%
Pre-Tax Margin - 3 Yr. Avg. 65.4%
Net Profit Margin 51%
Net Profit Margin - 3 Yr. Avg. 50.1%
Effective Tax Rate 13.4%
Eff/ Tax Rate - 3 Yr. Avg. 22.8%
Payout Ratio 7.8%

AGO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AGO stock intrinsic value calculation we used $1728 million for the last fiscal year's total revenue generated by Assured Guaranty. The default revenue input number comes from 2016 income statement of Assured Guaranty. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AGO stock valuation model: a) initial revenue growth rate of 11.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.4%, whose default value for AGO is calculated based on our internal credit rating of Assured Guaranty, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Assured Guaranty.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AGO stock the variable cost ratio is equal to 21.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $244 million in the base year in the intrinsic value calculation for AGO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.3% for Assured Guaranty.

Corporate tax rate of 27% is the nominal tax rate for Assured Guaranty. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AGO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AGO are equal to 0%.

Life of production assets of 10 years is the average useful life of capital assets used in Assured Guaranty operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AGO is equal to 0%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $6504 million for Assured Guaranty - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 117.803 million for Assured Guaranty is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Assured Guaranty at the current share price and the inputted number of shares is $4.3 billion.

RELATED COMPANIES Price Int.Val. Rating
MBI MBIA 8.46 8.31  hold
ESNT Essent Group 47.08 77.36  str.buy

COMPANY NEWS

▶ Assured Guaranty Ltd. to Host Earnings Call   [Feb-23-18 06:00AM  ACCESSWIRE]
▶ Assured Guaranty posts 4Q profit   [05:00AM  Associated Press]
▶ Assured Guaranty Q4 Earnings Outlook   [Feb-22-18 08:34AM  Benzinga]
▶ Kahn Brothers Adds to BlackBerry, Bank of America Positions   [Jan-29-18 03:51PM  GuruFocus.com]
▶ [$$] Muni Insurer MBIA Courts Risk in Share Buyback   [Dec-09-17 12:01AM  Barrons.com]
▶ Assured Guaranty posts 3Q profit   [05:37AM  Associated Press]
▶ ASSURED GUARANTY LTD to Host Earnings Call   [Nov-03-17 06:00AM  ACCESSWIRE]
▶ Trump Tweets Push Puerto Rico Bonds to New Lows   [Oct-12-17 03:55PM  Barrons.com]
▶ Trump's Puerto Rico Comments Hit Bond Insurer Stocks   [11:41AM  The Wall Street Journal]
▶ [$$] Hartford Downgraded Further Into Junk Status   [Sep-27-17 12:39AM  The Wall Street Journal]
▶ [$$] Hartford Downgraded Further Into Junk Status   [Sep-26-17 06:08PM  The Wall Street Journal]
▶ Assured Guaranty posts 2Q profit   [Aug-02-17 10:54PM  Associated Press]
▶ [$$] Investors Raise Bets Against Bond Insurers   [Aug-01-17 06:58PM  The Wall Street Journal]
▶ [$$] Puerto Rico's New Opportunities   [Jul-15-17 12:01AM  Barrons.com]
Financial statements of AGO
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.