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Assured Guaranty, LTD - AGO STOCK NEWS

Welcome to our dedicated page for Assured Guaranty news (Ticker: AGO), a resource for investors and traders seeking the latest updates and insights on Assured Guaranty stock.

Assured Guaranty Ltd. (NYSE: AGO) is a leading provider of financial guaranty insurance. The company guarantees the timely payment of scheduled principal and interest on municipal, public infrastructure, and structured finance obligations. Operating primarily through its subsidiaries, Assured Guaranty serves both the U.S. and international markets, offering credit enhancement products that improve the creditworthiness of bonds and other financial instruments.

Assured Guaranty operates in two main segments: Insurance and Asset Management. The Insurance segment predominantly drives the company's revenue by insuring municipal bonds and infrastructure projects, while the Asset Management segment focuses on managing assets across collateralized loan obligations and other investment funds.

The company's recent activities highlight its robust market presence and strategic initiatives. For instance, Assured Guaranty Municipal Corp. (AGM) insured $800 million in bonds for the New York Transportation Development Corporation to support the JFK Airport's New Terminal One Project. Additionally, Assured Guaranty (Europe) SA secured a €93.7 million loan for Metro de Madrid, demonstrating its significant role in facilitating major infrastructure projects.

Financially, Assured Guaranty remains strong, with a solid track record of profitability and shareholder value enhancement. The company declared a quarterly dividend increase to $0.31 per common share, reflecting its commitment to returning value to shareholders. Furthermore, Assured Guaranty's financial performance in the fourth quarter of 2023 was impressive, with GAAP net income of $376 million and adjusted operating income of $338 million.

Assured Guaranty's strategic transactions, such as its collaboration with Sound Point Capital Management, indicate its proactive approach to expanding its asset management capabilities. These efforts position the company well for future growth and underscore its adaptability in a dynamic financial landscape.

For more information, visit AssuredGuaranty.com.

News

Marc Livolsi to Lead Assured Guaranty’s Public Finance New Issue Marketing and Business Development

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Assured Guaranty Municipal Corp. and Assured Guaranty Corp. announce leadership changes within their public finance teams, with Marc Livolsi and Evan Boulukos taking on new roles. Paige Litten also joins as a Director. The company aims to strengthen its market leadership position and enhance services to municipal market participants.
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Assured Guaranty Hires Melissa Gribble to Lead Business Development in Australia

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Assured Guaranty Ltd. (AGO) hires Melissa Gribble to expand its reach in the Australian market. Ms. Gribble, with extensive experience in global financial markets, will focus on origination activities in infrastructure, utilities, and structured finance markets. Assured Guaranty aims to tap into the Australian financial markets with its financial guarantees, protecting investors and enhancing cost-efficiency in financings.
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Assured Guaranty Ltd. Reports Results for Fourth Quarter 2023 and Full Year 2023

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Assured Guaranty Ltd. (AGO) reported strong financial results for the fourth quarter and full year 2023, with net income of $376 million and $739 million, respectively. Adjusted operating income was $338 million and $648 million for the same periods. The company returned $126 million and $267 million to shareholders in the fourth quarter and full year 2023, respectively. New business production for fourth quarter 2023 included gross written premiums of $136 million and a present value of new business production of $155 million.
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Assured Guaranty Ltd. Raises Quarterly Dividend by 11% to $0.31 per Common Share

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Assured Guaranty Ltd. (AGO) has increased its quarterly dividend by 11% to $0.31 per common share, continuing its trend of raising dividends annually since 2012. The dividend will be paid on March 20, 2024, to shareholders of record on March 6, 2024. Assured Guaranty provides credit enhancement products to various markets and is involved in asset management through Sound Point Capital Management, LP.
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Mark Batten Joins Assured Guaranty’s Board of Directors

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Assured Guaranty Ltd. (AGO) appoints Mark C. Batten as a non-executive director, effective February 19, 2024. Mr. Batten brings over 25 years of experience from PricewaterhouseCoopers LLP and various leadership roles in the financial and insurance sectors. His appointment aims to enhance Assured Guaranty's Board and global business strategy.
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Assured Guaranty Ltd. to Report Full Year and Fourth Quarter 2023 Financial Results on February 27, 2024

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Assured Guaranty Ltd. (AGO) to release financial results for full year and fourth quarter of 2023. Conference call scheduled for investors.
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Nicholas Proud Named Assured Guaranty’s Global Head of Origination

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Assured Guaranty Ltd. (NYSE:AGO) announced the promotion of Dominic Nathan to CEO of Assured Guaranty UK Limited (AGUK) and Head of International, while Nicholas Proud has been appointed Global Head of Origination for its financial guaranty business. The new position aims to enhance the company's strategic approach to generating new business and executing transactions in new asset classes and jurisdictions. Mr. Proud will now oversee the U.S. Public Finance business and work on developing new financial guaranty solutions, expanding reach into new markets, and increasing the presence in existing markets. Dominic Nathan, who has been with the company for over 20 years, is set to take over Mr. Proud's roles and is expected to continue building on the success of AGUK and execute the strategic objectives of the international business.
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Assured Guaranty Guarantees €93.7 Million Loan to Metro de Madrid, S.A.

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Assured Guaranty (Europe) SA (AGE) has guaranteed principal and interest payments on a €93.7 million loan to Metro de Madrid, S.A. The loan will be used to partially fund the acquisition of 80 new trains for the Madrid underground network. AGE's first transaction with the Borrower was provided by Bankinter, S.A. AGE's financial guarantee for borrowers looking to issue long term debt more cost-effectively is a key milestone in their strategy to strengthen their presence in the European market.
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Assured Guaranty Municipal Insures $800 Million of Bonds for JFK International Airport’s New Terminal One Project

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Assured Guaranty Municipal Corp. (AGM) insured $800 million of senior Special Facilities Revenue Bonds, Series 2023, part of a $2 billion issue of fixed-rate Green Bonds to refinance costs for the New Terminal One Project at JFK in New York City. The company played a significant role in optimizing the financing and delivering cost savings for large infrastructure projects.
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Assured Guaranty Wraps £140 million Fixed Rate Public Bond Issue for Heathrow Airport

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Assured Guaranty UK Limited (AGUK) has guaranteed £140 million of primary wrapped bonds issued by Heathrow Airport, rated AA by S&P Global Ratings. This financial guarantee provides a cost-effective solution to facilitate long-term financing for major airport borrowers. AGUK guarantees timely payments of principal and interest throughout the life of the bonds. The securities have been sold, and this announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
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FAQ

What is the current stock price of Assured Guaranty (AGO)?

The current stock price of Assured Guaranty (AGO) is $87.7 as of December 20, 2024.

What is the market cap of Assured Guaranty (AGO)?

The market cap of Assured Guaranty (AGO) is approximately 4.4B.

What does Assured Guaranty Ltd. do?

Assured Guaranty Ltd. provides financial guaranty insurance for municipal bonds, public infrastructure projects, and structured finance obligations, ensuring timely payment of principal and interest.

What are the main business segments of Assured Guaranty Ltd.?

Assured Guaranty operates in two primary segments: Insurance and Asset Management. The Insurance segment focuses on insuring municipal and infrastructure bonds, while the Asset Management segment manages assets across various investment funds.

What recent projects has Assured Guaranty been involved in?

Recently, Assured Guaranty has insured $800 million in bonds for New York's JFK Airport New Terminal One Project and secured a €93.7 million loan for Metro de Madrid.

How is Assured Guaranty's financial performance?

Assured Guaranty has demonstrated strong financial performance, with a GAAP net income of $376 million for Q4 2023 and a declared quarterly dividend increase to $0.31 per common share.

What strategic initiatives is Assured Guaranty pursuing?

Assured Guaranty is expanding its asset management capabilities through strategic transactions, such as its collaboration with Sound Point Capital Management, enhancing its growth prospects and adaptability.

Where can I find more information about Assured Guaranty?

More information about Assured Guaranty can be found on their official website at AssuredGuaranty.com.

What is Assured Guaranty's approach to dividend payments?

Assured Guaranty has a consistent track record of increasing dividends, having raised them every year since 2012. The latest declared quarterly dividend is $0.31 per common share.

How does Assured Guaranty support infrastructure projects?

Assured Guaranty supports infrastructure projects by providing municipal bond insurance, which enhances the creditworthiness of bonds issued for funding significant infrastructure developments.

What is Assured Guaranty's market position?

Assured Guaranty is a leading player in the financial guaranty insurance market, with a strong presence in the U.S. and international public finance sectors.

How has Assured Guaranty adapted to market changes?

Assured Guaranty has adapted to market changes through strategic asset management initiatives, partnerships, and expanding its global underwriting strategy to capitalize on new opportunities.

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Assured Guaranty, LTD

NYSE:AGO

AGO Rankings

#1363 Ranked by Market Cap
#1630 Ranked by Dividends

AGO Stock Data

4.42B
47.69M
6.35%
94.43%
1.76%
Insurance - Specialty
Surety Insurance
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United States of America
HAMILTON BERMUDA