Assured Guaranty（DHU）株式概要アシュアード・ギャランティ・リミテッドはその子会社とともに、米国内外の公的金融およびストラクチャード・ファイナンス市場に信用保証商品を提供している。 詳細DHU ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長0/6過去の実績2/6財務の健全性4/6配当金5/6報酬当社が推定した公正価値より66.9%で取引されている 1.87%の安定した配当金を支払う 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均0.7%減少すると予測されている。 過去3か月間に大規模なインサイダー売却が発生 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るDHU Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW490,015 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeINBLROAG490,015 investors already sharing narrativesYour Fair Value€Current Price€67.0036.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue US$1.1bEarnings US$551.0mAdvancedSet Fair ValueView all narrativesAssured Guaranty Ltd. 競合他社Wüstenrot & WürttembergischeSymbol: XTRA:WUWMarket cap: €1.4bNÜRNBERGER Beteiligungs-AGSymbol: XTRA:NBG6Market cap: €1.4bHannover RückSymbol: XTRA:HNR1Market cap: €29.4bTalanxSymbol: XTRA:TLXMarket cap: €28.7b価格と性能株価の高値、安値、推移の概要Assured Guaranty過去の株価現在の株価US$67.0052週高値US$78.5052週安値US$60.50ベータ0.761ヶ月の変化9.84%3ヶ月変化-4.29%1年変化-6.29%3年間の変化32.67%5年間の変化78.19%IPOからの変化341.66%最新ニュースお知らせ • Jun 29Assured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic IndexAssured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic IndexNew Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€16m sold).Recent Insider Transactions • May 20Chief Operating Officer recently sold €3.3m worth of stockOn the 11th of May, Robert Bailenson sold around 50k shares on-market at roughly €66.71 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by €6.1m.お知らせ • May 02Assured Guaranty Ltd. announces Quarterly dividend, payable on May 29, 2026Assured Guaranty Ltd. announced Quarterly dividend of USD 0.3800 per share payable on May 29, 2026, ex-date on May 15, 2026 and record date on May 15, 2026.お知らせ • Apr 23Assured Guaranty Ltd. to Report Q1, 2026 Results on May 07, 2026Assured Guaranty Ltd. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026お知らせ • Mar 20Assured Guaranty Ltd. Announces Retirement of Stephen Donnarumma as Chief Credit Officer, Effective September 30, 2026Assured Guaranty Ltd. announced that on March 13, 2026, Stephen Donnarumma, the Chief Credit Officer of Assured Guaranty Ltd., notified the Company of his decision to retire from his position, effective September 30, 2026. From October 1, 2026 until April 2, 2027, Mr. Donnarumma will continue to serve the Company as a senior advisor to its Chief Executive Officer. Mr. Donnarumma joined the Company in 1993 and has served as Chief Credit Officer of Assured Guaranty Inc., a wholly owned subsidiary of Assured Guaranty Ltd., since 2007 and as Chief Credit Officer of Assured Guaranty Ltd. since 2018.最新情報をもっと見るRecent updatesお知らせ • Jun 29Assured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic IndexAssured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic IndexNew Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€16m sold).Recent Insider Transactions • May 20Chief Operating Officer recently sold €3.3m worth of stockOn the 11th of May, Robert Bailenson sold around 50k shares on-market at roughly €66.71 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by €6.1m.お知らせ • May 02Assured Guaranty Ltd. announces Quarterly dividend, payable on May 29, 2026Assured Guaranty Ltd. announced Quarterly dividend of USD 0.3800 per share payable on May 29, 2026, ex-date on May 15, 2026 and record date on May 15, 2026.お知らせ • Apr 23Assured Guaranty Ltd. to Report Q1, 2026 Results on May 07, 2026Assured Guaranty Ltd. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026お知らせ • Mar 20Assured Guaranty Ltd. Announces Retirement of Stephen Donnarumma as Chief Credit Officer, Effective September 30, 2026Assured Guaranty Ltd. announced that on March 13, 2026, Stephen Donnarumma, the Chief Credit Officer of Assured Guaranty Ltd., notified the Company of his decision to retire from his position, effective September 30, 2026. From October 1, 2026 until April 2, 2027, Mr. Donnarumma will continue to serve the Company as a senior advisor to its Chief Executive Officer. Mr. Donnarumma joined the Company in 1993 and has served as Chief Credit Officer of Assured Guaranty Inc., a wholly owned subsidiary of Assured Guaranty Ltd., since 2007 and as Chief Credit Officer of Assured Guaranty Ltd. since 2018.お知らせ • Mar 19Assured Guaranty Ltd., Annual General Meeting, May 01, 2026Assured Guaranty Ltd., Annual General Meeting, May 01, 2026. Location: 6 bevis marks, ec3a 7ba, united kingdom, london United Kingdomお知らせ • Feb 20Assured Guaranty Ltd. Raises Quarterly Dividend, Payable on March 20, 2026Assured Guaranty Ltd. declared a quarterly dividend of $0.38 per common share, an increase of 12% from the quarterly dividend of $0.34 per common share that was declared on November 5, 2025. The dividend is payable on March 20, 2026 to shareholders of record at the close of business on March 6, 2026.お知らせ • Feb 12Assured Guaranty Ltd. to Report Q4, 2025 Results on Feb 26, 2026Assured Guaranty Ltd. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2026お知らせ • Jan 22Assured Guaranty Ltd. (NYSE:AGO) acquired Warwick Re Limited from ITE Management L.P., Blue Owl GP Stakes V, Blue Owl Capital, Investment Arm, Axonic Capital LLC and Axonic Funding (Cayman) LP for approximately $160 million.Assured Guaranty Ltd. (NYSE:AGO) acquired Warwick Re Limited from ITE Management L.P., Blue Owl GP Stakes V, Blue Owl Capital, Investment Arm, Axonic Capital LLC and Axonic Funding (Cayman) LP for approximately $160 million on January 21, 2026. Insurance Advisory Partners LLC served as Assured Guaranty’s exclusive financial advisor on the acquisition, and Debevoise & Plimpton LLP and Conyers Dill and Pearman Limited acted as Assured Guaranty’s legal counsel. Assured Guaranty Ltd. (NYSE:AGO) completed the acquisition of Warwick Re Limited from ITE Management L.P., Blue Owl GP Stakes V, Blue Owl Capital, Investment Arm, Axonic Capital LLC and Axonic Funding (Cayman) LP on January 21, 2026.お知らせ • Nov 06Assured Guaranty Ltd. announces Quarterly dividend, payable on December 03, 2025Assured Guaranty Ltd. announced Quarterly dividend of USD 0.3400 per share payable on December 03, 2025, ex-date on November 19, 2025 and record date on November 19, 2025.お知らせ • Oct 23Assured Guaranty Ltd. to Report Q3, 2025 Results on Nov 06, 2025Assured Guaranty Ltd. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025お知らせ • Aug 06Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on September 3, 2025Assured Guaranty Ltd. declares a quarterly dividend of $0.34 per common share. The dividend is payable on September 3, 2025 to shareholders of record at the close of business on August 20, 2025.お知らせ • Jul 24Assured Guaranty Ltd. to Report Q2, 2025 Results on Aug 07, 2025Assured Guaranty Ltd. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 07, 2025お知らせ • May 06Assured Guaranty Ltd. Appoints Antonio (Tony) Ursano to its Board of Directors, Effective May 2, 2025Assured Guaranty Ltd. announced that Antonio (Tony) Ursano, Jr. has been elected to Assured Guaranty’s Board of Directors on May 2, 2025, bringing the total number of Board members to 10. He will serve on the Environmental and Social Responsibility, Finance and Risk Oversight committees. Mr. Ursano brings extensive experience in the insurance industry and investment banking business to the Assured Guaranty Board. In 2021, Mr. Ursano founded and began serving as managing partner of Insurance Advisory Partners, LLC. Prior to founding Insurance Advisory Partners, Mr. Ursano was the Group Chief Financial Officer of Hamilton Insurance Group Ltd., where he also served on its board of directors. Previously, Mr. Ursano was President of TigerRisk Partners and CEO and Founder of TigerRisk Capital Markets & Advisory, after having served as Head of Corporate Development for Willis Group and Founder and CEO of Willis Capital Markets & Advisory. Earlier, he served for 10 years as the Global Head of the Financial Institutions Group at Banc of America Securities, where he then became its Vice Chairman.お知らせ • May 02Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on May 30, 2025Assured Guaranty Ltd. declared a quarterly dividend of $0.34 per common share. The dividend is payable on May 30, 2025 to shareholders of record at the close of business on May 16, 2025.お知らせ • Apr 24Assured Guaranty Ltd. to Report Q1, 2025 Results on May 08, 2025Assured Guaranty Ltd. announced that they will report Q1, 2025 results at 4:00 PM, Eastern Standard Time on May 08, 2025お知らせ • Mar 20Assured Guaranty Ltd., Annual General Meeting, May 02, 2025Assured Guaranty Ltd., Annual General Meeting, May 02, 2025. Location: 6 bevis marks, ec3a 7ba, london, United Kingdomお知らせ • Feb 19Assured Guaranty Ltd. Declares Quarterly Dividend on Common Share, Payable on March 19, 2025Assured Guaranty Ltd. declared a quarterly dividend of $0.34 per common share, an increase of 10% from the quarterly dividend of $0.31per common share that was declared on November 8, 2024. The dividend is payable on March 19, 2025 to shareholders of record at the close of business on March 5, 2025.お知らせ • Feb 13Assured Guaranty Ltd. to Report Q4, 2024 Results on Feb 27, 2025Assured Guaranty Ltd. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 27, 2025Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: US$3.22 (vs US$2.65 in 3Q 2023)Third quarter 2024 results: EPS: US$3.22 (up from US$2.65 in 3Q 2023). Revenue: US$193.0m (up 1.0% from 3Q 2023). Net income: US$171.0m (up 10% from 3Q 2023). Profit margin: 89% (up from 81% in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Declared Dividend • Nov 12Second quarter dividend of US$0.31 announcedShareholders will receive a dividend of US$0.31. Ex-date: 22nd November 2024 Payment date: 6th December 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 53% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range.お知らせ • Nov 08Assured Guaranty Ltd. Declares Quarterly on Common Share, Payable on December 6, 2024Assured Guaranty Ltd. declared a quarterly dividend of $0.31 per common share. The dividend is payable on December 6, 2024 to shareholders of record at the close of business on November 22, 2024.お知らせ • Oct 24Assured Guaranty Ltd. to Report Q3, 2024 Results on Nov 11, 2024Assured Guaranty Ltd. announced that they will report Q3, 2024 results After-Market on Nov 11, 2024Recent Insider Transactions • Sep 09Deputy Chairman recently sold €2.2m worth of stockOn the 4th of September, Dominic Frederico sold around 31k shares on-market at roughly €72.20 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.9m. Dominic has been a net seller over the last 12 months, reducing personal holdings by €15m.Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: US$1.43 (vs US$2.10 in 2Q 2023)Second quarter 2024 results: EPS: US$1.43 (down from US$2.10 in 2Q 2023). Revenue: US$191.0m (down 45% from 2Q 2023). Net income: US$78.0m (down 37% from 2Q 2023). Profit margin: 41% (up from 36% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€5.4m sold).お知らせ • Jul 24Assured Guaranty Ltd. to Report Q2, 2024 Results on Aug 07, 2024Assured Guaranty Ltd. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2024Recent Insider Transactions • Jun 23Deputy Chairman recently sold €2.9m worth of stockOn the 20th of June, Dominic Frederico sold around 40k shares on-market at roughly €72.90 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dominic has been a net seller over the last 12 months, reducing personal holdings by €12m.Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Mark Batten was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • May 12Chief Operating Officer recently sold €2.2m worth of stockOn the 9th of May, Robert Bailenson sold around 30k shares on-market at roughly €74.19 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by €3.8m.Reported Earnings • May 08First quarter 2024 earnings released: EPS: US$1.94 (vs US$1.37 in 1Q 2023)First quarter 2024 results: EPS: US$1.94 (up from US$1.37 in 1Q 2023). Revenue: US$235.0m (up 27% from 1Q 2023). Net income: US$109.0m (up 35% from 1Q 2023). Profit margin: 46% (up from 44% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 05Fourth quarter dividend of US$0.31 announcedShareholders will receive a dividend of US$0.31. Ex-date: 14th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 44% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 03Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on May 29, 2024Assured Guaranty Ltd. declared a quarterly dividend of $0.31 per common share. The dividend is payable on May 29, 2024 to shareholders of record at the close of business on May 15, 2024.お知らせ • Apr 24Assured Guaranty Ltd. to Report Q1, 2024 Results on May 07, 2024Assured Guaranty Ltd. announced that they will report Q1, 2024 results After-Market on May 07, 2024お知らせ • Mar 27Assured Guaranty Announces Executive ChangesAssured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC) reported that Marc Livolsi, Managing Director, will assume leadership of Assured Guaranty's U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos, Managing Director, will lead Assured Guaranty's Secondary Markets desk. Additionally, Paige Litten has joined Assured Guaranty as a Director, reporting to Livolsi. Both Livolsi and Boulukos will report to Chris Chafizadeh, Senior Managing Director, Co-Head of Public Finance. In his new role, Livolsi will focus primarily on maintaining and expanding relationships with public finance professionals on sales and trading desks and executing new business originations across all public finance sectors, in addition to supporting Assured Guarantys investor outreach. Livolsi joined Assured Guaranty in July of 2023 after spending 25 years with Citibank, N.A., most recently as Managing Director, Municipal Markets Underwriting. Boulukos will manage Assured Guaranty's Secondary Markets desk, where he will be overseeing operations and building strategies to help drive increased secondary market penetration across all client segments. With over 23 years of experience in the municipal industry as a trader and portfolio manager, he joined the U.S. Public Finance team last year from Assured Guaranty's asset management business, adding his capital markets acumen to its team of public finance professionals. Litten will be responsible for originating new business along with deal execution and demonstrating Assured Guaranty's trading value across all public finance sectors, with a related focus on client and investor outreach. She joins Assured Guaranty from Citibank, N.A., where she worked since 2015, with the last eight years as Director, Municipal Underwriting.Recent Insider Transactions • Mar 22Deputy Chairman recently sold €4.7m worth of stockOn the 20th of March, Dominic Frederico sold around 55k shares on-market at roughly €85.14 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dominic has been a net seller over the last 12 months, reducing personal holdings by €9.5m.お知らせ • Mar 21Assured Guaranty Ltd., Annual General Meeting, May 02, 2024Assured Guaranty Ltd., Annual General Meeting, May 02, 2024, at 08:30 Coordinated Universal Time. Location: 6 Bevis Marks, London United Kingdom Agenda: To Elect the company's board of directors; to Approve, on an advisory basis, the compensation paid to AGL's named executive officers; to Approve the Assured Guaranty Ltd. 2024 Long-Term Incentive Plan; to Appoint PricewaterhouseCoopers LLP as AGL's independent auditor for the fiscal year ending December 31, 2024, and authorize the Board of Directors, acting through its Audit Committee, to set the fees for the independent auditor; to Direct AGL to vote for directors of, and the appointment of the independent auditor for, its subsidiary Assured Guaranty Re Ltd.; and to transact such other business, if any, as lawfully may be brought before the meeting.お知らせ • Mar 05Assured Guaranty Ltd. Hires Melissa Gribble to Lead Business Development in AustraliaAssured Guaranty Ltd. has hired Melissa Gribble to expand its reach within the Australian market. An Australian with decades of experience in global financial markets, Ms. Gribble is based in Sydney. She reports to U.K.-based Managing Director and Joint Head of Origination Suparna Dar. Ms. Gribble will have responsibility for Assured Guaranty’s origination activities in the Australian market, where the company’s financial guarantees have helped provide financing for the Port of Brisbane, Sydney Airport and other projects over the years. Ms. Gribble will focus on sourcing new opportunities for Assured Guaranty’s financial guarantee business in the infrastructure, utilities and structured finance markets. Ms. Gribble has extensive experience in debt and financial markets, capital raising and institutional banking, as well as in the strategic responsibilities of a chief executive tasked with building an operation from the ground up. Her broad experience includes managing origination teams in Australia, the United States, the United Kingdom and Hong Kong. Having served for seven years as Global Head of Financial and High-Grade Origination, Capital Markets, for National Australia Bank (NAB), she became Chief Executive Officer of a new financial services firm in 2021. Her NAB career spanned more than two decades and included such roles as Head of Bank Coverage-Australia and Head of Debt Capital Markets-North America. She holds a bachelor’s degree in Economics from the Australian National University, and a master’s degree in Applied Finance from Macquarie University.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: US$12.79 (vs US$1.96 in FY 2022)Full year 2023 results: EPS: US$12.79 (up from US$1.96 in FY 2022). Revenue: US$1.23b (up 51% from FY 2022). Net income: US$739.0m (up US$616.0m from FY 2022). Profit margin: 60% (up from 15% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 27Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 05 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%).Declared Dividend • Feb 25Third quarter dividend of US$0.31 announcedShareholders will receive a dividend of US$0.31. Ex-date: 5th March 2024 Payment date: 20th March 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 19% over the next 2 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.お知らせ • Feb 21Assured Guaranty Ltd. Declares A Quarterly Dividend on Common Share, Payable on March 20, 2024Assured Guaranty Ltd. declared a quarterly dividend of $0.31 per common share, an increase of 11% from the quarterly dividend of $0.28 per common share that was declared on November 1, 2023. The dividend is payable on March 20, 2024 to shareholders of record at the close of business on March 6, 2024.お知らせ • Feb 20Assured Guaranty Ltd Appoints Mark C. Batten as Non-Executive Director and Member of Audit, Risk Oversight and Finance CommitteesAssured Guaranty Ltd. announced that Mark C. Batten has been appointed as a non-executive director to Assured Guaranty’s Board of Directors (Board). Mr. Batten will serve on the Board’s Audit, Risk Oversight and Finance Committees. The appointment is effective as of February 19, 2024, and brings the total number of Board members to 12. Mr. Batten will also continue to serve as the non-executive Chair of the board of directors of Assured Guaranty (UK) Limited (AGUK), Assured Guaranty’s U.K. insurance subsidiary. For more than 25 years, Mr. Batten was a partner at PricewaterhouseCoopers LLP (PwC), retiring in 2017. He led a number of practices during his time at PwC, including Real Estate Restructuring, Insurance Restructuring and a Corporate Valuations practice. He acted for the UK and Irish Governments in relation to the restructuring of the banks following the Global Financial Crisis, as the Provisional Liquidator of Independent Insurance, and as a non-executive Director of PwC’s Bermuda based global insurance captive. In addition to his board responsibilities at Assured Guaranty and AGUK, Mr. Batten is a non-executive director of other financial services and real estate companies, including Picton Property Income Ltd, which is listed on the London Stock Exchange, and Weatherby’s Bank Ltd, a UK domiciled Private Bank. He also serves as Chair of the Governing Body of Westminster School.お知らせ • Feb 14Assured Guaranty Ltd. to Report Q4, 2023 Results on Feb 27, 2024Assured Guaranty Ltd. announced that they will report Q4, 2023 results at 4:00 PM, Eastern Standard Time on Feb 27, 2024お知らせ • Feb 08Assured Guaranty Ltd. Appoints Nicholas Proud as Global Head of OriginationAssured Guaranty Ltd. announced that Nicholas Proud has been appointed Global Head of Origination for its financial guaranty business. Mr. Proud is reporting to Chief Operating Officer Robert Bailenson. Mr. Proud led the successful rebuilding of Assured Guaranty’s UK and European infrastructure finance franchise in the wake of the global financial crisis and played a central role in the combination of AGUK’s operations with those of its three subsidiaries, and the establishment of Assured Guaranty’s French subsidiary, Assured Guaranty (Europe) SA (AGE). In 2019, Mr. Proud was named Senior Managing Director, International Infrastructure and Global Structured Finance. He has been CEO of AGUK and Senior Managing Director, International since 2010. He joined Assured Guaranty in 2001.New Risk • Jan 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 119% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€3.0m sold).Recent Insider Transactions • Dec 08Deputy Chairman recently sold €1.9m worth of stockOn the 6th of December, Dominic Frederico sold around 30k shares on-market at roughly €63.46 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.9m. Dominic has been a net seller over the last 12 months, reducing personal holdings by €4.8m.お知らせ • Nov 09Assured Guaranty Ltd. Announces CFO Changes, Effective on January 1, 2024Assured Guaranty Ltd. announced that, as of January 1, 2024, Chief Financial Officer Robert A. Bailenson will be appointed Chief Operating Officer, and Chief Actuary Benjamin G. Rosenblum will succeed him as Chief Financial Officer. As CFO, Mr. Rosenblum will assume responsibility for the operations of critical financial functions. As Chief Actuary, he has already been leading the Accounting, Financial Reporting, Sarbanes-Oxley controls, Portfolio Analytics and Quantitative Analytics departments and will continue to do so as CFO. In addition, he will oversee Treasury, Tax, and Investment Management. Mr. Bailenson has been with Assured Guaranty and its predecessor companies since 1990. He has been Chief Financial Officer of Assured Guaranty Ltd. since June 2011 and held a number of previous leadership positions with Assured Guaranty and its predecessor companies. He has been instrumental in some of the company’s most significant strategic initiatives, including the IPO of Assured Guaranty Ltd. and the acquisition of Financial Security Assurance Inc. (now Assured Guaranty Municipal Corp., or AGM), as well as acquisitions of other legacy financial guarantors. As CFO, he began the execution of capital management program in 2013, which has resulted in the repurchase of more than $4.8 billion of AGO common shares since then, led the execution of various Assured Guaranty debt offerings and refinancings, and he has been a leader in efforts to grow the Company’s asset management earnings. He also spearheaded myriad improvements to the Company’s accounting, disclosure, and treasury operations. Prior to joining the Company, he worked at Ernst & Young LLP. Mr. Rosenblum joined Assured Guaranty in 2004 and has been its Chief Actuary since 2010. In 2015, he also became Senior Managing Director in charge of Insurance Accounting and Financial Reporting. Prior to joining Assured Guaranty, he worked for nearly ten years as an actuary with his primary focus on loss reserving and developing actuarial systems and financial projections in the insurance industry. He has been an invaluable contributor to the Company’s risk analysis, loss projection and reserve calculations as it faced numerous business challenges over the years, including the global financial crisis of 2008, the integration of AGM in 2009, and the defaults of Detroit and Puerto Rico, for example. Most recently, he was instrumental in completing the transaction that resulted in the combination of Assured Investment Management with Sound Point Capital Management.お知らせ • Nov 08Assured Guaranty Ltd. Appoints Robert A. Bailenson as Chief Operating Officer, Effective on January 1, 2024Assured Guaranty Ltd. announced that, as of January 1, 2024, Chief Financial Officer Robert A. Bailenson will be appointed as Chief Operating Officer. As COO, Mr. Bailenson will be responsible for various strategic initiatives as Assured Guaranty seeks to grow its business and increase its returns through increased earnings from insurance and asset management, higher investment returns, and capital efficiencies. Specifically, he will assume responsibility over the company’s financial guaranty underwriting businesses and origination strategies worldwide, as well as other initiatives for revenue generation. He will also be in charge of Investor Relations and Corporate Communications, Information Technology, and the AG Analytics subsidiary. He will continue to work closely with President and CEO Dominic Frederico in setting the strategic direction of the Company and in the execution of corporate priorities.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: US$2.67 (vs US$0.18 in 3Q 2022)Third quarter 2023 results: EPS: US$2.67 (up from US$0.18 in 3Q 2022). Revenue: US$446.0m (up 295% from 3Q 2022). Net income: US$157.0m (up US$146.0m from 3Q 2022). Profit margin: 35% (up from 9.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 3.7%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Nov 07Upcoming dividend of US$0.28 per share at 1.7% yieldEligible shareholders must have bought the stock before 14 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%).お知らせ • Nov 02Assured Guaranty Ltd. Declares A Quarterly Dividend on Common Share, Payable on November 29, 2023Assured Guaranty Ltd. declared a quarterly dividend of $0.28 per common share. The dividend is payable on November 29, 2023 to shareholders of record at the close of business on November 15, 2023.お知らせ • Oct 24Assured Guaranty Ltd. to Report Q3, 2023 Results on Nov 07, 2023Assured Guaranty Ltd. announced that they will report Q3, 2023 results on Nov 07, 2023Recent Insider Transactions • Sep 17Deputy Chairman recently sold €2.9m worth of stockOn the 14th of September, Dominic Frederico sold around 50k shares on-market at roughly €57.39 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dominic's only on-market trade for the last 12 months.Recent Insider Transactions • Aug 25Chief Financial Officer recently sold €1.1m worth of stockOn the 23rd of August, Robert Bailenson sold around 20k shares on-market at roughly €52.78 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months.New Risk • Aug 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: US$2.11 (vs US$0.74 loss in 2Q 2022)Second quarter 2023 results: EPS: US$2.11 (up from US$0.74 loss in 2Q 2022). Revenue: US$326.0m (up 106% from 2Q 2022). Net income: US$125.0m (up US$172.0m from 2Q 2022). Profit margin: 38% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 08Upcoming dividend of US$0.28 per share at 1.8% yieldEligible shareholders must have bought the stock before 15 August 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%).お知らせ • Jul 25Assured Guaranty Ltd. to Report Q2, 2023 Results on Aug 08, 2023Assured Guaranty Ltd. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2023お知らせ • Jul 12Assured Guaranty Ltd. Announces Management ChangesAssured Guaranty Ltd. and David A. Buzen, the Company’s Chief Investment Officer, mutually and amicably agreed on July 6, 2023, that Mr. Buzen will separate from the Company, effective March 1, 2024. Effective August 1, 2023, Mr. Buzen will become the Company’s Senior Managing Director, Alternative Investments, focusing on special projects for the Company, and resign as the Company’s Chief Investment Officer and Head of Asset Management and as an executive officer of the Company. As Senior Managing Director, Alternative Investments, Mr. Buzen remains an officer of the Company. On July 7, 2023, the Company entered into a separation agreement with Mr. Buzen to document his right to compensation during the transition period and after separation, and his obligations to comply with certain restrictive covenants.Reported Earnings • May 10First quarter 2023 earnings released: EPS: US$1.37 (vs US$0.99 in 1Q 2022)First quarter 2023 results: EPS: US$1.37 (up from US$0.99 in 1Q 2022). Revenue: US$205.0m (down 35% from 1Q 2022). Net income: US$81.0m (up 23% from 1Q 2022). Profit margin: 40% (up from 21% in 1Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.Upcoming Dividend • May 09Upcoming dividend of US$0.28 per share at 2.1% yieldEligible shareholders must have bought the stock before 16 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%).お知らせ • May 04Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on May 31, 2023Assured Guaranty Ltd. declared a quarterly dividend of $0.28 per common share. The dividend is payable on May 31, 2023 to shareholders of record at the close of business on May 17, 2023.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €44.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 106% over the past three years.Reported Earnings • Mar 05Full year 2022 earnings released: EPS: US$1.96 (vs US$5.29 in FY 2021)Full year 2022 results: EPS: US$1.96 (down from US$5.29 in FY 2021). Revenue: US$818.0m (up 9.9% from FY 2021). Net income: US$123.0m (down 68% from FY 2021). Profit margin: 15% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 28Upcoming dividend of US$0.28 per share at 1.6% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%).お知らせ • Feb 15Assured Guaranty Ltd. to Report Q4, 2022 Results on Feb 28, 2023Assured Guaranty Ltd. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2023Recent Insider Transactions • Dec 10Chief Risk Officer recently sold €2.2m worth of stockOn the 1st of December, Howard Albert sold around 35k shares on-market at roughly €63.14 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months.お知らせ • Dec 10MBIA Reportedly Takeover Talks with RivalsMBIA Inc. (NYSE:MBI) rose 10% on speculation that the company has been approached by its rivals for a takeover. Assured Guaranty Ltd. (NYSE:AGO) and Ambac Financial Group, Inc. (NYSE:AMBC) made bids for MBIA and the talks are said to be in advanced stage, according to a Street Insider item.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.23 in 3Q 2021)Third quarter 2022 results: EPS: US$0.18 (down from US$0.23 in 3Q 2021). Revenue: US$113.0m (down 49% from 3Q 2021). Net income: US$11.0m (down 35% from 3Q 2021). Profit margin: 9.7% (up from 7.6% in 3Q 2021). Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Nov 08Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 15 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.8%).お知らせ • Nov 03Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on November 30, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share. The dividend is payable on November 30, 2022 to shareholders of record at the close of business on November 16, 2022.お知らせ • Oct 26Assured Guaranty Ltd. to Report Q3, 2022 Results on Nov 07, 2022Assured Guaranty Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 15% share price gain to €57.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 53% over the past three years.Recent Insider Transactions • Aug 11Insider recently bought €288k worth of stockOn the 5th of August, David Buzen bought around 6k shares on-market at roughly €49.72 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €12m more in shares than they bought in the last 12 months.Upcoming Dividend • Aug 09Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 16 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (5.2%).Reported Earnings • Aug 04Second quarter 2022 earnings released: US$0.74 loss per share (vs US$1.30 profit in 2Q 2021)Second quarter 2022 results: US$0.74 loss per share (down from US$1.30 profit in 2Q 2021). Revenue: US$158.0m (down 7.1% from 2Q 2021). Net loss: US$47.0m (down 148% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 6.2% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year.お知らせ • Aug 04Assured Guaranty Ltd. Declares A Quarterly Dividend, Payable on August 31, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share. The dividend is payable on August 31, 2022 to shareholders of record at the close ofbusiness on August 17, 2022.お知らせ • Jul 21Assured Guaranty Ltd. to Report Q2, 2022 Results on Aug 03, 2022Assured Guaranty Ltd. announced that they will report Q2, 2022 results on Aug 03, 2022Recent Insider Transactions • Jul 01Deputy Chairman recently sold €4.6m worth of stockOn the 27th of June, Dominic Frederico sold around 86k shares on-market at roughly €53.92 per share. This was the largest sale by an insider in the last 3 months. This was Dominic's only on-market trade for the last 12 months.Upcoming Dividend • May 10Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.1%).Reported Earnings • May 06First quarter 2022 earnings released: EPS: US$0.98 (vs US$0.14 in 1Q 2021)First quarter 2022 results: EPS: US$0.98 (up from US$0.14 in 1Q 2021). Revenue: US$316.0m (up 96% from 1Q 2021). Net income: US$66.0m (up US$55.0m from 1Q 2021). Profit margin: 21% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 8.6% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • May 05Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on June 1, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share. The dividend is payable on June 1, 2022 to shareholders of record at the close of business on May 18, 2022.お知らせ • Apr 22Assured Guaranty Ltd. to Report Q1, 2022 Results on May 05, 2022Assured Guaranty Ltd. announced that they will report Q1, 2022 results at 4:00 PM, US Eastern Standard Time on May 05, 2022Recent Insider Transactions • Apr 05Independent Director recently sold €213k worth of stockOn the 31st of March, George Buhl sold around 4k shares on-market at roughly €58.48 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.2m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months.Recent Insider Transactions • Mar 03Chief Risk Officer recently sold €3.2m worth of stockOn the 1st of March, Howard Albert sold around 60k shares on-market at roughly €53.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months.Upcoming Dividend • Mar 01Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 08 March 2022. Payment date: 23 March 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.2%).Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$5.46 (up from US$4.22 in FY 2020). Revenue: US$744.0m (down 28% from FY 2020). Net income: US$389.0m (up 7.8% from FY 2020). Profit margin: 52% (up from 35% in FY 2020). Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 7.8%, compared to a 17% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year.お知らせ • Feb 24Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on March 23, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share, an increase of 13.6% from the quarterly dividend of $0.22 per common share that was declared on November 1, 2021. The dividend is payable on March 23, 2022 to shareholders of record at the close of business on March 9, 2022.お知らせ • Feb 11Assured Guaranty Ltd. to Report Q4, 2021 Results on Feb 24, 2022Assured Guaranty Ltd. announced that they will report Q4, 2021 results After-Market on Feb 24, 2022Recent Insider Transactions • Nov 11Independent Director recently sold €937k worth of stockOn the 9th of November, George Buhl sold around 20k shares on-market at roughly €46.83 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months.Upcoming Dividend • Nov 09Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 16 November 2021. Payment date: 01 December 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%).Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS US$0.22 (vs US$1.03 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$223.0m (up 6.2% from 3Q 2020). Net income: US$17.0m (down 80% from 3Q 2020). Profit margin: 7.6% (down from 41% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 10Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 01 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS US$1.31 (vs US$2.10 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: US$170.0m (down 52% from 2Q 2020). Net income: US$98.0m (down 46% from 2Q 2020). Profit margin: 58% (up from 52% in 2Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.Recent Insider Transactions • May 19Chief Risk Officer recently sold €1.9m worth of stockOn the 13th of May, Howard Albert sold around 50k shares on-market at roughly €38.23 per share. In the last 3 months, there was an even bigger sale from another insider worth €4.4m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months.Upcoming Dividend • May 11Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 18 May 2021. Payment date: 02 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%).Reported Earnings • May 09First quarter 2021 earnings released: EPS US$0.14 (vs US$0.59 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$161.0m (down 1.2% from 1Q 2020). Net income: US$11.0m (up US$66.0m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.株主還元DHUDE InsuranceDE 市場7D2.3%2.5%0.6%1Y-6.3%7.5%1.1%株主還元を見る業界別リターン: DHU過去 1 年間で7.5 % の収益を上げたGerman Insurance業界を下回りました。リターン対市場: DHUは、過去 1 年間で1.1 % のリターンを上げたGerman市場を下回りました。価格変動Is DHU's price volatile compared to industry and market?DHU volatilityDHU Average Weekly Movement7.1%Insurance Industry Average Movement3.2%Market Average Movement5.6%10% most volatile stocks in DE Market13.4%10% least volatile stocks in DE Market2.7%安定した株価: DHU 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: DHUの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2003367Dominic Fredericoassuredguaranty.comアシュアード・ギャランティ・リミテッドは、その子会社とともに、米国内外のパブリック・ファイナンスおよびストラクチャード・ファイナンス市場に信用保護商品を提供している。保険とアセット・マネジメントの2つのセグメントを通じて事業を展開している。同社は金融保証保険を提供し、債務証書やその他の金銭債務の保有者を予定支払の不履行から保護している。また、金融保証の形で書かれたストラクチャード・ファイナンスのエクスポージャーと同様のリスク・プロファイルを持つ取引に関する特殊保険や再保険も提供し、再保険による信用保護も行っている。さらに、一般債、税担保債、地方公共団体債、交通債、医療債、高等教育債、インフラストラクチャー債、住宅収入債、投資家所有の公益債、再生可能エネルギー債、その他の公共債など、米国の様々な公共債の保険や再保険を提供している。さらに、規制公益事業債、インフラ・ファイナンス債、ソブリン債、サブソブリン債、再生可能エネルギー債、プール・インフラ債などの米国以外の公的金融債務、住宅ローン担保証券、生命保険取引、消費者債権証券、サブスクリプション・ファイナンス・ファシリティ、プール・コーポレート債務、金融商品などの米国および米国以外のストラクチャード・ファイナンス債務の保険および再保険にも携わっている。さらに、多角的不動産、保険証券化、企業債務プール、航空機残存価値保険（RVI）取引などの専門事業、および投資顧問サービスから成る資産運用サービスも提供している。アシュアード・ギャランティは、公的金融証券やストラクチャード・ファイナンス証券の発行体や引受人、投資家に直接金融保証保険を販売している。アシュアード・ギャランティ・リミテッドは2003年に設立され、バミューダのハミルトンに本社を置いている。もっと見るAssured Guaranty Ltd. 基礎のまとめAssured Guaranty の収益と売上を時価総額と比較するとどうか。DHU 基礎統計学時価総額€3.12b収益（TTM）€361.23m売上高(TTM)€715.42m8.8xPER（株価収益率4.4xP/SレシオDHU は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計DHU 損益計算書（TTM）収益US$814.00m売上原価US$55.00m売上総利益US$759.00mその他の費用US$348.00m収益US$411.00m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）9.29グロス・マージン93.24%純利益率50.49%有利子負債／自己資本比率30.6%DHU の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.9%現在の配当利回り16%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/01 17:53終値2026/07/01 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Assured Guaranty Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関Giuliano Anderes BolognaBTIGGiuliano Anderes BolognaCompass Point Research & Trading, LLCDarin AritaDeutsche Bank9 その他のアナリストを表示
お知らせ • Jun 29Assured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic IndexAssured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic Index
New Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€16m sold).
Recent Insider Transactions • May 20Chief Operating Officer recently sold €3.3m worth of stockOn the 11th of May, Robert Bailenson sold around 50k shares on-market at roughly €66.71 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by €6.1m.
お知らせ • May 02Assured Guaranty Ltd. announces Quarterly dividend, payable on May 29, 2026Assured Guaranty Ltd. announced Quarterly dividend of USD 0.3800 per share payable on May 29, 2026, ex-date on May 15, 2026 and record date on May 15, 2026.
お知らせ • Apr 23Assured Guaranty Ltd. to Report Q1, 2026 Results on May 07, 2026Assured Guaranty Ltd. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026
お知らせ • Mar 20Assured Guaranty Ltd. Announces Retirement of Stephen Donnarumma as Chief Credit Officer, Effective September 30, 2026Assured Guaranty Ltd. announced that on March 13, 2026, Stephen Donnarumma, the Chief Credit Officer of Assured Guaranty Ltd., notified the Company of his decision to retire from his position, effective September 30, 2026. From October 1, 2026 until April 2, 2027, Mr. Donnarumma will continue to serve the Company as a senior advisor to its Chief Executive Officer. Mr. Donnarumma joined the Company in 1993 and has served as Chief Credit Officer of Assured Guaranty Inc., a wholly owned subsidiary of Assured Guaranty Ltd., since 2007 and as Chief Credit Officer of Assured Guaranty Ltd. since 2018.
お知らせ • Jun 29Assured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic IndexAssured Guaranty Ltd.(NYSE:AGO) dropped from Russell 1000 Dynamic Index
New Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€16m sold).
Recent Insider Transactions • May 20Chief Operating Officer recently sold €3.3m worth of stockOn the 11th of May, Robert Bailenson sold around 50k shares on-market at roughly €66.71 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by €6.1m.
お知らせ • May 02Assured Guaranty Ltd. announces Quarterly dividend, payable on May 29, 2026Assured Guaranty Ltd. announced Quarterly dividend of USD 0.3800 per share payable on May 29, 2026, ex-date on May 15, 2026 and record date on May 15, 2026.
お知らせ • Apr 23Assured Guaranty Ltd. to Report Q1, 2026 Results on May 07, 2026Assured Guaranty Ltd. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026
お知らせ • Mar 20Assured Guaranty Ltd. Announces Retirement of Stephen Donnarumma as Chief Credit Officer, Effective September 30, 2026Assured Guaranty Ltd. announced that on March 13, 2026, Stephen Donnarumma, the Chief Credit Officer of Assured Guaranty Ltd., notified the Company of his decision to retire from his position, effective September 30, 2026. From October 1, 2026 until April 2, 2027, Mr. Donnarumma will continue to serve the Company as a senior advisor to its Chief Executive Officer. Mr. Donnarumma joined the Company in 1993 and has served as Chief Credit Officer of Assured Guaranty Inc., a wholly owned subsidiary of Assured Guaranty Ltd., since 2007 and as Chief Credit Officer of Assured Guaranty Ltd. since 2018.
お知らせ • Mar 19Assured Guaranty Ltd., Annual General Meeting, May 01, 2026Assured Guaranty Ltd., Annual General Meeting, May 01, 2026. Location: 6 bevis marks, ec3a 7ba, united kingdom, london United Kingdom
お知らせ • Feb 20Assured Guaranty Ltd. Raises Quarterly Dividend, Payable on March 20, 2026Assured Guaranty Ltd. declared a quarterly dividend of $0.38 per common share, an increase of 12% from the quarterly dividend of $0.34 per common share that was declared on November 5, 2025. The dividend is payable on March 20, 2026 to shareholders of record at the close of business on March 6, 2026.
お知らせ • Feb 12Assured Guaranty Ltd. to Report Q4, 2025 Results on Feb 26, 2026Assured Guaranty Ltd. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2026
お知らせ • Jan 22Assured Guaranty Ltd. (NYSE:AGO) acquired Warwick Re Limited from ITE Management L.P., Blue Owl GP Stakes V, Blue Owl Capital, Investment Arm, Axonic Capital LLC and Axonic Funding (Cayman) LP for approximately $160 million.Assured Guaranty Ltd. (NYSE:AGO) acquired Warwick Re Limited from ITE Management L.P., Blue Owl GP Stakes V, Blue Owl Capital, Investment Arm, Axonic Capital LLC and Axonic Funding (Cayman) LP for approximately $160 million on January 21, 2026. Insurance Advisory Partners LLC served as Assured Guaranty’s exclusive financial advisor on the acquisition, and Debevoise & Plimpton LLP and Conyers Dill and Pearman Limited acted as Assured Guaranty’s legal counsel. Assured Guaranty Ltd. (NYSE:AGO) completed the acquisition of Warwick Re Limited from ITE Management L.P., Blue Owl GP Stakes V, Blue Owl Capital, Investment Arm, Axonic Capital LLC and Axonic Funding (Cayman) LP on January 21, 2026.
お知らせ • Nov 06Assured Guaranty Ltd. announces Quarterly dividend, payable on December 03, 2025Assured Guaranty Ltd. announced Quarterly dividend of USD 0.3400 per share payable on December 03, 2025, ex-date on November 19, 2025 and record date on November 19, 2025.
お知らせ • Oct 23Assured Guaranty Ltd. to Report Q3, 2025 Results on Nov 06, 2025Assured Guaranty Ltd. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025
お知らせ • Aug 06Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on September 3, 2025Assured Guaranty Ltd. declares a quarterly dividend of $0.34 per common share. The dividend is payable on September 3, 2025 to shareholders of record at the close of business on August 20, 2025.
お知らせ • Jul 24Assured Guaranty Ltd. to Report Q2, 2025 Results on Aug 07, 2025Assured Guaranty Ltd. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 07, 2025
お知らせ • May 06Assured Guaranty Ltd. Appoints Antonio (Tony) Ursano to its Board of Directors, Effective May 2, 2025Assured Guaranty Ltd. announced that Antonio (Tony) Ursano, Jr. has been elected to Assured Guaranty’s Board of Directors on May 2, 2025, bringing the total number of Board members to 10. He will serve on the Environmental and Social Responsibility, Finance and Risk Oversight committees. Mr. Ursano brings extensive experience in the insurance industry and investment banking business to the Assured Guaranty Board. In 2021, Mr. Ursano founded and began serving as managing partner of Insurance Advisory Partners, LLC. Prior to founding Insurance Advisory Partners, Mr. Ursano was the Group Chief Financial Officer of Hamilton Insurance Group Ltd., where he also served on its board of directors. Previously, Mr. Ursano was President of TigerRisk Partners and CEO and Founder of TigerRisk Capital Markets & Advisory, after having served as Head of Corporate Development for Willis Group and Founder and CEO of Willis Capital Markets & Advisory. Earlier, he served for 10 years as the Global Head of the Financial Institutions Group at Banc of America Securities, where he then became its Vice Chairman.
お知らせ • May 02Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on May 30, 2025Assured Guaranty Ltd. declared a quarterly dividend of $0.34 per common share. The dividend is payable on May 30, 2025 to shareholders of record at the close of business on May 16, 2025.
お知らせ • Apr 24Assured Guaranty Ltd. to Report Q1, 2025 Results on May 08, 2025Assured Guaranty Ltd. announced that they will report Q1, 2025 results at 4:00 PM, Eastern Standard Time on May 08, 2025
お知らせ • Mar 20Assured Guaranty Ltd., Annual General Meeting, May 02, 2025Assured Guaranty Ltd., Annual General Meeting, May 02, 2025. Location: 6 bevis marks, ec3a 7ba, london, United Kingdom
お知らせ • Feb 19Assured Guaranty Ltd. Declares Quarterly Dividend on Common Share, Payable on March 19, 2025Assured Guaranty Ltd. declared a quarterly dividend of $0.34 per common share, an increase of 10% from the quarterly dividend of $0.31per common share that was declared on November 8, 2024. The dividend is payable on March 19, 2025 to shareholders of record at the close of business on March 5, 2025.
お知らせ • Feb 13Assured Guaranty Ltd. to Report Q4, 2024 Results on Feb 27, 2025Assured Guaranty Ltd. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 27, 2025
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: US$3.22 (vs US$2.65 in 3Q 2023)Third quarter 2024 results: EPS: US$3.22 (up from US$2.65 in 3Q 2023). Revenue: US$193.0m (up 1.0% from 3Q 2023). Net income: US$171.0m (up 10% from 3Q 2023). Profit margin: 89% (up from 81% in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Nov 12Second quarter dividend of US$0.31 announcedShareholders will receive a dividend of US$0.31. Ex-date: 22nd November 2024 Payment date: 6th December 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 53% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Nov 08Assured Guaranty Ltd. Declares Quarterly on Common Share, Payable on December 6, 2024Assured Guaranty Ltd. declared a quarterly dividend of $0.31 per common share. The dividend is payable on December 6, 2024 to shareholders of record at the close of business on November 22, 2024.
お知らせ • Oct 24Assured Guaranty Ltd. to Report Q3, 2024 Results on Nov 11, 2024Assured Guaranty Ltd. announced that they will report Q3, 2024 results After-Market on Nov 11, 2024
Recent Insider Transactions • Sep 09Deputy Chairman recently sold €2.2m worth of stockOn the 4th of September, Dominic Frederico sold around 31k shares on-market at roughly €72.20 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.9m. Dominic has been a net seller over the last 12 months, reducing personal holdings by €15m.
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: US$1.43 (vs US$2.10 in 2Q 2023)Second quarter 2024 results: EPS: US$1.43 (down from US$2.10 in 2Q 2023). Revenue: US$191.0m (down 45% from 2Q 2023). Net income: US$78.0m (down 37% from 2Q 2023). Profit margin: 41% (up from 36% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€5.4m sold).
お知らせ • Jul 24Assured Guaranty Ltd. to Report Q2, 2024 Results on Aug 07, 2024Assured Guaranty Ltd. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2024
Recent Insider Transactions • Jun 23Deputy Chairman recently sold €2.9m worth of stockOn the 20th of June, Dominic Frederico sold around 40k shares on-market at roughly €72.90 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dominic has been a net seller over the last 12 months, reducing personal holdings by €12m.
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Mark Batten was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • May 12Chief Operating Officer recently sold €2.2m worth of stockOn the 9th of May, Robert Bailenson sold around 30k shares on-market at roughly €74.19 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by €3.8m.
Reported Earnings • May 08First quarter 2024 earnings released: EPS: US$1.94 (vs US$1.37 in 1Q 2023)First quarter 2024 results: EPS: US$1.94 (up from US$1.37 in 1Q 2023). Revenue: US$235.0m (up 27% from 1Q 2023). Net income: US$109.0m (up 35% from 1Q 2023). Profit margin: 46% (up from 44% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 05Fourth quarter dividend of US$0.31 announcedShareholders will receive a dividend of US$0.31. Ex-date: 14th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 44% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 03Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on May 29, 2024Assured Guaranty Ltd. declared a quarterly dividend of $0.31 per common share. The dividend is payable on May 29, 2024 to shareholders of record at the close of business on May 15, 2024.
お知らせ • Apr 24Assured Guaranty Ltd. to Report Q1, 2024 Results on May 07, 2024Assured Guaranty Ltd. announced that they will report Q1, 2024 results After-Market on May 07, 2024
お知らせ • Mar 27Assured Guaranty Announces Executive ChangesAssured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC) reported that Marc Livolsi, Managing Director, will assume leadership of Assured Guaranty's U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos, Managing Director, will lead Assured Guaranty's Secondary Markets desk. Additionally, Paige Litten has joined Assured Guaranty as a Director, reporting to Livolsi. Both Livolsi and Boulukos will report to Chris Chafizadeh, Senior Managing Director, Co-Head of Public Finance. In his new role, Livolsi will focus primarily on maintaining and expanding relationships with public finance professionals on sales and trading desks and executing new business originations across all public finance sectors, in addition to supporting Assured Guarantys investor outreach. Livolsi joined Assured Guaranty in July of 2023 after spending 25 years with Citibank, N.A., most recently as Managing Director, Municipal Markets Underwriting. Boulukos will manage Assured Guaranty's Secondary Markets desk, where he will be overseeing operations and building strategies to help drive increased secondary market penetration across all client segments. With over 23 years of experience in the municipal industry as a trader and portfolio manager, he joined the U.S. Public Finance team last year from Assured Guaranty's asset management business, adding his capital markets acumen to its team of public finance professionals. Litten will be responsible for originating new business along with deal execution and demonstrating Assured Guaranty's trading value across all public finance sectors, with a related focus on client and investor outreach. She joins Assured Guaranty from Citibank, N.A., where she worked since 2015, with the last eight years as Director, Municipal Underwriting.
Recent Insider Transactions • Mar 22Deputy Chairman recently sold €4.7m worth of stockOn the 20th of March, Dominic Frederico sold around 55k shares on-market at roughly €85.14 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dominic has been a net seller over the last 12 months, reducing personal holdings by €9.5m.
お知らせ • Mar 21Assured Guaranty Ltd., Annual General Meeting, May 02, 2024Assured Guaranty Ltd., Annual General Meeting, May 02, 2024, at 08:30 Coordinated Universal Time. Location: 6 Bevis Marks, London United Kingdom Agenda: To Elect the company's board of directors; to Approve, on an advisory basis, the compensation paid to AGL's named executive officers; to Approve the Assured Guaranty Ltd. 2024 Long-Term Incentive Plan; to Appoint PricewaterhouseCoopers LLP as AGL's independent auditor for the fiscal year ending December 31, 2024, and authorize the Board of Directors, acting through its Audit Committee, to set the fees for the independent auditor; to Direct AGL to vote for directors of, and the appointment of the independent auditor for, its subsidiary Assured Guaranty Re Ltd.; and to transact such other business, if any, as lawfully may be brought before the meeting.
お知らせ • Mar 05Assured Guaranty Ltd. Hires Melissa Gribble to Lead Business Development in AustraliaAssured Guaranty Ltd. has hired Melissa Gribble to expand its reach within the Australian market. An Australian with decades of experience in global financial markets, Ms. Gribble is based in Sydney. She reports to U.K.-based Managing Director and Joint Head of Origination Suparna Dar. Ms. Gribble will have responsibility for Assured Guaranty’s origination activities in the Australian market, where the company’s financial guarantees have helped provide financing for the Port of Brisbane, Sydney Airport and other projects over the years. Ms. Gribble will focus on sourcing new opportunities for Assured Guaranty’s financial guarantee business in the infrastructure, utilities and structured finance markets. Ms. Gribble has extensive experience in debt and financial markets, capital raising and institutional banking, as well as in the strategic responsibilities of a chief executive tasked with building an operation from the ground up. Her broad experience includes managing origination teams in Australia, the United States, the United Kingdom and Hong Kong. Having served for seven years as Global Head of Financial and High-Grade Origination, Capital Markets, for National Australia Bank (NAB), she became Chief Executive Officer of a new financial services firm in 2021. Her NAB career spanned more than two decades and included such roles as Head of Bank Coverage-Australia and Head of Debt Capital Markets-North America. She holds a bachelor’s degree in Economics from the Australian National University, and a master’s degree in Applied Finance from Macquarie University.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: US$12.79 (vs US$1.96 in FY 2022)Full year 2023 results: EPS: US$12.79 (up from US$1.96 in FY 2022). Revenue: US$1.23b (up 51% from FY 2022). Net income: US$739.0m (up US$616.0m from FY 2022). Profit margin: 60% (up from 15% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 27Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 05 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%).
Declared Dividend • Feb 25Third quarter dividend of US$0.31 announcedShareholders will receive a dividend of US$0.31. Ex-date: 5th March 2024 Payment date: 20th March 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 19% over the next 2 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Feb 21Assured Guaranty Ltd. Declares A Quarterly Dividend on Common Share, Payable on March 20, 2024Assured Guaranty Ltd. declared a quarterly dividend of $0.31 per common share, an increase of 11% from the quarterly dividend of $0.28 per common share that was declared on November 1, 2023. The dividend is payable on March 20, 2024 to shareholders of record at the close of business on March 6, 2024.
お知らせ • Feb 20Assured Guaranty Ltd Appoints Mark C. Batten as Non-Executive Director and Member of Audit, Risk Oversight and Finance CommitteesAssured Guaranty Ltd. announced that Mark C. Batten has been appointed as a non-executive director to Assured Guaranty’s Board of Directors (Board). Mr. Batten will serve on the Board’s Audit, Risk Oversight and Finance Committees. The appointment is effective as of February 19, 2024, and brings the total number of Board members to 12. Mr. Batten will also continue to serve as the non-executive Chair of the board of directors of Assured Guaranty (UK) Limited (AGUK), Assured Guaranty’s U.K. insurance subsidiary. For more than 25 years, Mr. Batten was a partner at PricewaterhouseCoopers LLP (PwC), retiring in 2017. He led a number of practices during his time at PwC, including Real Estate Restructuring, Insurance Restructuring and a Corporate Valuations practice. He acted for the UK and Irish Governments in relation to the restructuring of the banks following the Global Financial Crisis, as the Provisional Liquidator of Independent Insurance, and as a non-executive Director of PwC’s Bermuda based global insurance captive. In addition to his board responsibilities at Assured Guaranty and AGUK, Mr. Batten is a non-executive director of other financial services and real estate companies, including Picton Property Income Ltd, which is listed on the London Stock Exchange, and Weatherby’s Bank Ltd, a UK domiciled Private Bank. He also serves as Chair of the Governing Body of Westminster School.
お知らせ • Feb 14Assured Guaranty Ltd. to Report Q4, 2023 Results on Feb 27, 2024Assured Guaranty Ltd. announced that they will report Q4, 2023 results at 4:00 PM, Eastern Standard Time on Feb 27, 2024
お知らせ • Feb 08Assured Guaranty Ltd. Appoints Nicholas Proud as Global Head of OriginationAssured Guaranty Ltd. announced that Nicholas Proud has been appointed Global Head of Origination for its financial guaranty business. Mr. Proud is reporting to Chief Operating Officer Robert Bailenson. Mr. Proud led the successful rebuilding of Assured Guaranty’s UK and European infrastructure finance franchise in the wake of the global financial crisis and played a central role in the combination of AGUK’s operations with those of its three subsidiaries, and the establishment of Assured Guaranty’s French subsidiary, Assured Guaranty (Europe) SA (AGE). In 2019, Mr. Proud was named Senior Managing Director, International Infrastructure and Global Structured Finance. He has been CEO of AGUK and Senior Managing Director, International since 2010. He joined Assured Guaranty in 2001.
New Risk • Jan 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 119% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€3.0m sold).
Recent Insider Transactions • Dec 08Deputy Chairman recently sold €1.9m worth of stockOn the 6th of December, Dominic Frederico sold around 30k shares on-market at roughly €63.46 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.9m. Dominic has been a net seller over the last 12 months, reducing personal holdings by €4.8m.
お知らせ • Nov 09Assured Guaranty Ltd. Announces CFO Changes, Effective on January 1, 2024Assured Guaranty Ltd. announced that, as of January 1, 2024, Chief Financial Officer Robert A. Bailenson will be appointed Chief Operating Officer, and Chief Actuary Benjamin G. Rosenblum will succeed him as Chief Financial Officer. As CFO, Mr. Rosenblum will assume responsibility for the operations of critical financial functions. As Chief Actuary, he has already been leading the Accounting, Financial Reporting, Sarbanes-Oxley controls, Portfolio Analytics and Quantitative Analytics departments and will continue to do so as CFO. In addition, he will oversee Treasury, Tax, and Investment Management. Mr. Bailenson has been with Assured Guaranty and its predecessor companies since 1990. He has been Chief Financial Officer of Assured Guaranty Ltd. since June 2011 and held a number of previous leadership positions with Assured Guaranty and its predecessor companies. He has been instrumental in some of the company’s most significant strategic initiatives, including the IPO of Assured Guaranty Ltd. and the acquisition of Financial Security Assurance Inc. (now Assured Guaranty Municipal Corp., or AGM), as well as acquisitions of other legacy financial guarantors. As CFO, he began the execution of capital management program in 2013, which has resulted in the repurchase of more than $4.8 billion of AGO common shares since then, led the execution of various Assured Guaranty debt offerings and refinancings, and he has been a leader in efforts to grow the Company’s asset management earnings. He also spearheaded myriad improvements to the Company’s accounting, disclosure, and treasury operations. Prior to joining the Company, he worked at Ernst & Young LLP. Mr. Rosenblum joined Assured Guaranty in 2004 and has been its Chief Actuary since 2010. In 2015, he also became Senior Managing Director in charge of Insurance Accounting and Financial Reporting. Prior to joining Assured Guaranty, he worked for nearly ten years as an actuary with his primary focus on loss reserving and developing actuarial systems and financial projections in the insurance industry. He has been an invaluable contributor to the Company’s risk analysis, loss projection and reserve calculations as it faced numerous business challenges over the years, including the global financial crisis of 2008, the integration of AGM in 2009, and the defaults of Detroit and Puerto Rico, for example. Most recently, he was instrumental in completing the transaction that resulted in the combination of Assured Investment Management with Sound Point Capital Management.
お知らせ • Nov 08Assured Guaranty Ltd. Appoints Robert A. Bailenson as Chief Operating Officer, Effective on January 1, 2024Assured Guaranty Ltd. announced that, as of January 1, 2024, Chief Financial Officer Robert A. Bailenson will be appointed as Chief Operating Officer. As COO, Mr. Bailenson will be responsible for various strategic initiatives as Assured Guaranty seeks to grow its business and increase its returns through increased earnings from insurance and asset management, higher investment returns, and capital efficiencies. Specifically, he will assume responsibility over the company’s financial guaranty underwriting businesses and origination strategies worldwide, as well as other initiatives for revenue generation. He will also be in charge of Investor Relations and Corporate Communications, Information Technology, and the AG Analytics subsidiary. He will continue to work closely with President and CEO Dominic Frederico in setting the strategic direction of the Company and in the execution of corporate priorities.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: US$2.67 (vs US$0.18 in 3Q 2022)Third quarter 2023 results: EPS: US$2.67 (up from US$0.18 in 3Q 2022). Revenue: US$446.0m (up 295% from 3Q 2022). Net income: US$157.0m (up US$146.0m from 3Q 2022). Profit margin: 35% (up from 9.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 3.7%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Nov 07Upcoming dividend of US$0.28 per share at 1.7% yieldEligible shareholders must have bought the stock before 14 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%).
お知らせ • Nov 02Assured Guaranty Ltd. Declares A Quarterly Dividend on Common Share, Payable on November 29, 2023Assured Guaranty Ltd. declared a quarterly dividend of $0.28 per common share. The dividend is payable on November 29, 2023 to shareholders of record at the close of business on November 15, 2023.
お知らせ • Oct 24Assured Guaranty Ltd. to Report Q3, 2023 Results on Nov 07, 2023Assured Guaranty Ltd. announced that they will report Q3, 2023 results on Nov 07, 2023
Recent Insider Transactions • Sep 17Deputy Chairman recently sold €2.9m worth of stockOn the 14th of September, Dominic Frederico sold around 50k shares on-market at roughly €57.39 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dominic's only on-market trade for the last 12 months.
Recent Insider Transactions • Aug 25Chief Financial Officer recently sold €1.1m worth of stockOn the 23rd of August, Robert Bailenson sold around 20k shares on-market at roughly €52.78 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months.
New Risk • Aug 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: US$2.11 (vs US$0.74 loss in 2Q 2022)Second quarter 2023 results: EPS: US$2.11 (up from US$0.74 loss in 2Q 2022). Revenue: US$326.0m (up 106% from 2Q 2022). Net income: US$125.0m (up US$172.0m from 2Q 2022). Profit margin: 38% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 08Upcoming dividend of US$0.28 per share at 1.8% yieldEligible shareholders must have bought the stock before 15 August 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%).
お知らせ • Jul 25Assured Guaranty Ltd. to Report Q2, 2023 Results on Aug 08, 2023Assured Guaranty Ltd. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2023
お知らせ • Jul 12Assured Guaranty Ltd. Announces Management ChangesAssured Guaranty Ltd. and David A. Buzen, the Company’s Chief Investment Officer, mutually and amicably agreed on July 6, 2023, that Mr. Buzen will separate from the Company, effective March 1, 2024. Effective August 1, 2023, Mr. Buzen will become the Company’s Senior Managing Director, Alternative Investments, focusing on special projects for the Company, and resign as the Company’s Chief Investment Officer and Head of Asset Management and as an executive officer of the Company. As Senior Managing Director, Alternative Investments, Mr. Buzen remains an officer of the Company. On July 7, 2023, the Company entered into a separation agreement with Mr. Buzen to document his right to compensation during the transition period and after separation, and his obligations to comply with certain restrictive covenants.
Reported Earnings • May 10First quarter 2023 earnings released: EPS: US$1.37 (vs US$0.99 in 1Q 2022)First quarter 2023 results: EPS: US$1.37 (up from US$0.99 in 1Q 2022). Revenue: US$205.0m (down 35% from 1Q 2022). Net income: US$81.0m (up 23% from 1Q 2022). Profit margin: 40% (up from 21% in 1Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 09Upcoming dividend of US$0.28 per share at 2.1% yieldEligible shareholders must have bought the stock before 16 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%).
お知らせ • May 04Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on May 31, 2023Assured Guaranty Ltd. declared a quarterly dividend of $0.28 per common share. The dividend is payable on May 31, 2023 to shareholders of record at the close of business on May 17, 2023.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €44.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 106% over the past three years.
Reported Earnings • Mar 05Full year 2022 earnings released: EPS: US$1.96 (vs US$5.29 in FY 2021)Full year 2022 results: EPS: US$1.96 (down from US$5.29 in FY 2021). Revenue: US$818.0m (up 9.9% from FY 2021). Net income: US$123.0m (down 68% from FY 2021). Profit margin: 15% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 28Upcoming dividend of US$0.28 per share at 1.6% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%).
お知らせ • Feb 15Assured Guaranty Ltd. to Report Q4, 2022 Results on Feb 28, 2023Assured Guaranty Ltd. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2023
Recent Insider Transactions • Dec 10Chief Risk Officer recently sold €2.2m worth of stockOn the 1st of December, Howard Albert sold around 35k shares on-market at roughly €63.14 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months.
お知らせ • Dec 10MBIA Reportedly Takeover Talks with RivalsMBIA Inc. (NYSE:MBI) rose 10% on speculation that the company has been approached by its rivals for a takeover. Assured Guaranty Ltd. (NYSE:AGO) and Ambac Financial Group, Inc. (NYSE:AMBC) made bids for MBIA and the talks are said to be in advanced stage, according to a Street Insider item.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.23 in 3Q 2021)Third quarter 2022 results: EPS: US$0.18 (down from US$0.23 in 3Q 2021). Revenue: US$113.0m (down 49% from 3Q 2021). Net income: US$11.0m (down 35% from 3Q 2021). Profit margin: 9.7% (up from 7.6% in 3Q 2021). Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Nov 08Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 15 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.8%).
お知らせ • Nov 03Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on November 30, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share. The dividend is payable on November 30, 2022 to shareholders of record at the close of business on November 16, 2022.
お知らせ • Oct 26Assured Guaranty Ltd. to Report Q3, 2022 Results on Nov 07, 2022Assured Guaranty Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 15% share price gain to €57.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 53% over the past three years.
Recent Insider Transactions • Aug 11Insider recently bought €288k worth of stockOn the 5th of August, David Buzen bought around 6k shares on-market at roughly €49.72 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €12m more in shares than they bought in the last 12 months.
Upcoming Dividend • Aug 09Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 16 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (5.2%).
Reported Earnings • Aug 04Second quarter 2022 earnings released: US$0.74 loss per share (vs US$1.30 profit in 2Q 2021)Second quarter 2022 results: US$0.74 loss per share (down from US$1.30 profit in 2Q 2021). Revenue: US$158.0m (down 7.1% from 2Q 2021). Net loss: US$47.0m (down 148% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 6.2% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year.
お知らせ • Aug 04Assured Guaranty Ltd. Declares A Quarterly Dividend, Payable on August 31, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share. The dividend is payable on August 31, 2022 to shareholders of record at the close ofbusiness on August 17, 2022.
お知らせ • Jul 21Assured Guaranty Ltd. to Report Q2, 2022 Results on Aug 03, 2022Assured Guaranty Ltd. announced that they will report Q2, 2022 results on Aug 03, 2022
Recent Insider Transactions • Jul 01Deputy Chairman recently sold €4.6m worth of stockOn the 27th of June, Dominic Frederico sold around 86k shares on-market at roughly €53.92 per share. This was the largest sale by an insider in the last 3 months. This was Dominic's only on-market trade for the last 12 months.
Upcoming Dividend • May 10Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.1%).
Reported Earnings • May 06First quarter 2022 earnings released: EPS: US$0.98 (vs US$0.14 in 1Q 2021)First quarter 2022 results: EPS: US$0.98 (up from US$0.14 in 1Q 2021). Revenue: US$316.0m (up 96% from 1Q 2021). Net income: US$66.0m (up US$55.0m from 1Q 2021). Profit margin: 21% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 8.6% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • May 05Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on June 1, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share. The dividend is payable on June 1, 2022 to shareholders of record at the close of business on May 18, 2022.
お知らせ • Apr 22Assured Guaranty Ltd. to Report Q1, 2022 Results on May 05, 2022Assured Guaranty Ltd. announced that they will report Q1, 2022 results at 4:00 PM, US Eastern Standard Time on May 05, 2022
Recent Insider Transactions • Apr 05Independent Director recently sold €213k worth of stockOn the 31st of March, George Buhl sold around 4k shares on-market at roughly €58.48 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.2m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months.
Recent Insider Transactions • Mar 03Chief Risk Officer recently sold €3.2m worth of stockOn the 1st of March, Howard Albert sold around 60k shares on-market at roughly €53.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months.
Upcoming Dividend • Mar 01Upcoming dividend of US$0.25 per shareEligible shareholders must have bought the stock before 08 March 2022. Payment date: 23 March 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.2%).
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$5.46 (up from US$4.22 in FY 2020). Revenue: US$744.0m (down 28% from FY 2020). Net income: US$389.0m (up 7.8% from FY 2020). Profit margin: 52% (up from 35% in FY 2020). Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 7.8%, compared to a 17% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Feb 24Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on March 23, 2022Assured Guaranty Ltd. declared a quarterly dividend of $0.25 per common share, an increase of 13.6% from the quarterly dividend of $0.22 per common share that was declared on November 1, 2021. The dividend is payable on March 23, 2022 to shareholders of record at the close of business on March 9, 2022.
お知らせ • Feb 11Assured Guaranty Ltd. to Report Q4, 2021 Results on Feb 24, 2022Assured Guaranty Ltd. announced that they will report Q4, 2021 results After-Market on Feb 24, 2022
Recent Insider Transactions • Nov 11Independent Director recently sold €937k worth of stockOn the 9th of November, George Buhl sold around 20k shares on-market at roughly €46.83 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months.
Upcoming Dividend • Nov 09Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 16 November 2021. Payment date: 01 December 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%).
Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS US$0.22 (vs US$1.03 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$223.0m (up 6.2% from 3Q 2020). Net income: US$17.0m (down 80% from 3Q 2020). Profit margin: 7.6% (down from 41% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 10Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 01 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS US$1.31 (vs US$2.10 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: US$170.0m (down 52% from 2Q 2020). Net income: US$98.0m (down 46% from 2Q 2020). Profit margin: 58% (up from 52% in 2Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.
Recent Insider Transactions • May 19Chief Risk Officer recently sold €1.9m worth of stockOn the 13th of May, Howard Albert sold around 50k shares on-market at roughly €38.23 per share. In the last 3 months, there was an even bigger sale from another insider worth €4.4m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months.
Upcoming Dividend • May 11Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 18 May 2021. Payment date: 02 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%).
Reported Earnings • May 09First quarter 2021 earnings released: EPS US$0.14 (vs US$0.59 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$161.0m (down 1.2% from 1Q 2020). Net income: US$11.0m (up US$66.0m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
