Revenue Update on Assured Guaranty Ltd.(NYSE:AGO)

Assured Guaranty Ltd.(NYSE:AGO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $214.00M. Analysts estimated a revenue of $273.70M. Earnings per share were $1.03.

Assured Guaranty Ltd. (AGO) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.69% at a volume of 4,65,857. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.42. The peak price level was also seen at $27.42 while the days lowest was $27.12. Finally the shares closed at $27.16. The 52-week high of the shares is $29.62 while the 52-week low is $21.79. According to the latest information available, the market cap of the company is $3,588 M.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Dominic Frederico (CEO) purchased 13,000 shares at $25.10 per share price.Also, On May 14, 2015, Stephen A Cozen (director) sold 17,000 shares at $26.97 per share price.

Assured Guaranty Ltd. is a holding company. The Company provides through its operating subsidiaries credit protection products to the United States and international public finance including infrastructure and structured finance markets. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors. It conducts its financial guaranty business on a direct basis from the following companies: Assured Guaranty Municipal Corp. (AGM) Municipal Assurance Corp. (MAC) Assured Guaranty Corp. (AGC) Assured Guaranty (Europe) Ltd. (AGE) and Assured Guaranty Re Ltd. (AG Re). The Company insures obligations issued in the United States. It also offers credit protection through reinsurance. The Company insures and reinsures various types of United States public finance obligations and various non-United States public finance obligations.

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