Assured Guaranty Ltd. Buyback
OLI recorded this information on 5/8/2013
Company:
Assured Guaranty Ltd.
Buyback:
AGO buyback
$Amount Authorized:
$200,000,000
Buyback Details:
The Board of Directors of Assured Guaranty Ltd. (the Company) (NYSE:AGO) today authorized an additional $115 million of repurchases of the Company's common shares, restoring its current repurchase authorization to approximately $200 million. Since announcing a $200 million share repurchase program on January 18, 2013, the Company has repurchased shares and today's action effectively restores that authorization to substantially the full amount.
Assured Guaranty is a holding company. Through its subsidiaries, Co. provides credit protection products and asset management services. In the Insurance segment, Co. applies its credit underwriting judgment, risk management skills and capital markets experience primarily to provide financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. In the Asset Management segment, Co. provides asset management services through Assured Investment Management LLC and its investment management affiliates.
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Preferreds: AGO.PRB, AGO.PRE, AGO.PRF
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Buy (3.00 out of 4) 32nd percentile
(ranked lower than approx. 68% of all stocks covered)
Analysts' Target Price: AGO Stock Forecast Based on Zacks ABR data; powered by Xignite |