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Diamond Hill Capital Comments on Assured Guaranty Ltd

October 24, 2012 | About:

Municipal bond insurer Assured Guaranty Ltd. (NYSE:AGO) reported better than expected second quarter earnings, driven by lower loss costs and strong investment returns, and repurchased 2 million of its shares at a large discount to book value. Despite strong results, the stock price continued to be volatile as investors anticipated a potential debt downgrade by Moody's scheduled to be completed by the end of October.

From Diamond Hill Capital's third quarter Select Fund Commentary.

Rating: 1.4/5 (5 votes)


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