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AGO News and Headlines - Assured Guaranty Ltd

GuruFocus Articles Total 57
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Some thoughts on the value investor's buyback strategy

In December 2016, Mohnish Pabrai (Trades, Portfolio) outlined what he called his "Uber Cannibals" investing strategy. The strategy was built around the simple idea that businesses aggressively buying back their own stock can outperform the market in the long run.

Since first publishing this idea, the value investor has published a list of his favorite Uber Cannibal stocks every year. At the beginning of this year, he outlined five new opportunities on his blog:

  1. Assured Guaranty (AGO)
  2. Primerica (PRI)
  3. Globe Life (GL)
  4. Navient (NAVI)
  5. Discover Financial Services (DFS)

Assured Guaranty has been aggressively repurchasing its

746 Views    Rupert Hargreaves    2020-09-16 16:51
Firm's largest sales of the 4th quarter

Investment firm Kahn Brothers (Trades, Portfolio) & Co. Inc. sold shares of the following stocks during the fourth quarter.


The firm trimmed 48.68% off its Merck & Co. Inc. (MRK) stake. The portfolio was impacted by -5.50%.


The pharmaceutical company has a market cap of $219.21 billion and an enterprise value of $237.37 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 32.99% and return on assets of 11.16% are outperforming 84% of companies in the drug manufacturers industry.

51 Views    Tiziano Frateschi    2020-01-28 19:40
A Graham blended multiplier of less than 22.5 makes these stocks attractive value picks

The effectiveness of your search for value opportunities can be improved tremendously if it considers fairly priced stocks during the screening. This is what Benjamin Graham, the father of value investing, recommended: multiply the stock’s price-earnings ratio by its price-book ratio to build what is known as the "Graham blended multiplier," with the ideal result for investment being below 22.5.

Any ideal result for the Graham blended multiplier signals the presence of an undervalued stock. Thus, the following securities appeal to value investors as they have an ideal value for the Graham blended mutiplier as well as a market capitalization

102 Views    Alberto Abaterusso    2019-12-09 17:51
Insiders invest in JPMorgan, Eli Lilly, Keurig Dr Pepper and Assured Guaranty

The largest Insider Buys this week were JPMorgan Chase & Co. (JPM), Eli Lilly and Co. (LLY), Keurig Dr Pepper Inc. (KDP) and Assured Guaranty Ltd. (AGO).

JPMorgan director bought 16,000 shares

Director Mellody L. Hobson bought 16,000 shares on Oct. 23 for an average price of $124.65. The share price has increased by 1.11% since then.

JPMorgan Chase is an American multinational banking and financial services holding company and the largest bank in the U.S. The company is also the world’s third-largest bank by total assets, totaling roughly $2.5 trillion. It offers services in investment banking, asset management, private

59 Views    Shuda Xia    2019-10-27 19:31
Insiders invest in Assured Guaranty, Keurig Dr Pepper, Immunomedics and Advanced Drainage Systems

The largest insider buys this week were in Assured Guaranty Ltd. (AGO), Keurig Dr Pepper Inc. (KDP), Immunomedics Inc. (IMMU) and Advanced Drainage Systems Inc. (WMS).

Assured Guaranty chief investment officer bought 70,800 shares

Chief Investment Officer Andrew T. Feldstein bought 23,200 shares on Oct. 9 for an average price of $44.45. The share price has increased by 2.45% since then.

Assured Guaranty is a Bermuda-based financial company whose subsidiaries provide credit enhancement services to the public finance, structured finance and infrastructure markets. The company also provides alternative asset management services to institutional investors. The company has a market capitalization

379 Views    Shuda Xia    2019-10-13 19:25
These two value investors have different opinions on one stock

Irving Kahn was one of the legendary value investors of the last century. When he finally retired at 109 (just before he died), Kahn had been investing for nearly 100 years. He saw some of the greatest market crashes in history, including the 1929 Wall Street crash. In the crash, he made a small fortune betting against Magma Copper, which he believed was egregiously overvalued.

After observing the carnage of 1929, Kahn built a strategy based on buying high-quality companies with strong balance sheets at low prices, avoiding leverage and living a modest lifestyle. He continued to develop this style

368 Views    Rupert Hargreaves    2019-08-12 16:23
Firm of the late Irving Kahn releases portfolio, top buy is Merck

Kahn Brothers (Trades, Portfolio), founded by legendary investor Irving Kahn, disclosed this week its top six buys for the second quarter were Merck & Co. Inc. (MRK), Seaboard Corp. (SEB), Bristol-Myers Squibb Co. (BMY), Assured Guaranty Ltd. (AGO), GlaxoSmithKline PLC (GSK) and Citigroup Inc. (C).

The New York-based firm follows a contrarian value strategy that branches from Benjamin Graham’s “discounted to net asset purchase” model, according to the firm’s website. Kahn employs a bottom-up stock selection approach and invests in undervalued equity securities that are usually out of favor in the market.


284 Views    James Li    2019-08-06 20:26
ManpowerGroup makes the list

The following stocks have low price-earnings ratios and have been bought by gurus. While some of them are great investments, others need to be checked again, according to the discounted cash flow calculator.

With a market cap of $1.17 billion, Patrick Industries Inc. (PATK) is trading with a price-earnings ratio of 10.28 and a price-book ratio of 2.89. According to the DCF calculator, the stock has a fair value of $52.65 while trading at $49.19. Shares have fallen 12% over the last 12 months and are now trading 27.13% below the 52-week high and 80.05% above the 52-week low.

137 Views    Tiziano Frateschi    2019-04-15 21:10
SK Telecom tops the list

To increase the chances of discovering a good value stock, investors need to look for companies that are beating 20-year high-quality market corporate bonds' yields by 100% or more.

The bonds are securities representing corporate loans issued by triple-A, double-A and single-A rated companies. The chance these companies will not be able to honor their financial obligations is extremely low.

The most recent monthly observation on the spot rate of the 20-year bond indicates a 4.57% yield.

Thus, these stocks have a price-earnings ratio of less than 10.94 as of Feb. 22. The inverse of the ratio is

65 Views    Alberto Abaterusso    2019-02-25 17:46
Apple, Allstate on the list

The following stocks have low price-earnings ratios and have been bought by gurus. While some of them are great investments, others need to be checked again, according to the discounted cash flow calculator.

With a market cap of $39.05 billion, Altaba Inc. (AABA) is trading with a price-earnings ratio of 2.61, a price-sales ratio of 2.82 and a forward price-earnings ratio of 117.65. According to the discounted cash flow calculator, the stock has a fair value of $268.4 while trading at $63. The stock price has fallen 10% over the last 12 months and is currently 23.21% below

178 Views    Tiziano Frateschi    2018-12-09 04:07
Firm's largest buys of 3rd quarter

Investment firm Kahn Brothers (Trades, Portfolio) Group, which serves institutional and high-net-worth clients, bought shares of the following stocks during the third quarter.

The firm increased its stake in New York Community Bancorp Inc. (NYCB) by 29.29%, impacting the portfolio by 16.7%.


The bank has a market cap of $4.81 billion and an enterprise value of $16.47 billion.

GuruFocus gives the company a profitability and growth rating of 1 out of 10. While the return on equity of 6.21% is underperforming the sector, the return on assets of 0.92% is outperforming

34 Views    Tiziano Frateschi    2018-11-05 20:44
I revere Benjamin Graham

I revere Benjamin Graham.

Graham (1884-1976) was a pioneer of value investing, a professor at Columbia, a hedge fund manager, an author and a mentor to famed investor Warren Buffett (Trades, Portfolio).

Once a year in this column, I try to guess what stocks Ben Graham might pick if he were alive today.

Up to now, I’ve written 15 columns with picks intended to emulate Graham. The average 12-month total return has been 21.5%, versus 11.4% for the Standard & Poor’s 500 Index over the same periods.

Twelve of the 15 columns have beaten the index, and

148 Views    John Dorfman    2018-08-15 18:28
Legendary investor Irving Kahn's firm keeps buying shares of 5 companies

Kahn Brothers (Trades, Portfolio) disclosed on Monday that the firm increased its holdings of 10 companies during the second quarter, including high-conviction trades in AT&T Inc. (T), Bristol-Myers Squibb Co. (BMY), New York Community Bancorp Inc. (NYCB), Assured Guaranty Ltd. (AGO) and GlaxoSmithKline PLC (GSK).

Kahn and his sons Alan and Thomas founded the firm in 1978. According to its website, the firm has evolved from Benjamin Graham’s “discount to net asset purchase” model to a contrarian value strategy “focusing on margin of safety and net capital appreciation” over long time periods.

363 Views    James Li    2018-08-06 22:04
Firm's largest buys of the second quarter

The money management firm, FPA Capital Fund (Trades, Portfolio) bought shares in the following stocks in the first quarter.

The firm boosted the holding of Graphic Packaging Holding Co. (GPK) by 104.46%, impacting the portfolio by 2.01%.


The company provides paper-based packaging solutions to consumer products companies. It has a market cap of $4.63 billion and an enterprise value of $8.12 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 23.22% and return on assets of 5.60% are underperforming 67%

104 Views    Tiziano Frateschi    2018-07-16 15:35
Arnold Schneider gave more exposure to stocks that have been favorable in the long run

Schneider Capital Management, the investment arm of hedge fund manager  Arnold Schneider (TradesPortfolio), disclosed in the first quarter it had expanded its stake in several holdings, which have been favorable to the portfolio over the long term.

Schneider’s Small Cap Value Fund purchased additional shares of Bermuda-based muni-bond insurer Assured Guaranty Ltd. (AGO), boosting the position by more than 70% to total more than 812,000 shares in the first quarter. Schneider has collected an estimated 26% gain since he began buying shares in the third quarter of 2013.

Denver-based energy explorer QEP Resources (QEP) made

1100 Views    Yamil Berard    2018-06-13 19:51
Investment firm discloses quarterly portfolio

Kahn Brothers (Trades, Portfolio), founded by legendary investor Irving Kahn, follows a Benjamin Graham-style investing approach. On Tuesday, the firm disclosed it increased its position in three companies during the first quarter: Assured Guaranty Ltd. (AGO), New York Community Bancorp Inc. (NYCB) and GlaxoSmithKline PLC (GSK).

Assured Guaranty

Kahn’s firm added 177,543 shares of Assured Guaranty for an average price of $35.23 per share. With this transaction, the firm increased its portfolio 1.02%.


Assured Guaranty offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in

444 Views    James Li    2018-05-02 16:32
Einhorn is short Assured Guaranty

At the Sohn conference 2018 David Einhorn (Trades, Portfolio) of Greenlight Capital presented another short idea. His target is a medium-sized bond insurance company called Assured Guaranty (AGO). Just after Einhorn's thesis leaked and the company issued a defensive press release I wrote about it here on GuruFocus. Now, Einhorn's presentation, which I didn't have at the time of the original article, contains juicy additional information! For good measure, the timeline was like this:

  • Einhorn presented his case to the Sohn audience.
  • Einhorn's general idea leaked to the press.
  • Assured Guaranty stock dropped around 6%.
360 Views    Bram de Haas    2018-04-27 14:30
David Einhorn presented a short case for Assured Guaranty at the Sohn Investment Conference

David Einhorn (Trades, Portfolio) presented a short idea at the Sohn conference called Assured Guaranty (AGO), which is an unusual insurer. According to its website, Assured Guaranty guarantees "scheduled principal and interest payments when due on municipal, public infrastructure and structured financings."

This is extra interesting because Einhorn is well-known for his short of Allied Capital (a private financing company), which ultimately went down. The fight between Einhorn and Allied is chronicled by the investor in the excellent book, "Fooling Some of the People All of the Time."

Einhorn, among other things,

205 Views    Bram de Haas    2018-04-25 14:55
Walker & Dunlop, Methanex on the list

Several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices, according to the GuruFocus All-in-One Screener. The following stocks are trading with wide margins of safety and have positive performance over the past 12 months.

Fabrinet (FN) is trading around $29.80 per share. The Peter Lynch value gives the stock a fair price of $52.03, which suggests it is undervalued with a margin of safety of 42%. The stock started its positive upward trend three months ago; it now registers a positive performance of 9.2%.

The company provides outsourced

151 Views    Tiziano Frateschi    2018-04-24 16:25
Stock picks from some of the world's top value investors

Over the past several weeks, institutional investors around the world have slowly started to report their year-end holdings. While there are still many more funds slated to report, a number of the world’s best value investing firms have already disclosed their holdings, so I thought it would be interesting to put together a roundup of what these investment advisors are buying, selling and holding in the current environment.

Long-term value

The first firm, which reported only a few days ago, is Kahn Brothers (Trades, Portfolio) Advisors.

Founded by the legendary Irving Kahn, Kahn Brothers has long-term

2178 Views    Rupert Hargreaves    2018-01-30 19:34

Headlines Total 35
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2020-10-02 $ 25.54 (16.41%)
2020-09-16 $ 19.52 (1.19%)
2020-06-15 $ 27.25 (1%)
2020-05-16 $ 24.63 (-1.83%)
2020-05-15 $ 24.63 (-1.83%)
2020-05-08 $ 28.67 (-2.62%)
2019-12-09 $ 49.38 (-0.18%)
2019-11-12 $ 48.3 (1.53%)
2019-08-12 $ 45.18 (-1.5%)
2018-10-26 $ 38.88 (-1.27%)
2018-05-02 $ 35.56 (-2.63%)
2018-04-27 $ 36.86 (0.71%)
2018-04-25 $ 36.4 (-1.17%)
2018-04-05 $ 37.46 (1.16%)
2017-08-07 $ 44.24 (-0.25%)
2017-05-31 $ 39.06 (0.46%)
2013-07-19 $ 22.86 (-1.3%)
2012-10-24 $ 13.86 (2.51%)
2012-05-18 $ 11.99 (-2.6%)
2011-03-01 $ 13.96 (-3.92%)
2010-12-03 $ 18.82 (6.93%)
2010-11-09 $ 18.94 (-3.81%)
2010-08-09 $ 18.21 (-1.25%)
2010-03-05 $ 20 (-1.62%)
2010-01-15 $ 22.94 (-2.71%)
2009-11-16 $ 21.21 (-2.08%)
2009-09-29 $ 19.91 (-2.59%)
2009-05-12 $ 13.67 (-0.36%)
2009-03-09 $ 2.95 (-19.18%)
Total 35
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