Shares of Assured Guaranty Ltd. (NYSE: AGO) surged 5.84% in pre-market trading on Monday, November 12, 2024, ahead of the market open. The stock's pre-market upswing comes on the heels of a positive fundamental analysis by market analysts.
According to a recent report, Assured Guaranty has demonstrated a respectable return on equity (ROE) of 13%, which is in line with the industry average. This metric indicates that the company is efficiently generating profits from the investments made by shareholders.
Furthermore, the report highlights Assured Guaranty's moderate earnings growth of 10% over the past five years, which is comparable to the industry's average growth rate of 12%. The company's ability to sustain earnings growth, coupled with its high reinvestment rate of 81%, suggests that it is effectively utilizing its retained earnings to fuel future growth.