Assured Guaranty Ltd
Change company Symbol lookup
Select an option...
AGO Assured Guaranty Ltd
CSX CSX Corp
ERIC Telefonaktiebolaget LM Ericsson
EPD Enterprise Products Partners LP
AGL agilon health Inc
HBAN Huntington Bancshares Inc
MOGO Mogo Inc
VYGR Voyager Therapeutics Inc
PDAC^ Peridot Acquisition Corp
ABB Abb Ltd
Go

Financials : Insurance | Small Cap Blend
Based in Bermuda
Company profile

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. It guarantees obligations issued principally in the United States and the United Kingdom and also guarantees obligations issued in other countries and regions, including Australia and Western Europe. It also provides other forms of insurance that are in line with its risk profile and benefit from its underwriting experience.

Closing Price
$46.17
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
473,918
0

For a day, Jeff Bezos wasn't the world's richest. Here's who was.

5:05 am ET May 26, 2021 (MarketWatch)
Print

By Steve Goldstein

It's a good time to be rich, and an even better time to cater to them.

Bernard Arnault, the chairman and chief executive of luxury-goods giant LVMH Moët Hennessy Louis Vuitton , briefly topped departing Amazon (AMZN) Chief Executive Jeff Bezos as the world's richest person, according to Forbes' real-time tracker (https://www.forbes.com/real-time-billionaires/#3414d47b3d78).

By early Tuesday morning, Bezos was back on top with a net worth of $188.2 billion, compared with Arnault and family at $187.5 billion. Elon Musk, the chief executive of electric-car maker Tesla (TSLA), was in third, at $152.5 billion.

That Arnault was on top was a reflection of LVMH's share price surge, as well as the struggles of technology stocks in 2021 after a sensational 2020. LVMH shares have gained 25% this year, compared with a 0.4% drop for online retailer Amazon and a 14% drop for Tesla.

LVMH recorded a 32% surge in revenue during the first quarter, driven by its fashion and leather-goods segment. Asia outside of Japan -- China, mostly -- saw organic revenue growth of 86% in the first quarter, and sales in Asia even lapped the first quarter of 2019 by 26%. U.S. organic sales growth was also strong, at 23% in the first quarter.

LVMH doesn't provide earnings information during the first and third quarters.

In January, LVMH completed the acquisition of U.S. luxury-goods retailer Tiffany & Co. "It's an iconic house, iconic of America," said Arnault during the company's April shareholder meeting.

"It's synonymous of love. And the famous blue box is recognized throughout the world. I'm sure we'll be able to disseminate it even more widely with the determination and passion that we have deployed over the years for each of our prestigious houses," he added.

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 26, 2021 05:05 ET (09:05 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.