2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC trimmed its stake in shares of Assured Guaranty Ltd. ( NYSE:AGO – Free Report ) by 49.5% in the second quarter, according to the company in its most recent filing with the SEC.
The firm owned 4,730 shares of the financial services provider’s stock after selling 4,637 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Assured Guaranty were worth $356,000 as of its most recent SEC filing. Other institutional investors have also recently modified their holdings of the company.
New Covenant Trust Company N.A. bought a new stake in shares of Assured Guaranty during the 1st quarter worth $35,000.
Daiwa Securities Group Inc. bought a new stake in shares of Assured Guaranty during the 2nd quarter worth $46,000. Versant Capital Management Inc lifted its position in shares of Assured Guaranty by 55.
7% during the 2nd quarter. Versant Capital Management Inc now owns 1,054 shares of the financial services provider’s stock worth $81,000 after buying an additional 377 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Assured Guaranty by 24.
3% during the 1st quarter. GAMMA Investing LLC now owns 1,017 shares of the financial services provider’s stock worth $89,000 after buying an additional 199 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Assured Guaranty by 535.
9% during the 2nd quarter. CWM LLC now owns 1,965 shares of the financial services provider’s stock worth $152,000 after buying an additional 1,656 shares during the last quarter. 92.
22% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Several brokerages recently weighed in on AGO. UBS Group dropped their price objective on Assured Guaranty from $102.
00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. StockNews.
com raised Assured Guaranty from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Keefe, Bruyette & Woods raised Assured Guaranty from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $87.00 to $92.
00 in a report on Tuesday, July 9th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $110.00 target price on shares of Assured Guaranty in a report on Tuesday, July 9th.
Insiders Place Their Bets In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total value of $2,480,310.
00. Following the completion of the sale, the chief executive officer now directly owns 1,380,119 shares of the company’s stock, valued at $110,423,321.19.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 5.10% of the company’s stock.
Assured Guaranty Stock Down 0.9 % Shares of NYSE:AGO opened at $79.51 on Friday.
The business’s 50 day simple moving average is $78.65 and its two-hundred day simple moving average is $79.62.
The firm has a market cap of $4.33 billion, a P/E ratio of 6.14 and a beta of 1.
11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.
96 and a current ratio of 0.96. Assured Guaranty Ltd.
has a 52-week low of $58.27 and a 52-week high of $96.60.
Assured Guaranty ( NYSE:AGO – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
39 by $0.05. Assured Guaranty had a return on equity of 13.
19% and a net margin of 61.17%. The company had revenue of $202.
00 million for the quarter, compared to analyst estimates of $193.05 million. During the same quarter last year, the company earned $0.
60 earnings per share. The company’s revenue for the quarter was down 43.9% on a year-over-year basis.
As a group, research analysts forecast that Assured Guaranty Ltd. will post 6.3 EPS for the current fiscal year.
Assured Guaranty Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.31 per share.
The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.24 dividend on an annualized basis and a yield of 1.
56%. Assured Guaranty’s dividend payout ratio (DPR) is currently 9.58%.
About Assured Guaranty ( Free Report ) Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management.
The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. See Also Want to see what other hedge funds are holding AGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assured Guaranty Ltd.
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