Assured Guaranty Ltd. (AGO) Stake Increased by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. raised its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,191 shares of the company’s stock after buying an additional 469 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Assured Guaranty were worth $664,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ngam Advisors L.P. raised its position in Assured Guaranty by 6.0% in the first quarter. Ngam Advisors L.P. now owns 27,211 shares of the company’s stock worth $688,000 after buying an additional 1,531 shares in the last quarter. Teachers Advisors Inc. raised its position in Assured Guaranty by 1.6% in the first quarter. Teachers Advisors Inc. now owns 127,616 shares of the company’s stock worth $3,229,000 after buying an additional 2,030 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Assured Guaranty by 86.2% in the first quarter. Loomis Sayles & Co. L P now owns 6,743 shares of the company’s stock worth $171,000 after buying an additional 3,122 shares in the last quarter. Rafferty Asset Management LLC raised its position in Assured Guaranty by 49.3% in the first quarter. Rafferty Asset Management LLC now owns 18,659 shares of the company’s stock worth $472,000 after buying an additional 6,162 shares in the last quarter. Finally, TIAA CREF Trust Co. FSB MO raised its position in Assured Guaranty by 12.5% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 61,491 shares of the company’s stock worth $1,560,000 after buying an additional 6,846 shares in the last quarter. Institutional investors and hedge funds own 96.63% of the company’s stock.
Assured Guaranty Ltd. (NYSE:AGO) traded up 1.22% on Wednesday, hitting $28.18. 734,018 shares of the stock were exchanged. Assured Guaranty Ltd. has a 12 month low of $21.79 and a 12 month high of $29.62. The company has a 50-day moving average of $27.46 and a 200 day moving average of $26.33. The firm has a market cap of $3.72 billion, a P/E ratio of 5.17 and a beta of 1.85.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.49. The firm had revenue of $372 million for the quarter, compared to analysts’ expectations of $273.70 million. Assured Guaranty had a net margin of 42.77% and a return on equity of 8.80%. The business’s revenue for the quarter was down 42.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 earnings per share. Equities research analysts expect that Assured Guaranty Ltd. will post $3.18 earnings per share for the current fiscal year.
Separately, BTIG Research reiterated a “buy” rating and issued a $35.00 price objective on shares of Assured Guaranty in a research note on Monday, August 1st.
About Assured Guaranty
Assured Guaranty Ltd. is a holding company. The Company provides, through its subsidiaries, credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It conducts its financial guaranty business on a direct basis through the companies, including Assured Guaranty Municipal Corp.
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. (NYSE:AGO).
Receive News & Ratings for Assured Guaranty Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.