Teacher Retirement System of Texas Has $486,000 Stake in Assured Guaranty Ltd. (AGO)
Teacher Retirement System of Texas raised its position in Assured Guaranty Ltd. (NYSE:AGO) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,142 shares of the company’s stock after buying an additional 1,775 shares during the period. Teacher Retirement System of Texas’ holdings in Assured Guaranty were worth $486,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Advance Capital I Inc. acquired a new stake in shares of Assured Guaranty during the second quarter worth about $282,000. JPMorgan Chase & Co. raised its stake in shares of Assured Guaranty by 12.4% in the second quarter. JPMorgan Chase & Co. now owns 494,135 shares of the company’s stock worth $12,537,000 after buying an additional 54,700 shares during the last quarter. Gerstein Fisher raised its stake in shares of Assured Guaranty by 6.4% in the second quarter. Gerstein Fisher now owns 11,198 shares of the company’s stock worth $284,000 after buying an additional 671 shares during the last quarter. Royce & Associates LP raised its stake in shares of Assured Guaranty by 2.5% in the second quarter. Royce & Associates LP now owns 676,996 shares of the company’s stock worth $17,175,000 after buying an additional 16,200 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Assured Guaranty by 17.1% in the second quarter. William Blair Investment Management LLC now owns 23,912 shares of the company’s stock worth $607,000 after buying an additional 3,498 shares during the last quarter. 96.63% of the stock is currently owned by institutional investors and hedge funds.
Assured Guaranty Ltd. (NYSE:AGO) traded down 0.14% on Thursday, hitting $28.14. The company’s stock had a trading volume of 140,174 shares. The company has a market capitalization of $3.72 billion, a P/E ratio of 5.16 and a beta of 1.85. Assured Guaranty Ltd. has a 1-year low of $21.79 and a 1-year high of $29.62. The company has a 50 day moving average price of $27.46 and a 200-day moving average price of $26.33.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.49. The company earned $372 million during the quarter, compared to analyst estimates of $273.70 million. Assured Guaranty had a net margin of 42.77% and a return on equity of 8.80%. The company’s revenue was down 42.7% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. On average, equities analysts forecast that Assured Guaranty Ltd. will post $3.18 earnings per share for the current fiscal year.
Separately, BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Assured Guaranty in a research report on Monday, August 1st.
Assured Guaranty Company Profile
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.
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