Wealth Enhancement Advisory Services LLC Raises Stake in Assured Guaranty Ltd. (AGO)
Wealth Enhancement Advisory Services LLC increased its position in Assured Guaranty Ltd. (NYSE:AGO) by 13.0% during the second quarter, Holdings Channel reports. The institutional investor owned 49,449 shares of the company’s stock after buying an additional 5,689 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Assured Guaranty were worth $1,255,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Tahithromos L.L.C. acquired a new stake in shares of Assured Guaranty during the second quarter valued at approximately $3,161,000. A.R.T. Advisors LLC boosted its stake in shares of Assured Guaranty by 284.5% in the first quarter. A.R.T. Advisors LLC now owns 81,358 shares of the company’s stock valued at $2,058,000 after buying an additional 60,200 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Assured Guaranty by 26.9% in the first quarter. Riverhead Capital Management LLC now owns 262,505 shares of the company’s stock valued at $6,641,000 after buying an additional 55,653 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Assured Guaranty by 14.5% in the first quarter. Nuveen Asset Management LLC now owns 379,307 shares of the company’s stock valued at $9,596,000 after buying an additional 47,900 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Assured Guaranty by 44.2% in the second quarter. Nordea Investment Management AB now owns 119,870 shares of the company’s stock valued at $3,041,000 after buying an additional 36,765 shares in the last quarter. 96.63% of the stock is owned by institutional investors.
Shares of Assured Guaranty Ltd. (NYSE:AGO) traded up 0.56% on Friday, reaching $28.73. 364,749 shares of the company were exchanged. The company’s 50-day moving average price is $27.66 and its 200 day moving average price is $26.45. Assured Guaranty Ltd. has a 12 month low of $21.79 and a 12 month high of $29.62. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 5.27 and a beta of 1.85.
Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.49. The firm had revenue of $372 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $1.83 earnings per share. On average, equities research analysts expect that Assured Guaranty Ltd. will post $3.18 EPS for the current year.
Separately, BTIG Research reiterated a “buy” rating on shares of Assured Guaranty in a research report on Monday, June 20th.
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.
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