Assured Guaranty Ltd. (AGO) Stake Decreased by Sei Investments Co.
Sei Investments Co. decreased its stake in Assured Guaranty Ltd. (NYSE:AGO) by 12.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 239,493 shares of the financial services provider’s stock after selling 32,831 shares during the period. Sei Investments Co.’s holdings in Assured Guaranty were worth $9,997,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its position in Assured Guaranty by 171.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 665,552 shares of the financial services provider’s stock valued at $25,138,000 after buying an additional 420,147 shares in the last quarter. Teachers Advisors LLC boosted its position in Assured Guaranty by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 221,000 shares of the financial services provider’s stock valued at $8,347,000 after buying an additional 18,629 shares in the last quarter. Creative Planning boosted its position in Assured Guaranty by 36.7% in the first quarter. Creative Planning now owns 7,516 shares of the financial services provider’s stock valued at $279,000 after buying an additional 2,016 shares in the last quarter. Bank of Montreal Can boosted its position in Assured Guaranty by 39.3% in the first quarter. Bank of Montreal Can now owns 293,179 shares of the financial services provider’s stock valued at $10,880,000 after buying an additional 82,686 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its position in Assured Guaranty by 56.6% in the first quarter. Quantitative Systematic Strategies LLC now owns 46,354 shares of the financial services provider’s stock valued at $1,720,000 after buying an additional 16,757 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Assured Guaranty Ltd. (AGO) opened at 43.47 on Friday. Assured Guaranty Ltd. has a 12-month low of $26.37 and a 12-month high of $45.73. The company has a market cap of $5.17 billion, a PE ratio of 4.89 and a beta of 1.68. The company has a 50 day moving average of $43.69 and a 200-day moving average of $40.51.
Assured Guaranty (NYSE:AGO) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.44. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The company had revenue of $308 million for the quarter, compared to analysts’ expectations of $288.15 million. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. Equities research analysts anticipate that Assured Guaranty Ltd. will post $4.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a $0.142 dividend. This represents a $0.57 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Monday, August 14th. Assured Guaranty’s dividend payout ratio is currently 6.46%.
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Several equities analysts have commented on AGO shares. UBS AG reissued a “buy” rating and set a $45.00 target price (up previously from $44.00) on shares of Assured Guaranty in a research report on Wednesday, May 17th. BTIG Research reissued a “buy” rating and set a $49.00 target price on shares of Assured Guaranty in a research report on Sunday, May 28th. BidaskClub raised shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 target price on shares of Assured Guaranty in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Assured Guaranty has a consensus rating of “Buy” and an average target price of $46.50.
Assured Guaranty 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.
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