MML Investors Services LLC Continues to Hold Position in Assured Guaranty Ltd. (AGO)
MML Investors Services LLC maintained its position in Assured Guaranty Ltd. (NYSE:AGO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,008 shares of the financial services provider’s stock at the close of the 2nd quarter. MML Investors Services LLC’s holdings in Assured Guaranty were worth $1,253,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of AGO. Parallel Advisors LLC grew its position in Assured Guaranty by 2.3% in the 1st quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 84 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Assured Guaranty in the 1st quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Assured Guaranty by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,150 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 539 shares during the period. Quantum Capital Management bought a new stake in Assured Guaranty in the 2nd quarter worth approximately $218,000. Finally, Zweig DiMenna Associates LLC bought a new stake in Assured Guaranty in the 2nd quarter worth approximately $288,000. 96.71% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 target price on shares of Assured Guaranty in a research report on Tuesday, July 4th. BidaskClub downgraded shares of Assured Guaranty from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $49.00 target price on shares of Assured Guaranty in a research report on Sunday, May 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.50.
Shares of Assured Guaranty Ltd. (NYSE AGO) opened at 41.55 on Friday. The stock’s 50 day moving average is $42.73 and its 200-day moving average is $40.82. 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 $4.94 billion, a P/E ratio of 4.67 and a beta of 1.67.
Assured Guaranty (NYSE:AGO) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.44. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $288.15 million. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, equities analysts forecast that Assured Guaranty Ltd. will post $4.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were paid a $0.142 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.37%. Assured Guaranty’s payout ratio is currently 6.46%.
About Assured Guaranty
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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