TD Asset Management Inc. cut its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 18.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,581 shares of the financial services provider’s stock after selling 9,300 shares during the period. TD Asset Management Inc.’s holdings in Assured Guaranty were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Hawaii increased its position in shares of Assured Guaranty by 1.2% during the second quarter. Bank of Hawaii now owns 15,510 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 180 shares during the last quarter. ETRADE Capital Management LLC increased its position in shares of Assured Guaranty by 4.4% during the second quarter. ETRADE Capital Management LLC now owns 11,509 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 485 shares during the last quarter. Sawtooth Solutions LLC increased its position in shares of Assured Guaranty by 7.4% during the second quarter. Sawtooth Solutions LLC now owns 7,181 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 492 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Assured Guaranty by 2.0% during the second quarter. Catalyst Capital Advisors LLC now owns 25,400 shares of the financial services provider’s stock valued at $1,060,000 after acquiring an additional 500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Assured Guaranty by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,150 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 539 shares during the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.

Assured Guaranty Ltd. (NYSE AGO) opened at $35.39 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4,124.98, a P/E ratio of 6.23 and a beta of 1.64. Assured Guaranty Ltd. has a twelve month low of $34.60 and a twelve month high of $45.73.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.51. The firm had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $262.09 million. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.74 earnings per share.

Assured Guaranty declared that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, November 14th. Assured Guaranty’s dividend payout ratio (DPR) is currently 8.21%.

A number of equities research analysts have weighed in on AGO shares. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research report on Thursday, October 5th. UBS reiterated a “buy” rating and set a $47.00 price target (down from $49.00) on shares of Assured Guaranty in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.00.

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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.

Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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