OLD National Bancorp IN reduced its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,020 shares of the financial services provider’s stock after selling 158 shares during the period. OLD National Bancorp IN’s holdings in Assured Guaranty were worth $409,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in shares of Assured Guaranty by 0.9% in the third quarter. California State Teachers Retirement System now owns 292,128 shares of the financial services provider’s stock valued at $8,107,000 after buying an additional 2,600 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Assured Guaranty during the third quarter valued at about $105,000. SG Americas Securities LLC bought a new position in shares of Assured Guaranty during the third quarter valued at about $265,000. Rhumbline Advisers boosted its position in shares of Assured Guaranty by 4.3% in the third quarter. Rhumbline Advisers now owns 113,365 shares of the financial services provider’s stock valued at $3,146,000 after buying an additional 4,645 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Assured Guaranty by 46.1% in the third quarter. Teachers Advisors LLC now owns 202,371 shares of the financial services provider’s stock valued at $5,616,000 after buying an additional 63,868 shares during the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.
Shares of Assured Guaranty Ltd. (NYSE:AGO) traded up 4.03% during midday trading on Friday, hitting $39.20. The stock had a trading volume of 2,123,365 shares. The company has a market cap of $4.90 billion, a P/E ratio of 5.98 and a beta of 1.82. Assured Guaranty Ltd. has a one year low of $23.43 and a one year high of $42.94. The stock has a 50 day moving average of $37.81 and a 200-day moving average of $37.53.
Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.37. The firm earned $470 million during the quarter, compared to the consensus estimate of $269.77 million. Assured Guaranty had a return on equity of 14.00% and a net margin of 56.15%. During the same quarter in the prior year, the business posted $0.83 earnings per share. Analysts forecast that Assured Guaranty Ltd. will post $2.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, May 15th. Assured Guaranty’s dividend payout ratio is currently 6.38%.
Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Assured Guaranty in a research note on Tuesday, February 28th. MKM Partners reissued a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Assured Guaranty in a research report on Thursday, January 12th.
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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