LSV Asset Management Raises Position in Assured Guaranty Ltd. (NYSE:AGO)

LSV Asset Management raised its position in Assured Guaranty Ltd. (NYSE:AGO) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,055,331 shares of the financial services provider’s stock after acquiring an additional 145,300 shares during the period. LSV Asset Management owned about 0.87% of Assured Guaranty worth $44,049,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Assured Guaranty by 11.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,120,165 shares of the financial services provider’s stock worth $46,755,000 after acquiring an additional 112,750 shares during the last quarter. Sawtooth Solutions LLC boosted its position in Assured Guaranty by 7.4% in the 2nd quarter. Sawtooth Solutions LLC now owns 7,181 shares of the financial services provider’s stock valued at $300,000 after buying an additional 492 shares during the last quarter. Chicago Equity Partners LLC boosted its position in Assured Guaranty by 72.2% in the 2nd quarter. Chicago Equity Partners LLC now owns 671,460 shares of the financial services provider’s stock valued at $28,027,000 after buying an additional 281,630 shares during the last quarter. Principal Financial Group Inc. boosted its position in Assured Guaranty by 27.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,176,758 shares of the financial services provider’s stock valued at $49,118,000 after buying an additional 255,081 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $215,000 after buying an additional 539 shares during the last quarter. 96.77% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have commented on AGO. BidaskClub upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price target on shares of Assured Guaranty in a research report on Tuesday, July 4th. Finally, BTIG Research restated a “buy” rating and issued a $49.00 price target on shares of Assured Guaranty in a research report on Sunday, May 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $46.50.

Shares of Assured Guaranty Ltd. (AGO) opened at 42.73 on Friday. The firm has a market cap of $5.09 billion, a P/E ratio of 4.80 and a beta of 1.67. Assured Guaranty Ltd. has a 1-year low of $26.37 and a 1-year high of $45.73. The firm has a 50 day moving average price of $42.92 and a 200 day moving average price of $40.82.

Assured Guaranty (NYSE:AGO) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 EPS for the quarter, beating the Zacks’ 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 business had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $288.15 million. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was down 22.2% on a year-over-year basis. Analysts anticipate that Assured Guaranty Ltd. will post $4.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were given 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 1.33%. 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.

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

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