The Manufacturers Life Insurance Company Has $25.43 Million Stake in Assured Guaranty Ltd. (AGO)

The Manufacturers Life Insurance Company lessened its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 609,225 shares of the financial services provider’s stock after selling 90,700 shares during the period. The Manufacturers Life Insurance Company owned 0.51% of Assured Guaranty worth $25,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Assured Guaranty by 2,281.9% in the 1st quarter. BlackRock Inc. now owns 6,309,856 shares of the financial services provider’s stock valued at $234,159,000 after buying an additional 6,044,950 shares during the period. Morgan Stanley raised its holdings in Assured Guaranty by 68.6% in the 1st quarter. Morgan Stanley now owns 1,201,928 shares of the financial services provider’s stock valued at $44,605,000 after buying an additional 489,107 shares during the period. Kahn Brothers Group Inc. DE raised its holdings in Assured Guaranty by 101.7% in the 2nd quarter. Kahn Brothers Group Inc. DE now owns 776,705 shares of the financial services provider’s stock valued at $32,420,000 after buying an additional 391,575 shares during the period. Vanguard Group Inc. raised its holdings in Assured Guaranty by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,617,965 shares of the financial services provider’s stock valued at $468,254,000 after buying an additional 374,051 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Assured Guaranty in the 1st quarter valued at about $12,673,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/16/the-manufacturers-life-insurance-company-has-25-43-million-stake-in-assured-guaranty-ltd-ago.html.

Several brokerages recently issued reports on AGO. MKM Partners restated a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. UBS AG restated a “buy” rating and issued a $47.00 price objective (down from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. BidaskClub lowered shares of Assured Guaranty from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BTIG Research restated a “buy” rating and issued a $49.00 price objective on shares of Assured Guaranty in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of Assured Guaranty in a report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Assured Guaranty Ltd. (AGO) opened at 36.89 on Monday. Assured Guaranty Ltd. has a 52 week low of $28.56 and a 52 week high of $45.73. The firm’s 50-day moving average is $40.05 and its 200-day moving average is $40.80. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 4.15 and a beta of 1.65.

Assured Guaranty (NYSE:AGO) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.44. The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The company’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Assur

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Assured Guaranty by 2,281.9% in the 1st quarter. BlackRock Inc. now owns 6,309,856 shares of the financial services provider’s stock valued at $234,159,000 after buying an additional 6,044,950 shares during the period. Morgan Stanley raised its holdings in Assured Guaranty by 68.6% in the 1st quarter. Morgan Stanley now owns 1,201,928 shares of the financial services provider’s stock valued at $44,605,000 after buying an additional 489,107 shares during the period. Kahn Brothers Group Inc. DE raised its holdings in Assured Guaranty by 101.7% in the 2nd quarter. Kahn Brothers Group Inc. DE now owns 776,705 shares of the financial services provider’s stock valued at $32,420,000 after buying an additional 391,575 shares during the period. Vanguard Group Inc. raised its holdings in Assured Guaranty by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,617,965 shares of the financial services provider’s stock valued at $468,254,000 after buying an additional 374,051 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Assured Guaranty in the 1st quarter valued at about $12,673,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/16/the-manufacturers-life-insurance-company-has-25-43-million-stake-in-assured-guaranty-ltd-ago.html.

Several brokerages recently issued reports on AGO. MKM Partners restated a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. UBS AG restated a “buy” rating and issued a $47.00 price objective (down from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. BidaskClub lowered shares of Assured Guaranty from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BTIG Research restated a “buy” rating and issued a $49.00 price objective on shares of Assured Guaranty in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of Assured Guaranty in a report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Assured Guaranty Ltd. (AGO) opened at 36.89 on Monday. Assured Guaranty Ltd. has a 52 week low of $28.56 and a 52 week high of $45.73. The firm’s 50-day moving average is $40.05 and its 200-day moving average is $40.80. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 4.15 and a beta of 1.65.

Assured Guaranty (NYSE:AGO) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.44. The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The company’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Assured Guaranty Ltd. will post $4.86 EPS for the current fiscal year.

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

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