Lingohr & Partner Asset Management GmbH trimmed its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,043 shares of the financial services provider’s stock after selling 2,900 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Assured Guaranty were worth $1,325,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aperio Group LLC grew its stake in shares of Assured Guaranty by 6.2% in the 3rd quarter. Aperio Group LLC now owns 736,147 shares of the financial services provider’s stock valued at $27,790,000 after purchasing an additional 42,742 shares during the period. APG Asset Management N.V. bought a new stake in shares of Assured Guaranty in the 3rd quarter valued at approximately $7,716,000. Stevens Capital Management LP bought a new stake in shares of Assured Guaranty in the 3rd quarter valued at approximately $2,812,000. FineMark National Bank & Trust bought a new stake in shares of Assured Guaranty in the 3rd quarter valued at approximately $259,000. Finally, Mycio Wealth Partners LLC grew its stake in shares of Assured Guaranty by 64.6% in the 3rd quarter. Mycio Wealth Partners LLC now owns 15,285 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 6,000 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Several research firms have recently weighed in on AGO. BidaskClub lowered Assured Guaranty from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research note on Thursday, October 5th. Finally, UBS AG reiterated a “buy” rating and issued a $47.00 price objective (down from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $47.00.
Assured Guaranty Ltd. (AGO) traded up $0.17 during mid-day trading on Friday, hitting $37.12. The stock had a trading volume of 562,000 shares, compared to its average volume of 1,166,572. Assured Guaranty Ltd. has a 52 week low of $33.55 and a 52 week high of $45.73. The company has a market cap of $4,359.89, a price-to-earnings ratio of 6.58 and a beta of 1.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.49 and a current ratio of 0.56.
Assured Guaranty (NYSE:AGO) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.51. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $262.09 million. Assured Guaranty had a return on equity of 10.59% and a net margin of 45.38%. Assured Guaranty’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.74 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.142 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.57 dividend on an annualized basis and a yield of 1.53%. Assured Guaranty’s dividend payout ratio (DPR) is presently 8.21%.
Assured Guaranty announced that its board has approved a share buyback program on Thursday, November 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Assured Guaranty 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.
Want to see what other hedge funds are holding AGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assured Guaranty Ltd. (NYSE:AGO).
Receive News & Ratings for Assured Guaranty Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.