QS Investors LLC decreased its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,128 shares of the financial services provider’s stock after selling 2,966 shares during the period. QS Investors LLC owned approximately 0.09% of Assured Guaranty worth $3,662,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in Assured Guaranty during the 3rd quarter worth $466,000. Parametric Portfolio Associates LLC increased its position in Assured Guaranty by 17.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 392,052 shares of the financial services provider’s stock worth $14,800,000 after buying an additional 58,705 shares during the period. Evergreen Capital Management LLC bought a new position in Assured Guaranty during the 3rd quarter worth $501,000. JPMorgan Chase & Co. increased its position in Assured Guaranty by 58.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,772,951 shares of the financial services provider’s stock worth $67,780,000 after buying an additional 652,786 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Assured Guaranty by 3.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 632,793 shares of the financial services provider’s stock worth $23,888,000 after buying an additional 19,538 shares during the period. Hedge funds and other institutional investors own 97.81% of the company’s stock.
Assured Guaranty Ltd. (NYSE:AGO) opened at $35.54 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.50 and a quick ratio of 0.50. Assured Guaranty Ltd. has a 12-month low of $32.97 and a 12-month high of $45.73. The company has a market capitalization of $4,057.80, a price-to-earnings ratio of 6.03 and a beta of 1.40.
Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.06. Assured Guaranty had a return on equity of 9.76% and a net margin of 41.98%. The company had revenue of $283.00 million for the quarter, compared to analysts’ expectations of $273.89 million. During the same quarter last year, the business earned $1.05 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Assured Guaranty’s previous quarterly dividend of $0.14. Assured Guaranty’s dividend payout ratio (DPR) is presently 10.87%.
A number of research analysts recently commented on the company. BTIG Research restated a “buy” rating and issued a $50.00 price target on shares of Assured Guaranty in a research report on Tuesday, February 6th. ValuEngine cut Assured Guaranty from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 price target on shares of Assured Guaranty in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Assured Guaranty presently has an average rating of “Buy” and an average target price of $48.00.
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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