Symmetry Partners LLC boosted its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,089 shares of the financial services provider’s stock after purchasing an additional 723 shares during the period. Symmetry Partners LLC’s holdings in Assured Guaranty were worth $449,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of AGO. Amundi Pioneer Asset Management Inc. increased its position in shares of Assured Guaranty by 48.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 345,833 shares of the financial services provider’s stock valued at $14,553,000 after acquiring an additional 113,226 shares during the last quarter. Capital Returns Management LLC raised its holdings in shares of Assured Guaranty by 22.1% in the second quarter. Capital Returns Management LLC now owns 568,694 shares of the financial services provider’s stock valued at $23,931,000 after purchasing an additional 102,976 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Assured Guaranty by 23.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,618,852 shares of the financial services provider’s stock valued at $110,197,000 after purchasing an additional 498,139 shares during the last quarter. Chicago Equity Partners LLC grew its stake in shares of Assured Guaranty by 102.3% in the second quarter. Chicago Equity Partners LLC now owns 53,870 shares of the financial services provider’s stock valued at $2,267,000 after buying an additional 27,240 shares in the last quarter. Finally, Morgan Stanley boosted its position in Assured Guaranty by 30.9% during the second quarter. Morgan Stanley now owns 118,739 shares of the financial services provider’s stock worth $4,996,000 after purchasing an additional 28,004 shares during the period. Institutional investors own 97.77% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Assured Guaranty from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BTIG Research reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Assured Guaranty in a research note on Sunday, August 11th. Finally, UBS Group upped their target price on Assured Guaranty from $47.00 to $50.00 and gave the company a “buy” rating in a report on Monday, August 19th.
Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $212.55 million. Assured Guaranty had a return on equity of 7.24% and a net margin of 46.89%. Assured Guaranty’s revenue for the quarter was down 25.1% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%.
In related news, insider Howard Albert sold 14,058 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $44.27, for a total transaction of $622,347.66. Following the transaction, the insider now directly owns 191,143 shares of the company’s stock, valued at approximately $8,461,900.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dominic Frederico sold 30,300 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $43.70, for a total value of $1,324,110.00. Following the transaction, the chief executive officer now directly owns 1,300,031 shares in the company, valued at $56,811,354.70. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 185,611 shares of company stock worth $8,557,931 and have sold 50,986 shares worth $2,245,712. Company insiders own 2.81% of the company’s stock.
Assured Guaranty Company Profile
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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