Allianz Asset Management GmbH raised its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 719,249 shares of the financial services provider's stock after acquiring an additional 66,487 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.41% of Assured Guaranty worth $64,740,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning boosted its stake in Assured Guaranty by 1.2% in the third quarter. Creative Planning now owns 11,140 shares of the financial services provider's stock valued at $886,000 after acquiring an additional 135 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Assured Guaranty by 155.8% in the 3rd quarter. Blue Trust Inc. now owns 637 shares of the financial services provider's stock worth $49,000 after purchasing an additional 388 shares in the last quarter. Raymond James & Associates increased its position in Assured Guaranty by 22.8% during the 3rd quarter. Raymond James & Associates now owns 162,836 shares of the financial services provider's stock valued at $12,949,000 after buying an additional 30,283 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Assured Guaranty in the third quarter valued at about $740,000. Finally, State of Alaska Department of Revenue raised its stake in Assured Guaranty by 55.6% in the third quarter. State of Alaska Department of Revenue now owns 47,223 shares of the financial services provider's stock valued at $3,754,000 after buying an additional 16,869 shares during the last quarter. 92.22% of the stock is currently owned by hedge funds and other institutional investors.
Assured Guaranty Stock Performance
NYSE:AGO traded down $0.46 during trading hours on Wednesday, reaching $91.66. The company had a trading volume of 265,107 shares, compared to its average volume of 227,435. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91. Assured Guaranty Ltd. has a 1-year low of $72.57 and a 1-year high of $96.60. The business's 50 day moving average price is $90.81 and its 200-day moving average price is $86.37. The firm has a market cap of $4.67 billion, a PE ratio of 7.12 and a beta of 1.11.
Assured Guaranty Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.34 dividend. This is a boost from Assured Guaranty's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.48%. Assured Guaranty's payout ratio is presently 9.63%.
Analyst Upgrades and Downgrades
AGO has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Assured Guaranty from $87.00 to $95.00 and gave the company a "neutral" rating in a report on Monday, November 18th. Keefe, Bruyette & Woods raised their price target on shares of Assured Guaranty from $92.00 to $105.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Finally, StockNews.com raised shares of Assured Guaranty from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th.
Get Our Latest Analysis on Assured Guaranty
Assured Guaranty Company Profile
(
Free Report)
Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
Further Reading
Before you consider Assured Guaranty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.
While Assured Guaranty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
