Reinhart Partners LLC. increased its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,005,784 shares of the financial services provider's stock after purchasing an additional 28,026 shares during the period. Assured Guaranty makes up 3.5% of Reinhart Partners LLC.'s investment portfolio, making the stock its 6th largest holding. Reinhart Partners LLC. owned about 1.98% of Assured Guaranty worth $90,531,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Creative Planning lifted its stake in Assured Guaranty by 1.2% during the 3rd 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. Point72 Asia Singapore Pte. Ltd. grew its position in Assured Guaranty by 1.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,426 shares of the financial services provider's stock worth $909,000 after purchasing an additional 144 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Assured Guaranty by 2.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,042 shares of the financial services provider's stock valued at $466,000 after buying an additional 161 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Assured Guaranty by 1.6% during the 3rd quarter. XTX Topco Ltd now owns 11,454 shares of the financial services provider's stock worth $911,000 after buying an additional 180 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Assured Guaranty by 66.6% in the 3rd quarter. Assetmark Inc. now owns 493 shares of the financial services provider's stock worth $39,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 92.22% of the company's stock.
Wall Street Analyst Weigh In
AGO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Assured Guaranty from $92.00 to $105.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. StockNews.com raised Assured Guaranty from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. Finally, UBS Group increased their price target on shares of Assured Guaranty from $87.00 to $95.00 and gave the company a "neutral" rating in a research report on Monday, November 18th.
Read Our Latest Analysis on Assured Guaranty
Assured Guaranty Stock Performance
NYSE:AGO traded up $0.60 during trading hours on Monday, reaching $86.68. The stock had a trading volume of 252,568 shares, compared to its average volume of 212,753. Assured Guaranty Ltd. has a 12-month low of $72.57 and a 12-month high of $96.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day simple moving average of $89.80 and a 200 day simple moving average of $83.49. The stock has a market cap of $4.41 billion, a P/E ratio of 6.74 and a beta of 1.12.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $1.00. The business had revenue of $269.00 million for the quarter, compared to analysts' expectations of $202.57 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. The firm's quarterly revenue was down 33.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.42 EPS. On average, research analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.
Assured Guaranty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, November 22nd. Assured Guaranty's dividend payout ratio (DPR) is presently 9.63%.
Assured Guaranty Company Profile
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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.
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