Unigestion Holding SA boosted its holdings in Assured Guaranty Ltd. (NYSE:AGO) by 63.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,560 shares of the financial services provider’s stock after acquiring an additional 48,334 shares during the quarter. Unigestion Holding SA owned about 0.11% of Assured Guaranty worth $5,260,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Virginia Retirement Systems ET AL raised its position in Assured Guaranty by 867.7% in the third quarter. Virginia Retirement Systems ET AL now owns 150,000 shares of the financial services provider’s stock worth $6,335,000 after acquiring an additional 134,500 shares in the last quarter. Wells Fargo & Company MN raised its position in Assured Guaranty by 40.4% in the third quarter. Wells Fargo & Company MN now owns 319,639 shares of the financial services provider’s stock worth $13,498,000 after acquiring an additional 92,023 shares in the last quarter. Private Advisor Group LLC purchased a new position in Assured Guaranty in the third quarter worth $222,000. Moody Aldrich Partners LLC purchased a new position in Assured Guaranty in the third quarter worth $248,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Assured Guaranty by 1.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 985,003 shares of the financial services provider’s stock worth $41,595,000 after acquiring an additional 14,845 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.
Assured Guaranty stock opened at $41.56 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 10.20 and a beta of 1.30. Assured Guaranty Ltd. has a fifty-two week low of $32.97 and a fifty-two week high of $43.40.
Assured Guaranty (NYSE:AGO) last posted its earnings results on Thursday, November 8th. The financial services provider reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.75. The company had revenue of $274.00 million for the quarter, compared to analyst estimates of $240.16 million. Assured Guaranty had a return on equity of 7.02% and a net margin of 37.52%. Assured Guaranty’s revenue was down 56.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 21st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.54%. The ex-dividend date is Tuesday, November 20th.
Several research firms have issued reports on AGO. ValuEngine upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 price objective on shares of Assured Guaranty in a research report on Friday, August 3rd.
In other Assured Guaranty news, insider Russell B. Brewer II sold 29,362 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $42.36, for a total value of $1,243,774.32. Following the sale, the insider now owns 188,952 shares of the company’s stock, valued at $8,004,006.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dominic Frederico sold 118,294 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $40.73, for a total value of $4,818,114.62. Following the completion of the sale, the chief executive officer now directly owns 1,180,680 shares in the company, valued at approximately $48,089,096.40. The disclosure for this sale can be found here. Insiders sold 380,734 shares of company stock worth $15,571,121 in the last three months. 2.62% of the stock is owned by corporate insiders.
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Assured Guaranty 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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