Assured Guaranty Ltd. (NYSE:AGO) Holdings Cut by Choreo LLC

Choreo LLC reduced its stake in Assured Guaranty Ltd. (NYSE:AGO) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,106 shares of the financial services provider’s stock after selling 1,301 shares during the period. Choreo LLC’s holdings in Assured Guaranty were worth $367,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Reinhart Partners LLC. boosted its position in Assured Guaranty by 2.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,005,784 shares of the financial services provider’s stock valued at $90,531,000 after purchasing an additional 28,026 shares during the period. Royce & Associates LP lifted its stake in Assured Guaranty by 13.2% in the third quarter. Royce & Associates LP now owns 981,131 shares of the financial services provider’s stock valued at $78,020,000 after buying an additional 114,308 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Assured Guaranty by 0.3% during the third quarter. Principal Financial Group Inc. now owns 926,415 shares of the financial services provider’s stock valued at $73,670,000 after acquiring an additional 2,953 shares during the period. River Road Asset Management LLC bought a new position in shares of Assured Guaranty during the third quarter worth about $53,026,000. Finally, BNP Paribas Financial Markets grew its position in shares of Assured Guaranty by 50.7% during the third quarter. BNP Paribas Financial Markets now owns 434,173 shares of the financial services provider’s stock worth $34,525,000 after acquiring an additional 146,107 shares during the last quarter. 92.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AGO shares. StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. UBS Group lifted their price target on Assured Guaranty from $87.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Assured Guaranty from $92.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, November 18th.

Assured Guaranty Stock Performance

AGO stock opened at $90.95 on Thursday. The company has a 50-day simple moving average of $90.63 and a 200 day simple moving average of $85.47. The company has a market capitalization of $4.63 billion, a P/E ratio of 7.07 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. Assured Guaranty Ltd. has a fifty-two week low of $72.57 and a fifty-two week high of $96.60.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $1.00. The company had revenue of $269.00 million during the quarter, compared to analyst estimates of $202.57 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business’s revenue for the quarter was down 33.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.42 EPS. Sell-side analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.

Assured Guaranty Company Profile

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.