Choreo LLC acquired a new position in shares of Assured Guaranty Ltd. (NYSE:AGO – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,070 shares of the financial services provider’s stock, valued at approximately $318,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Reinhart Partners LLC. grew its position in shares of Assured Guaranty by 1.8% during the second quarter. Reinhart Partners LLC. now owns 906,644 shares of the financial services provider’s stock worth $69,948,000 after acquiring an additional 16,110 shares during the last quarter. Norges Bank acquired a new stake in shares of Assured Guaranty in the fourth quarter valued at approximately $41,609,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Assured Guaranty by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 407,268 shares of the financial services provider’s stock valued at $30,476,000 after buying an additional 4,699 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Assured Guaranty during the first quarter worth approximately $25,554,000. Finally, Victory Capital Management Inc. grew its holdings in Assured Guaranty by 2.3% in the 2nd quarter. Victory Capital Management Inc. now owns 285,191 shares of the financial services provider’s stock worth $22,002,000 after buying an additional 6,316 shares in the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.
Assured Guaranty Trading Up 0.2 %
Shares of AGO stock opened at $80.88 on Wednesday. The stock has a 50-day simple moving average of $78.74 and a 200 day simple moving average of $80.04. The stock has a market capitalization of $4.40 billion, a P/E ratio of 6.25 and a beta of 1.11. Assured Guaranty Ltd. has a fifty-two week low of $58.27 and a fifty-two week high of $96.60. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.30.
Assured Guaranty Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.53%. Assured Guaranty’s dividend payout ratio (DPR) is presently 9.58%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on AGO shares. Roth Mkm reiterated a “buy” rating and set a $110.00 price target on shares of Assured Guaranty in a research report on Tuesday, July 9th. StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Keefe, Bruyette & Woods raised shares of Assured Guaranty from a “market perform” rating to an “outperform” rating and raised their target price for the company from $87.00 to $92.00 in a research note on Tuesday, July 9th. Finally, UBS Group reduced their price target on shares of Assured Guaranty from $102.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.
Get Our Latest Analysis on Assured Guaranty
Insider Transactions at Assured Guaranty
In other news, CEO Dominic Frederico sold 40,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $78.12, for a total transaction of $3,124,800.00. Following the sale, the chief executive officer now directly owns 1,410,824 shares of the company’s stock, valued at $110,213,570.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.
Assured Guaranty 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.
Recommended Stories
- Five stocks we like better than Assured Guaranty
- Investing in Commodities: What Are They? How to Invest in Them
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- The Basics of Support and Resistance
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Assured Guaranty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty and related companies with MarketBeat.com's FREE daily email newsletter.