GAMMA Investing LLC Grows Position in Assured Guaranty Ltd. (NYSE:AGO)

GAMMA Investing LLC grew its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,659 shares of the financial services provider’s stock after acquiring an additional 750 shares during the quarter. GAMMA Investing LLC’s holdings in Assured Guaranty were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its holdings in Assured Guaranty by 1.2% during the third quarter. Creative Planning now owns 11,140 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 135 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Assured Guaranty by 1.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,426 shares of the financial services provider’s stock worth $909,000 after buying an additional 144 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of 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 worth $466,000 after buying an additional 161 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Assured Guaranty by 1.6% in the third quarter. XTX Topco Ltd now owns 11,454 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 180 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Assured Guaranty by 66.6% during the third quarter. Assetmark Inc. now owns 493 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 197 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Assured Guaranty Stock Down 0.3 %

Shares of NYSE AGO opened at $89.66 on Wednesday. The business’s fifty day moving average price is $89.48 and its 200-day moving average price is $83.16. Assured Guaranty Ltd. has a one year low of $72.57 and a one year high of $96.60. The stock has a market capitalization of $4.56 billion, a PE ratio of 6.97 and a beta of 1.12. 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 (NYSE:AGO) last issued its 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. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The firm had revenue of $269.00 million during the quarter, compared to analyst estimates of $202.57 million. During the same quarter last year, the business earned $3.42 earnings per share. The company’s quarterly revenue was down 33.3% on a year-over-year basis. On average, equities research analysts anticipate that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Assured Guaranty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.24 annualized dividend and a dividend yield of 1.38%. Assured Guaranty’s dividend payout ratio is currently 9.63%.

About Assured Guaranty

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.