Assured Guaranty Ltd. (AGO) Shares Sold by Chicago Equity Partners LLC

Chicago Equity Partners LLC reduced its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 25.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500,995 shares of the financial services provider’s stock after selling 170,465 shares during the period. Assured Guaranty makes up about 0.6% of Chicago Equity Partners LLC’s investment portfolio, making the stock its 27th largest position. Chicago Equity Partners LLC owned approximately 0.42% of Assured Guaranty worth $18,913,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of Assured Guaranty by 6.2% in the 3rd quarter. Aperio Group LLC now owns 736,147 shares of the financial services provider’s stock valued at $27,790,000 after purchasing an additional 42,742 shares during the period. APG Asset Management N.V. acquired a new position in shares of Assured Guaranty in the 3rd quarter valued at $7,716,000. FineMark National Bank & Trust acquired a new position in shares of Assured Guaranty in the 3rd quarter valued at $259,000. Mycio Wealth Partners LLC boosted its position in shares of Assured Guaranty by 64.6% in the 3rd quarter. Mycio Wealth Partners LLC now owns 15,285 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 6,000 shares during the period. Finally, LSV Asset Management boosted its position in shares of Assured Guaranty by 16.0% in the 2nd quarter. LSV Asset Management now owns 1,055,331 shares of the financial services provider’s stock valued at $44,049,000 after purchasing an additional 145,300 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently weighed in on the company. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research report on Thursday, October 5th. UBS AG reiterated a “buy” rating and issued a $47.00 price target (down previously from $49.00) on shares of Assured Guaranty in a research report on Wednesday, October 4th. BidaskClub lowered Assured Guaranty from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BTIG Research restated a “buy” rating and set a $49.00 price objective on shares of Assured Guaranty in a research report on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.00.

Shares of Assured Guaranty Ltd. (AGO) traded down $0.72 during mid-day trading on Monday, hitting $36.57. The company had a trading volume of 119,861 shares, compared to its average volume of 1,200,000. Assured Guaranty Ltd. has a 1-year low of $30.38 and a 1-year high of $45.73. The company has a market cap of $4,380.00, a P/E ratio of 6.61 and a beta of 1.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.49 and a quick ratio of 0.49.

Assured Guaranty (NYSE:AGO) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.51. The business had revenue of $623.00 million during the quarter, compared to analyst estimates of $262.09 million. Assured Guaranty had a return on equity of 10.69% and a net margin of 45.38%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.74 EPS.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.142 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.57 dividend on an annualized basis and a yield of 1.55%. Assured Guaranty’s dividend payout ratio (DPR) is currently 8.19%.

Assured Guaranty declared that its board has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

About Assured Guaranty

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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