Assured Guaranty Ltd. (AGO) Stake Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its holdings in Assured Guaranty Ltd. (NYSE:AGO) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 632,793 shares of the financial services provider’s stock after acquiring an additional 19,538 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.54% of Assured Guaranty worth $23,888,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Assured Guaranty by 962.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,250 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 3,850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Assured Guaranty by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,150 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 539 shares during the period. Quantum Capital Management acquired a new stake in shares of Assured Guaranty in the 2nd quarter valued at about $218,000. FineMark National Bank & Trust acquired a new stake in shares of Assured Guaranty in the 3rd quarter valued at about $259,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Assured Guaranty in the 2nd quarter valued at about $288,000. Institutional investors and hedge funds own 95.87% of the company’s stock.

Shares of Assured Guaranty Ltd. (AGO) opened at $34.19 on Friday. Assured Guaranty Ltd. has a 1 year low of $33.78 and a 1 year high of $45.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $4,034.54, a P/E ratio of 6.09 and a beta of 1.64.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.51. Assured Guaranty had a return on equity of 10.59% and a net margin of 45.38%. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $262.09 million. During the same period last year, the firm earned $3.74 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis.

Assured Guaranty announced that its board has authorized a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.142 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.57 dividend on an annualized basis and a yield of 1.66%. Assured Guaranty’s payout ratio is 8.21%.

A number of brokerages recently issued reports on AGO. MKM Partners reissued a “buy” rating on shares of Assured Guaranty in a research report on Thursday, October 5th. UBS reissued a “buy” rating and issued a $47.00 target price (down from $49.00) on shares of Assured Guaranty in a research report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.00.

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Assured Guaranty Profile

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.

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

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