Point72 Asset Management L.P. Purchases New Holdings in Assured Guaranty Ltd. (AGO)

Point72 Asset Management L.P. purchased a new position in Assured Guaranty Ltd. (NYSE:AGO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,385 shares of the financial services provider’s stock, valued at approximately $958,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in Assured Guaranty during the 3rd quarter valued at $466,000. Evergreen Capital Management LLC bought a new stake in Assured Guaranty during the 3rd quarter valued at $501,000. APG Asset Management N.V. bought a new stake in shares of Assured Guaranty in the 3rd quarter worth $7,716,000. Aperio Group LLC raised its stake 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 worth $27,790,000 after buying an additional 42,742 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Assured Guaranty in the 3rd quarter worth $2,812,000. 95.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Assured Guaranty Ltd. (AGO) opened at $34.51 on Friday. Assured Guaranty Ltd. has a 12 month low of $33.55 and a 12 month high of $45.73. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4,066.25, a price-to-earnings ratio of 6.14 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.51. The company had revenue of $623.00 million for the quarter, compared to the consensus estimate of $262.09 million. Assured Guaranty had a return on equity of 10.59% and a net margin of 45.38%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 EPS.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 14th. Assured Guaranty’s payout ratio is 8.21%.

Assured Guaranty declared that its Board of Directors has initiated a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $47.00 price objective on shares of Assured Guaranty in a research note on Wednesday. MKM Partners reissued a “buy” rating on shares of Assured Guaranty in a research note on Thursday, October 5th. Finally, UBS reissued a “buy” rating and issued a $47.00 price objective (down previously from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Assured Guaranty currently has an average rating of “Buy” and a consensus price target of $48.25.

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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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