TIAA FSB elevated its holdings in Assured Guaranty Ltd. (NYSE:AGO) by 6.three% within the third quarter, in keeping with its most up-to-date 13F submitting with the Securities and Exchange Commission (SEC). The institutional investor owned 85,973 shares of the monetary companies supplier’s inventory after shopping for an extra 5,086 shares in the course of the quarter. TIAA FSB owned about zero.07% of Assured Guaranty value $three,245,000 on the finish of the latest reporting interval.
Other hedge funds have additionally modified their holdings of the corporate. BlackRock Inc. boosted its stake in Assured Guaranty by 2,281.9% in the course of the 1st quarter. BlackRock Inc. now owns 6,309,856 shares of the monetary companies supplier’s inventory valued at $234,159,000 after buying an extra 6,044,950 shares within the final quarter. Kahn Brothers Group Inc. DE boosted its stake in Assured Guaranty by 101.7% in the course of the 2nd quarter. Kahn Brothers Group Inc. DE now owns 776,705 shares of the monetary companies supplier’s inventory valued at $32,420,000 after buying an extra 391,575 shares within the final quarter. Denali Advisors LLC purchased a brand new place in Assured Guaranty in the course of the 2nd quarter valued at $12,601,000. Chicago Equity Partners LLC boosted its stake in Assured Guaranty by 72.2% in the course of the 2nd quarter. Chicago Equity Partners LLC now owns 671,460 shares of the monetary companies supplier’s inventory valued at $28,027,000 after buying an extra 281,630 shares within the final quarter. Finally, FMR LLC boosted its stake in Assured Guaranty by 228.zero% in the course of the 1st quarter. FMR LLC now owns 390,593 shares of the monetary companies supplier’s inventory valued at $14,495,000 after buying an extra 271,501 shares within the final quarter. 97.01% of the inventory is owned by institutional buyers and hedge funds.
A variety of brokerages have not too long ago commented on AGO. BidaskClub downgraded Assured Guaranty from a “buy” score to a “hold” score in a badysis report on Monday, July 31st. UBS AG reiterated a “buy” score and set a $47.00 worth goal (down beforehand from $49.00) on shares of Assured Guaranty in a badysis report on Wednesday, October 4th. Finally, MKM Partners reiterated a “buy” score on shares of Assured Guaranty in a badysis report on Thursday, October fifth. Two badysis badysts have rated the inventory with a maintain score and three have issued a purchase score to the inventory. The inventory presently has a median score of “Buy” and a median worth goal of $47.00.
Assured Guaranty Ltd. (NYSE:AGO) traded up $zero.17 on Friday, hitting $37.12. The inventory had a buying and selling quantity of 562,000 shares, in comparison with its common quantity of 1,166,572. The inventory has a market capitalization of $four,359.89, a price-to-earnings ratio of 6.58 and a beta of 1.66. Assured Guaranty Ltd. has a one yr low of $33.55 and a one yr excessive of $45.73. The firm has a debt-to-equity ratio of zero.19, a present ratio of zero.56 and a fast ratio of zero.49.
Assured Guaranty (NYSE:AGO) final launched its earnings outcomes on Thursday, November 2nd. The monetary companies supplier reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $zero.78 by $zero.51. The firm had income of $623.00 million in the course of the quarter, in comparison with badyst estimates of $262.09 million. Assured Guaranty had a return on fairness of 10.59% and a web margin of 45.38%. The firm’s income for the quarter was up 10.1% on a year-over-year foundation. During the identical quarter within the prior yr, the corporate earned $three.74 earnings per share.
Assured Guaranty introduced that its Board of Directors has initiated a inventory buyback program on Thursday, November 2nd that allows the corporate to buyback $300.00 million in shares. This buyback authorization permits the monetary companies supplier to buy shares of its inventory by means of open market purchases. Stock buyback packages are normally a sign that the corporate’s administration believes its shares are undervalued.
The firm additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Wednesday, November 29th. Investors of file on Wednesday, November 15th will probably be issued a dividend of $zero.142 per share. The ex-dividend date is Tuesday, November 14th. This represents a $zero.57 annualized dividend and a dividend yield of 1.53%. Assured Guaranty’s dividend payout ratio is eight.21%.
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About Assured Guaranty
Assured Guaranty Ltd. is a holding firm. The Company, by means of its subsidiaries, offers credit score safety merchandise to the United States and worldwide public finance, together with infrastructure, and structured finance markets. It applies its credit score underwriting judgment, threat administration abilities and capital markets expertise primarily to supply monetary warranty insurance coverage that protects holders of debt devices and different financial obligations from defaults in scheduled funds.
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