Assured Guaranty Ltd. (AGO) Position Cut by NFC Investments LLC
NFC Investments LLC lessened its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 406,913 shares of the financial services provider’s stock after selling 3,585 shares during the quarter. Assured Guaranty comprises 6.0% of NFC Investments LLC’s investment portfolio, making the stock its 4th biggest holding. NFC Investments LLC owned about 0.34% of Assured Guaranty worth $16,985,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in AGO. Parallel Advisors LLC grew its stake in Assured Guaranty by 2.3% during the 1st quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock worth $144,000 after buying an additional 84 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Assured Guaranty by 962.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,250 shares of the financial services provider’s stock worth $177,000 after buying an additional 3,850 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Assured Guaranty during the 1st quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Assured Guaranty by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,150 shares of the financial services provider’s stock worth $215,000 after buying an additional 539 shares during the last quarter. Finally, Quantum Capital Management purchased a new position in Assured Guaranty during the 2nd quarter worth approximately $218,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.
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Assured Guaranty Ltd. (NYSE AGO) traded down 0.50% during mid-day trading on Friday, reaching $37.54. The company’s stock had a trading volume of 719,023 shares. Assured Guaranty Ltd. has a 52 week low of $28.11 and a 52 week high of $45.73. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 4.22 and a beta of 1.65. The firm has a 50-day moving average of $40.92 and a 200-day moving average of $40.73.
Assured Guaranty (NYSE:AGO) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.44. The company had revenue of $308.00 million during the quarter, compared to analyst estimates of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The business’s revenue was down 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. On average, equities research analysts expect that Assured Guaranty Ltd. will post $4.86 earnings per share for the current year.
A number of research analysts recently issued reports on AGO shares. BTIG Research restated a “buy” rating and set a $49.00 price target on shares of Assured Guaranty in a research note on Friday, July 14th. BidaskClub upgraded Assured Guaranty from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. MKM Partners restated a “buy” rating on shares of Assured Guaranty in a research note on Thursday. UBS AG restated a “buy” rating and set a $47.00 price target (down previously from $49.00) on shares of Assured Guaranty in a research note on Wednesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price target on shares of Assured Guaranty in a research note on Tuesday, July 4th. 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 price target of $47.00.
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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