Stifel Financial Corp Has $4.76 Million Holdings in Assured Guaranty Ltd. (AGO)
Stifel Financial Corp cut its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 35.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,328 shares of the financial services provider’s stock after selling 61,970 shares during the period. Stifel Financial Corp owned approximately 0.10% of Assured Guaranty worth $4,758,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC raised 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 valued at $144,000 after acquiring an additional 84 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Assured Guaranty during the 1st quarter valued at approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $215,000 after acquiring an additional 539 shares during the last quarter. Quantum Capital Management purchased a new stake in Assured Guaranty during the 2nd quarter valued at approximately $218,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Assured Guaranty during the 2nd quarter valued at approximately $288,000. 96.71% of the stock is owned by hedge funds and other institutional investors.
Assured Guaranty Ltd. (NYSE AGO) opened at 37.54 on Monday. The firm’s 50-day moving average price is $40.92 and its 200 day moving average price is $40.73. Assured Guaranty Ltd. has a 52-week low of $28.11 and a 52-week high of $45.73. The firm has a market cap of $4.47 billion, a PE ratio of 4.22 and a beta of 1.65.
Assured Guaranty (NYSE:AGO) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.44. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The firm had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $288.15 million. During the same quarter last year, the company posted $1.03 earnings per share. Assured Guaranty’s revenue was down 22.2% on a year-over-year basis. On average, equities analysts anticipate that Assured Guaranty Ltd. will post $4.86 earnings per share for the current year.
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Several research firms have commented on AGO. MKM Partners reaffirmed a “buy” rating on shares of Assured Guaranty in a research note on Thursday. UBS AG reaffirmed a “buy” rating and set a $47.00 price objective (down from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. BidaskClub downgraded Assured Guaranty from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price objective on shares of Assured Guaranty in a research note on Tuesday, July 4th. Finally, BTIG Research reaffirmed a “buy” rating and set a $49.00 price objective on shares of Assured Guaranty in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Assured Guaranty currently has a consensus rating of “Buy” and an average price target of $47.00.
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.
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