Reinhart Partners LLC. boosted its holdings in Assured Guaranty Ltd. (NYSE:AGO – Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,005,784 shares of the financial services provider’s stock after purchasing an additional 28,026 shares during the period. Assured Guaranty comprises 3.5% of Reinhart Partners LLC.’s holdings, making the stock its 6th largest position. Reinhart Partners LLC. owned approximately 1.98% of Assured Guaranty worth $90,531,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of AGO. Commonwealth Equity Services LLC boosted its position in Assured Guaranty by 2.7% in the second quarter. Commonwealth Equity Services LLC now owns 6,042 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 161 shares during the last quarter. TD Asset Management Inc purchased a new position in Assured Guaranty in the second quarter worth $378,000. Acadian Asset Management LLC boosted its position in Assured Guaranty by 263.9% in the second quarter. Acadian Asset Management LLC now owns 9,175 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 6,654 shares during the last quarter. Choreo LLC purchased a new position in Assured Guaranty in the second quarter worth $318,000. Finally, Texas Permanent School Fund Corp boosted its position in Assured Guaranty by 3.6% in the second quarter. Texas Permanent School Fund Corp now owns 49,293 shares of the financial services provider’s stock worth $3,803,000 after purchasing an additional 1,720 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.
Assured Guaranty Price Performance
Shares of Assured Guaranty stock traded up $0.19 during trading on Monday, hitting $86.27. 85,675 shares of the stock traded hands, compared to its average volume of 188,051. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 6.70 and a beta of 1.12. The firm’s fifty day moving average is $89.80 and its 200-day moving average is $83.49. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.60.
Assured Guaranty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, November 22nd. Assured Guaranty’s payout ratio is presently 9.63%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AGO. Keefe, Bruyette & Woods upped their price target on Assured Guaranty from $92.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. UBS Group boosted their price objective on Assured Guaranty from $87.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, StockNews.com upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.
Check Out Our Latest Stock Report on AGO
Assured Guaranty Profile
Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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