Assured Guaranty Ltd. (NYSE:AGO) Holdings Raised by Swiss National Bank

Swiss National Bank boosted its position in Assured Guaranty Ltd. (NYSE:AGO) by 0.5% in the first quarter, HoldingsChannel reports. The firm owned 192,600 shares of the financial services provider’s stock after buying an additional 900 shares during the quarter. Swiss National Bank’s holdings in Assured Guaranty were worth $8,557,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Cipher Capital LP bought a new stake in Assured Guaranty during the 4th quarter worth approximately $2,698,000. Dimensional Fund Advisors LP increased its holdings in Assured Guaranty by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,742,766 shares of the financial services provider’s stock worth $143,273,000 after acquiring an additional 11,441 shares during the period. Squarepoint Ops LLC bought a new stake in Assured Guaranty during the 4th quarter worth approximately $1,428,000. Prudential Financial Inc. increased its holdings in Assured Guaranty by 1.6% during the 4th quarter. Prudential Financial Inc. now owns 254,075 shares of the financial services provider’s stock worth $9,726,000 after acquiring an additional 4,100 shares during the period. Finally, Deutsche Bank AG increased its holdings in Assured Guaranty by 258.5% during the 4th quarter. Deutsche Bank AG now owns 280,211 shares of the financial services provider’s stock worth $10,724,000 after acquiring an additional 202,057 shares during the period. 96.21% of the stock is owned by institutional investors and hedge funds.

Assured Guaranty stock opened at $42.14 on Friday. The company has a market cap of $4.26 billion, a P/E ratio of 10.99 and a beta of 1.12. Assured Guaranty Ltd. has a 1-year low of $34.93 and a 1-year high of $47.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.51 and a current ratio of 0.51.

Assured Guaranty (NYSE:AGO) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Assured Guaranty had a net margin of 41.81% and a return on equity of 6.25%. The company had revenue of $234.00 million for the quarter, compared to analyst estimates of $228.29 million. During the same quarter last year, the firm earned $1.33 EPS. The firm’s quarterly revenue was down 20.1% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, May 21st.

Separately, MKM Partners upped their target price on shares of Assured Guaranty to $65.00 and gave the stock a “buy” rating in a report on Friday, May 10th.

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Assured Guaranty Company Profile

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers 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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