Assured Guaranty Ltd. (NYSE:AGO – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $69.96 and last traded at $71.1870, with a volume of 1697563 shares traded. The stock had previously closed at $70.35.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of Assured Guaranty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 9th. Keefe, Bruyette & Woods reduced their price objective on shares of Assured Guaranty from $101.00 to $97.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. UBS Group set a $91.00 price objective on Assured Guaranty in a report on Monday, September 14th. Finally, Wall Street Zen raised Assured Guaranty from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Assured Guaranty has a consensus rating of “Hold” and an average target price of $89.33.
Check Out Our Latest Research Report on Assured Guaranty
Assured Guaranty Trading Up 0.9%
Assured Guaranty (NYSE:AGO – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $1.23 earnings per share for the quarter. The firm had revenue of $195.00 million during the quarter. Assured Guaranty had a return on equity of 7.11% and a net margin of 37.34%. Equities analysts anticipate that Assured Guaranty Ltd. will post 6.91 earnings per share for the current year.
Assured Guaranty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.52 annualized dividend and a yield of 2.1%. Assured Guaranty’s payout ratio is 20.27%.
Insider Activity
In related news, major shareholder Guaranty Ltd Assured acquired 209,388 shares of Assured Guaranty stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $24.83 per share, with a total value of $5,199,104.04. Following the transaction, the insider directly owned 1,212,106 shares in the company, valued at $30,096,591.98. This represents a 20.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.70% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its stake in Assured Guaranty by 8.3% in the second quarter. Sequoia Financial Advisors LLC now owns 13,577 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 1,037 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Assured Guaranty by 14.1% during the 2nd quarter. Tidal Investments LLC now owns 15,728 shares of the financial services provider’s stock worth $1,261,000 after purchasing an additional 1,949 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Assured Guaranty by 568.4% during the 2nd quarter. Engineers Gate Manager LP now owns 36,943 shares of the financial services provider’s stock worth $2,961,000 after purchasing an additional 31,416 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Assured Guaranty by 856.5% in the 2nd quarter. Squarepoint Ops LLC now owns 75,842 shares of the financial services provider’s stock valued at $6,079,000 after buying an additional 67,913 shares during the period. Finally, Amundi grew its stake in shares of Assured Guaranty by 37.8% in the 2nd quarter. Amundi now owns 77,873 shares of the financial services provider’s stock valued at $6,242,000 after buying an additional 21,363 shares during the period. 92.22% of the stock is owned by institutional investors.
About Assured Guaranty
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based financial services company that provides financial guarantees and related credit enhancement products. Through its operating subsidiaries, the company helps support the repayment of debt issued by public-sector entities, infrastructure projects and other borrowers.
The company’s principal business is financial guaranty insurance, which generally protects investors against scheduled principal and interest payment defaults on insured obligations.
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