Squarepoint Ops LLC increased its holdings in Assured Guaranty Ltd. (NYSE:AGO – Free Report) by 856.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,842 shares of the financial services provider’s stock after buying an additional 67,913 shares during the period. Squarepoint Ops LLC owned about 0.17% of Assured Guaranty worth $6,079,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in AGO. BlackRock Inc. acquired a new position in Assured Guaranty during the second quarter worth about $463,926,000. California State Teachers Retirement System grew its position in shares of Assured Guaranty by 7,687.3% in the second quarter. California State Teachers Retirement System now owns 3,862,750 shares of the financial services provider’s stock valued at $309,638,000 after purchasing an additional 3,813,147 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Assured Guaranty by 2.3% during the 4th quarter. River Road Asset Management LLC now owns 1,885,863 shares of the financial services provider’s stock worth $169,483,000 after purchasing an additional 42,311 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Assured Guaranty by 9.8% during the 4th quarter. First Trust Advisors LP now owns 1,464,219 shares of the financial services provider’s stock worth $131,589,000 after purchasing an additional 131,195 shares in the last quarter. Finally, Reinhart Partners LLC. raised its position in shares of Assured Guaranty by 11.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,262,698 shares of the financial services provider’s stock worth $113,480,000 after purchasing an additional 132,351 shares during the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.
Assured Guaranty Stock Performance
Shares of AGO opened at $72.98 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 9.73 and a beta of 0.73. The company’s 50 day simple moving average is $79.22 and its 200 day simple moving average is $80.02. Assured Guaranty Ltd. has a 1 year low of $72.13 and a 1 year high of $92.39.
Assured Guaranty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. Assured Guaranty’s dividend payout ratio (DPR) is 20.27%.
Insider Activity at Assured Guaranty
In other Assured Guaranty news, major shareholder Guaranty Ltd Assured acquired 209,388 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average price of $24.83 per share, with a total value of $5,199,104.04. Following the completion of the transaction, the insider directly owned 1,212,106 shares in the company, valued at approximately $30,096,591.98. This trade represents a 20.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
AGO has been the topic of a number of recent research reports. Wall Street Zen raised Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Keefe, Bruyette & Woods cut their price target on Assured Guaranty from $101.00 to $97.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. UBS Group upgraded Assured Guaranty from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings lowered Assured Guaranty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $90.33.
Check Out Our Latest Report on AGO
Assured Guaranty Company Profile
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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