KBC Group NV grew its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,225 shares of the financial services provider’s stock after buying an additional 8,960 shares during the quarter. KBC Group NV owned approximately 0.07% of Assured Guaranty worth $2,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in AGO. Unison Advisors LLC acquired a new stake in shares of Assured Guaranty during the 4th quarter valued at about $215,000. State of Alaska Department of Revenue acquired a new stake in shares of Assured Guaranty during the 4th quarter valued at about $237,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Assured Guaranty by 42.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,358 shares of the financial services provider’s stock valued at $249,000 after buying an additional 2,208 shares during the last quarter. FineMark National Bank & Trust acquired a new stake in shares of Assured Guaranty during the 3rd quarter valued at about $259,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Assured Guaranty by 68,682.4% during the 3rd quarter. Quantbot Technologies LP now owns 11,693 shares of the financial services provider’s stock valued at $441,000 after buying an additional 11,676 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.
Shares of Assured Guaranty Ltd. (AGO) opened at $38.07 on Tuesday. Assured Guaranty Ltd. has a 1-year low of $32.97 and a 1-year high of $45.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $4,471.47, a PE ratio of 6.75 and a beta of 1.43.
Assured Guaranty announced that its board has authorized a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Several equities research analysts have recently issued reports on AGO shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $47.00 price target on shares of Assured Guaranty in a report on Wednesday, December 20th. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Assured Guaranty in a report on Tuesday, February 6th. Finally, ValuEngine lowered Assured Guaranty from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Assured Guaranty presently has an average rating of “Buy” and an average target price of $48.00.
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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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