Allianz Asset Management GmbH boosted its stake in Assured Guaranty Ltd. (NYSE:AGO) by 51.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,752 shares of the financial services provider’s stock after acquiring an additional 45,596 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Assured Guaranty worth $4,564,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. bought a new stake in Assured Guaranty in the 4th quarter valued at $185,000. Greenleaf Trust bought a new stake in Assured Guaranty in the 4th quarter valued at $205,000. Unison Advisors LLC bought a new stake in Assured Guaranty in the 4th quarter valued at $215,000. State of Alaska Department of Revenue bought a new stake in Assured Guaranty in the 4th quarter valued at $237,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Assured Guaranty by 42.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,358 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 2,208 shares in the last quarter. 97.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Assured Guaranty Ltd. (NYSE AGO) opened at $35.54 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.50 and a current ratio of 0.50. Assured Guaranty Ltd. has a 52-week low of $32.97 and a 52-week high of $45.73. The company has a market cap of $4,057.80, a PE ratio of 6.03 and a beta of 1.40.
Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.71 by $0.06. Assured Guaranty had a net margin of 41.98% and a return on equity of 9.76%. The firm had revenue of $283.00 million for the quarter, compared to analysts’ expectations of $273.89 million. During the same period in the previous year, the firm posted $1.05 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This is a boost from Assured Guaranty’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.80%. Assured Guaranty’s payout ratio is 10.87%.
AGO has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Assured Guaranty in a research report on Wednesday, December 20th. ValuEngine cut shares of Assured Guaranty from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Assured Guaranty in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $48.00.
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Assured Guaranty Company 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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