James Investment Research Inc. lowered its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 23.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,565 shares of the financial services provider’s stock after selling 4,571 shares during the period. James Investment Research Inc.’s holdings in Assured Guaranty were worth $615,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of AGO. Principal Financial Group Inc. raised its stake in Assured Guaranty by 12,329.9% during the first quarter. Principal Financial Group Inc. now owns 2,151,733 shares of the financial services provider’s stock worth $77,893,000 after purchasing an additional 2,134,422 shares during the period. BlackRock Inc. raised its stake in Assured Guaranty by 12.4% during the second quarter. BlackRock Inc. now owns 6,867,562 shares of the financial services provider’s stock worth $245,377,000 after purchasing an additional 757,761 shares during the period. Boston Partners raised its stake in shares of Assured Guaranty by 36.5% in the 2nd quarter. Boston Partners now owns 1,856,469 shares of the financial services provider’s stock valued at $66,332,000 after acquiring an additional 496,860 shares during the period. EJF Capital LLC purchased a new position in shares of Assured Guaranty in the 2nd quarter valued at $12,963,000. Finally, CarVal Investors LLC purchased a new position in shares of Assured Guaranty in the 2nd quarter valued at $11,302,000. 95.43% of the stock is currently owned by institutional investors.
AGO has been the topic of a number of research reports. ValuEngine raised shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $48.00 price target on shares of Assured Guaranty in a report on Friday, August 3rd.
AGO opened at $40.09 on Monday. The firm has a market cap of $4.35 billion, a P/E ratio of 9.90 and a beta of 1.30. Assured Guaranty Ltd. has a twelve month low of $32.97 and a twelve month high of $43.07. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.19.
In other Assured Guaranty news, CFO Robert Bailenson sold 16,723 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $40.42, for a total transaction of $675,943.66. Following the completion of the transaction, the chief financial officer now directly owns 252,786 shares of the company’s stock, valued at approximately $10,217,610.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dominic Frederico sold 118,294 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $40.73, for a total transaction of $4,818,114.62. Following the transaction, the chief executive officer now directly owns 1,180,680 shares of the company’s stock, valued at $48,089,096.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 380,734 shares of company stock valued at $15,571,121. 2.54% of the stock is owned by company insiders.
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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