Natixis Advisors LP increased its equity position in Assured Guaranty Ltd. (NYSE:AGO – Get Rating) by 11.6% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company owned 19,468 shares of the financial services provider after purchasing an additional 2,026 of his shares during the period. Natixis Advisors LP’s holdings in Assured Guaranty were valued at $1,212,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also increased or decreased their stakes in the company recently. Ronald Blue Trust Inc. increased his Assured Guaranty holdings by 46.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 540 shares of the financial services provider worth $26,000 after acquiring an additional 172 of his shares last quarter. TCI Wealth Advisors Inc. increased its stake in Assured Guaranty by 59.8% in the third quarter. TCI Wealth Advisors Inc. now owns 532 shares of the financial services provider worth $26,000 after purchasing an additional 199 shares of him during this period. Eaton Vance Management increased its stake in Assured Guaranty by 2.1% in the first quarter. Eaton Vance Management now owns 10,252 shares of the financial services provider worth $653,000 after purchasing an additional 206 shares during this period. Raymond James Trust NA increased his Assured Guaranty holdings by 6.9% in the third quarter. Raymond James Trust NA now owns 4,306 shares of the financial services provider worth $209,000 after purchasing an additional 279 shares during this period. Finally, Brinker Capital Investments LLC increased its stake in Assured Guaranty by 4.0% in the first quarter. Brinker Capital Investments LLC now owns 9,976 shares of the financial services provider worth $635,000 after purchasing an additional 383 shares during this period. Hedge funds and other institutional investors own 90.51% of the company’s shares.
Analyst Rating Change
Several research firms have recently commented on AGO. Roth Capital reaffirmed its ‘Buy’ rating on Assured Guaranty’s shares in a report on Wednesday, March 1. StockNews.com downgraded Assured Guaranty shares from a ‘hold’ rating to a ‘sell’ rating in a research note on Wednesday, April 5.
Guaranteed deals down 1.3%
Assured Guaranty shares opened at $53.70 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt to equity ratio of 0.32. The company has a 50-day moving average price of $54.93 and a 200-day moving average price of $58.28. The company has a market capitalization of $3.18 billion, a price/earnings ratio of 27.68 and a beta of 1.10. Assured Guaranty Ltd. has a 52-week low of $45.21 and a 52-week high of $67.13.
Assured Guaranty (NYSE:AGO – Get Rating) last reported quarterly results on Tuesday, Feb. 28. The financial services provider reported his EPS of $0.22 for the quarter. Assured Guaranty posted a net profit margin of 17.15% and a return on equity of 4.88%. The company’s quarterly revenue was $292 million. Sell-side analysts expect Assured Guaranty Ltd.’s earnings per share to be 4.6 this year.
Increased dividends due to solid guarantees
The business recently announced a quarterly dividend, which was paid out on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8 were awarded a dividend of $0.28 per share. This represents his $1.12 dividend and his 2.09% dividend yield on an annual basis. This is an increase from Assured Guaranty’s previous quarterly dividend of $0.25. The ex-dividend date for this dividend was Tuesday, March 7. The Assured Guarantee payout percentage is 57.73%.
About peace of mind guarantee
Assured Guaranty Ltd. is a holding company and through its subsidiaries provides credit guarantee products to the US and international public and structured finance markets. It operates through the following segments: Insurance and Wealth Management. The Insurance segment includes the Company’s domestic and foreign insurance subsidiaries and a wholly-owned subsidiary that provides credit protection products in the United States.
Want to know what other hedge funds hold AGO? Visit HoldingsChannel.com to get the latest Assured Guaranty Ltd. (NYSE: AGO – Get Rating) 13F filings and insider trading.
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