Tahithromos L.L.C. Acquires 16,066 Shares of Assured Guaranty Ltd. (AGO)
Tahithromos L.L.C. raised its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO) by 152.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,600 shares of the financial services provider’s stock after acquiring an additional 16,066 shares during the period. Assured Guaranty makes up 1.2% of Tahithromos L.L.C.’s holdings, making the stock its 13th largest position. Tahithromos L.L.C.’s holdings in Assured Guaranty were worth $901,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AGO. Unison Advisors LLC bought a new stake in shares of Assured Guaranty during the 4th quarter valued at $215,000. State of Alaska Department of Revenue bought a new stake in shares of Assured Guaranty during the 4th quarter valued at $237,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 acquiring an additional 2,208 shares during the last quarter. FineMark National Bank & Trust bought a new stake in shares of Assured Guaranty during the 3rd quarter valued at $259,000. Finally, 1st Global Advisors Inc. bought a new stake in shares of Assured Guaranty during the 2nd quarter valued at $414,000. Institutional investors own 96.47% of the company’s stock.
Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Assured Guaranty from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BTIG Research reissued a “buy” rating and issued a $50.00 price target on shares of Assured Guaranty in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $47.00 price target on shares of Assured Guaranty in a report on Wednesday, December 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.00.
Assured Guaranty declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
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About Assured Guaranty
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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