Robeco Institutional Asset Management B.V. lifted its stake in Assured Guaranty Ltd. (NYSE:AGO) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 970,158 shares of the financial services provider’s stock after acquiring an additional 37,455 shares during the period. Robeco Institutional Asset Management B.V. owned 0.86% of Assured Guaranty worth $34,665,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in Assured Guaranty by 12,329.9% in the 1st quarter. Principal Financial Group Inc. now owns 2,151,733 shares of the financial services provider’s stock valued at $77,893,000 after buying an additional 2,134,422 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in Assured Guaranty in the 1st quarter valued at approximately $40,577,000. Millennium Management LLC grew its holdings in Assured Guaranty by 7,051.0% in the 1st quarter. Millennium Management LLC now owns 907,823 shares of the financial services provider’s stock valued at $32,863,000 after buying an additional 895,128 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Assured Guaranty by 120.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,136,313 shares of the financial services provider’s stock valued at $41,082,000 after buying an additional 621,170 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Assured Guaranty by 14,357.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 526,104 shares of the financial services provider’s stock valued at $19,045,000 after buying an additional 522,465 shares during the last quarter. 97.68% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Howard Albert sold 13,361 shares of Assured Guaranty stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $37.70, for a total transaction of $503,709.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.62% of the stock is currently owned by company insiders.

A number of analysts have issued reports on AGO shares. BTIG Research reaffirmed a “buy” rating and issued a $51.00 target price on shares of Assured Guaranty in a report on Wednesday, April 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $48.00 target price on shares of Assured Guaranty in a report on Friday, August 3rd. Finally, ValuEngine lowered Assured Guaranty from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.67.

Shares of NYSE:AGO opened at $40.97 on Friday. Assured Guaranty Ltd. has a 1-year low of $32.97 and a 1-year high of $44.15. The company has a market cap of $4.49 billion, a PE ratio of 10.23 and a beta of 1.37. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.19.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). Assured Guaranty had a return on equity of 7.02% and a net margin of 37.52%. The firm had revenue of $221.00 million for the quarter, compared to analyst estimates of $236.91 million. During the same period in the previous year, the business posted $1.16 EPS. Assured Guaranty’s revenue for the quarter was down 28.2% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 14th.

Assured Guaranty 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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Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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