Macquarie Group Ltd. Cuts Stake in Assured Guaranty Ltd. (AGO)

Macquarie Group Ltd. trimmed its position in Assured Guaranty Ltd. (NYSE:AGO) by 17.4% during the fourth quarter, HoldingsChannel reports. The firm owned 39,000 shares of the financial services provider’s stock after selling 8,200 shares during the quarter. Macquarie Group Ltd.’s holdings in Assured Guaranty were worth $1,321,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Assured Guaranty by 17.6% in the third quarter. Parametric Portfolio Associates LLC now owns 392,052 shares of the financial services provider’s stock valued at $14,800,000 after purchasing an additional 58,705 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Assured Guaranty by 3.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 632,793 shares of the financial services provider’s stock valued at $23,888,000 after purchasing an additional 19,538 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Assured Guaranty by 296.5% in the fourth quarter. Renaissance Technologies LLC now owns 883,900 shares of the financial services provider’s stock valued at $29,938,000 after purchasing an additional 661,000 shares in the last quarter. KBC Group NV lifted its holdings in shares of Assured Guaranty by 4,036.9% in the third quarter. KBC Group NV now owns 73,265 shares of the financial services provider’s stock valued at $2,766,000 after purchasing an additional 71,494 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Assured Guaranty by 5.9% in the third quarter. Legal & General Group Plc now owns 126,949 shares of the financial services provider’s stock valued at $4,793,000 after purchasing an additional 7,111 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

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NYSE:AGO opened at $37.24 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. The stock has a market capitalization of $4,268.76, a P/E ratio of 6.91 and a beta of 1.31. Assured Guaranty Ltd. has a 52-week low of $32.97 and a 52-week high of $45.73.

Assured Guaranty (NYSE:AGO) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The business had revenue of $283.00 million for the quarter, compared to the consensus estimate of $273.89 million. Assured Guaranty had a return on equity of 9.76% and a net margin of 41.98%. During the same quarter in the previous year, the business earned $1.05 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from Assured Guaranty’s previous quarterly dividend of $0.14.

A number of analysts have recently commented on the company. ValuEngine lowered Assured Guaranty from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BTIG Research restated 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 restated 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $48.00.

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

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