Assured Guaranty Ltd. (AGO) Shares Bought by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans boosted its position in Assured Guaranty Ltd. (NYSE:AGO) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,980,060 shares of the financial services provider’s stock after purchasing an additional 18,350 shares during the period. Thrivent Financial For Lutherans owned approximately 2.45% of Assured Guaranty worth $124,388,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Assured Guaranty by 2.3% during the 1st quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 84 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Assured Guaranty during the 1st quarter valued at $205,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Assured Guaranty by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,150 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 539 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of Assured Guaranty during the 2nd quarter valued at $288,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Assured Guaranty by 16.8% during the 1st quarter. Advisors Asset Management Inc. now owns 7,967 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 1,147 shares during the last quarter. Institutional investors own 96.77% of the company’s stock.

A number of equities research analysts have recently commented on the company. BidaskClub downgraded Assured Guaranty from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BTIG Research reiterated a “buy” rating and set a $49.00 price objective on shares of Assured Guaranty in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of Assured Guaranty in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Assured Guaranty currently has a consensus rating of “Buy” and an average price target of $46.50.

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Shares of Assured Guaranty Ltd. (AGO) traded up 1.45% during midday trading on Friday, hitting $42.73. The stock had a trading volume of 1,092,201 shares. The stock has a 50-day moving average of $42.92 and a 200 day moving average of $40.82. Assured Guaranty Ltd. has a 52 week low of $26.37 and a 52 week high of $45.73. The stock has a market cap of $5.09 billion, a PE ratio of 4.80 and a beta of 1.67.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.44. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The firm had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $288.15 million. During the same period last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. Analysts anticipate that Assured Guaranty Ltd. will post $4.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were paid a $0.142 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.57 dividend on an annualized basis and a yield of 1.33%. Assured Guaranty’s payout ratio is presently 6.46%.

Assured Guaranty Company Profile

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.

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

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