57,481 Assured Guaranty Ltd. $AGO Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its stake in Assured Guaranty Ltd. (NYSE:AGO) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,188,700 shares of the financial services provider’s stock after selling 57,481 shares during the quarter. Assured Guaranty accounts for about 2.0% of Reinhart Partners LLC.’s holdings, making the stock its 22nd biggest position. Reinhart Partners LLC.’s holdings in Assured Guaranty were worth $80,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Assured Guaranty by 22.9% during the third quarter. GAMMA Investing LLC now owns 3,482 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 648 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Assured Guaranty by 23.0% in the third quarter. Farther Finance Advisors LLC now owns 3,224 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 603 shares in the last quarter. Versant Capital Management Inc increased its position in Assured Guaranty by 82.8% in the 3rd quarter. Versant Capital Management Inc now owns 2,173 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 984 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Assured Guaranty by 8.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,577 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Assured Guaranty by 14.1% during the 2nd quarter. Tidal Investments LLC now owns 15,728 shares of the financial services provider’s stock worth $1,261,000 after purchasing an additional 1,949 shares in the last quarter. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Guaranty Ltd Assured purchased 209,388 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of $24.83 per share, with a total value of $5,199,104.04. Following the completion of the transaction, the insider directly owned 1,212,106 shares in the company, valued at $30,096,591.98. This trade represents a 20.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by company insiders.

Assured Guaranty Price Performance

Shares of NYSE:AGO opened at $69.91 on Friday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 9.32 and a beta of 0.73. The business has a 50-day moving average of $73.57 and a two-hundred day moving average of $77.91. Assured Guaranty Ltd. has a fifty-two week low of $67.24 and a fifty-two week high of $92.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.64 and a quick ratio of 0.64.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $1.23 EPS for the quarter. Assured Guaranty had a return on equity of 7.11% and a net margin of 37.34%. The business had revenue of $195.00 million for the quarter. On average, equities research analysts predict that Assured Guaranty Ltd. will post 6.91 EPS for the current fiscal year.

Assured Guaranty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, August 20th. Assured Guaranty’s dividend payout ratio (DPR) is 20.27%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AGO shares. Wall Street Zen upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings downgraded Assured Guaranty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. Keefe, Bruyette & Woods cut their price objective on shares of Assured Guaranty from $101.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. UBS Group set a $91.00 target price on shares of Assured Guaranty in a research note on Monday, September 14th. Finally, Roth Capital raised shares of Assured Guaranty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $85.00 in a research report on Friday, September 25th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Assured Guaranty Company Profile

Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company that provides financial guarantees and related insurance services through its subsidiaries. The company helps protect investors and lenders from losses arising from defaults on debt obligations, with a primary focus on public finance and structured finance markets.

Its public finance business provides guarantees for municipal bonds and other obligations issued to fund essential infrastructure and public services, including transportation, utilities, healthcare and education.