Reinhart Partners LLC. Sells 40,992 Shares of Assured Guaranty Ltd. $AGO

Reinhart Partners LLC. lowered its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,246,181 shares of the financial services provider’s stock after selling 40,992 shares during the quarter. Assured Guaranty comprises 2.3% of Reinhart Partners LLC.’s portfolio, making the stock its 22nd largest position. Reinhart Partners LLC.’s holdings in Assured Guaranty were worth $99,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC boosted its position in Assured Guaranty by 309.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 581 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 439 shares in the last quarter. Bank of America Corp DE raised its position in shares of Assured Guaranty by 33.3% in the 1st quarter. Bank of America Corp DE now owns 359,800 shares of the financial services provider’s stock worth $29,316,000 after acquiring an additional 89,979 shares in the last quarter. Amundi lifted its stake in shares of Assured Guaranty by 3.0% in the 1st quarter. Amundi now owns 56,510 shares of the financial services provider’s stock valued at $4,604,000 after purchasing an additional 1,656 shares during the period. California State Teachers Retirement System boosted its position in shares of Assured Guaranty by 16.0% during the first quarter. California State Teachers Retirement System now owns 49,603 shares of the financial services provider’s stock valued at $4,042,000 after purchasing an additional 6,848 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Assured Guaranty by 126.6% during the first quarter. Empowered Funds LLC now owns 4,993 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 2,790 shares in the last quarter. 92.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AGO has been the subject of a number of research reports. Roth Capital downgraded Assured Guaranty from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a report on Friday, May 8th. Wall Street Zen cut shares of Assured Guaranty from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings downgraded shares of Assured Guaranty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. UBS Group upgraded shares of Assured Guaranty from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday, May 18th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Assured Guaranty from $103.00 to $101.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.67.

Assured Guaranty Stock Performance

Assured Guaranty stock opened at $75.42 on Friday. Assured Guaranty Ltd. has a twelve month low of $72.76 and a twelve month high of $92.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.33 billion, a P/E ratio of 10.06 and a beta of 0.75. The stock’s 50 day moving average is $80.36 and its 200 day moving average is $81.90.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter. Assured Guaranty had a return on equity of 7.07% and a net margin of 37.34%.The business had revenue of $195.00 million during the quarter. On average, equities research analysts predict that Assured Guaranty Ltd. will post 7.08 earnings per share for the current fiscal year.

Assured Guaranty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.52 annualized dividend and a dividend yield of 2.0%. Assured Guaranty’s dividend payout ratio (DPR) is presently 17.45%.

Trending Headlines about Assured Guaranty

Here are the key news stories impacting Assured Guaranty this week:

• Positive Sentiment: Assured Guaranty declared a quarterly dividend of $0.38 per share, payable September 3 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.8%, providing ongoing shareholder income. Assured Guaranty dividend announcement
• Neutral Sentiment: The company posted updated investor materials and disclosures on August 7. No specific financial change or new guidance was identified in the announcement, so the immediate stock impact appears limited. Updated investor materials and disclosures
• Negative Sentiment: Second-quarter earnings were $1.23 per share, below consensus estimates ranging from $1.51 to $1.66. Although EPS increased from $1.01 a year earlier, the earnings miss is likely weighing on investor sentiment. Assured Guaranty Q2 earnings miss
• Negative Sentiment: Quarterly revenue was $195 million, below the approximately $205 million consensus estimate and down 30.6% year over year. The revenue shortfall, combined with the EPS miss, is the primary catalyst behind the stock’s decline. Assured Guaranty Q2 earnings snapshot Assured Guaranty revenue estimate miss

Insider Transactions at Assured Guaranty

In related news, COO Robert Bailenson sold 50,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $78.62, for a total transaction of $3,931,000.00. Following the sale, the chief operating officer directly owned 256,251 shares of the company’s stock, valued at approximately $20,146,453.62. This represents a 16.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lorin Radtke sold 1,047 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $74.32, for a total transaction of $77,813.04. Following the sale, the director owned 9,307 shares of the company’s stock, valued at approximately $691,696.24. This represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.70% of the stock is owned by insiders.

Assured Guaranty Company Profile

Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company’s primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events.

In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects.