Macquarie Group Ltd. Boosts Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Macquarie Group Ltd. grew its holdings in Assured Guaranty Ltd. (NYSE:AGO) by 37.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,200 shares of the financial services provider’s stock after buying an additional 12,800 shares during the period. Macquarie Group Ltd.’s holdings in Assured Guaranty were worth $1,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AGO. APG Asset Management N.V. bought a new stake in shares of Assured Guaranty in the 3rd quarter worth about $7,716,000. Aperio Group LLC lifted its holdings in shares of Assured Guaranty by 6.2% in the 3rd quarter. Aperio Group LLC now owns 736,147 shares of the financial services provider’s stock worth $27,790,000 after acquiring an additional 42,742 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Assured Guaranty in the 3rd quarter worth about $2,812,000. FineMark National Bank & Trust bought a new stake in shares of Assured Guaranty in the 3rd quarter worth about $259,000. Finally, Mycio Wealth Partners LLC lifted its holdings in shares of Assured Guaranty by 64.6% in the 3rd quarter. Mycio Wealth Partners LLC now owns 15,285 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 6,000 shares during the last quarter. 95.84% of the stock is owned by institutional investors and hedge funds.

Shares of Assured Guaranty Ltd. (NYSE AGO) traded down $0.13 on Friday, reaching $33.87. 669,515 shares of the company were exchanged, compared to its average volume of 895,074. Assured Guaranty Ltd. has a one year low of $33.53 and a one year high of $45.73. The company has a market cap of $3,993.43, a price-to-earnings ratio of 4.88 and a beta of 1.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.19.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.51. The company had revenue of $623.00 million during the quarter, compared to analyst estimates of $262.09 million. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $3.74 EPS.

Assured Guaranty declared that its board has approved a share repurchase plan on Thursday, November 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Several research firms have recently issued reports on AGO. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 target price on shares of Assured Guaranty in a report on Wednesday, December 20th. MKM Partners restated a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. Finally, UBS Group restated a “buy” rating and issued a $47.00 target price (down previously from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.25.

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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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