Quantitative Systematic Strategies LLC increased its position in Assured Guaranty Ltd. (NYSE:AGO) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,082 shares of the company’s stock after buying an additional 1,381 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Assured Guaranty were worth $767,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its position in Assured Guaranty by 86.2% in the first quarter. Loomis Sayles & Co. L P now owns 6,743 shares of the company’s stock worth $171,000 after buying an additional 3,122 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Assured Guaranty during the second quarter worth about $391,000. Bank of Montreal Can bought a new position in Assured Guaranty during the second quarter worth about $407,000. Rafferty Asset Management LLC boosted its position in Assured Guaranty by 49.3% in the first quarter. Rafferty Asset Management LLC now owns 18,659 shares of the company’s stock worth $472,000 after buying an additional 6,162 shares in the last quarter. Finally, Creative Planning boosted its position in Assured Guaranty by 299.3% in the second quarter. Creative Planning now owns 21,963 shares of the company’s stock worth $557,000 after buying an additional 16,463 shares in the last quarter. 96.63% of the stock is owned by institutional investors and hedge funds.
Shares of Assured Guaranty Ltd. (NYSE:AGO) traded up 1.84% on Wednesday, hitting $28.82. 259,709 shares of the company traded hands. Assured Guaranty Ltd. has a 12 month low of $21.79 and a 12 month high of $29.62. The stock’s 50-day moving average price is $27.58 and its 200-day moving average price is $26.41. The company has a market capitalization of $3.81 billion, a PE ratio of 5.29 and a beta of 1.85.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.54 by $0.49. Assured Guaranty had a net margin of 42.77% and a return on equity of 8.80%. The company earned $372 million during the quarter, compared to analysts’ expectations of $273.70 million. During the same quarter in the previous year, the business posted $1.83 EPS. The firm’s revenue was down 42.7% on a year-over-year basis. On average, equities analysts predict that Assured Guaranty Ltd. will post $3.18 earnings per share for the current year.
Separately, BTIG Research reissued a “buy” rating and set a $35.00 target price on shares of Assured Guaranty in a report on Monday, August 1st.
About Assured Guaranty
Assured Guaranty Ltd. is a holding company. The Company provides, through its subsidiaries, credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It conducts its financial guaranty business on a direct basis through the companies, including Assured Guaranty Municipal Corp.