Vanguard Group Inc. boosted its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,342,766 shares of the company’s stock after buying an additional 22,001 shares during the period. Vanguard Group Inc. owned approximately 9.35% of Assured Guaranty worth $313,136,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in AGO. Loomis Sayles & Co. L P increased its stake 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. Calvert Investment Management Inc. purchased a new stake in Assured Guaranty during the second quarter worth $263,000. Advance Capital I Inc. bought a new stake in shares of Assured Guaranty during the second quarter valued at approximately $282,000. Gerstein Fisher increased its stake in shares of Assured Guaranty by 6.4% in the second quarter. Gerstein Fisher now owns 11,198 shares of the company’s stock valued at $284,000 after buying an additional 671 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of Assured Guaranty during the second quarter valued at approximately $305,000. 96.63% of the stock is owned by institutional investors and hedge funds.
Assured Guaranty Ltd. (NYSE:AGO) opened at 28.52 on Friday. The firm’s 50-day moving average price is $27.52 and its 200 day moving average price is $26.36. The company has a market capitalization of $3.77 billion, a PE ratio of 5.23 and a beta of 1.85. Assured Guaranty Ltd. has a 52 week low of $21.79 and a 52 week high of $29.62.
Assured Guaranty (NYSE:AGO) last announced its earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.49. The company earned $372 million during the quarter, compared to the consensus estimate of $273.70 million. Assured Guaranty had a return on equity of 8.80% and a net margin of 42.77%. The firm’s revenue for the quarter was down 42.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. Equities research analysts expect that Assured Guaranty Ltd. will post $3.18 earnings per share for the current fiscal year.
Separately, BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Assured Guaranty in a research report on Monday, August 1st.
Assured Guaranty Company Profile