Boston Partners Reduces Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Boston Partners trimmed its stake in Assured Guaranty Ltd. (NYSE:AGOGet Rating) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,473,973 shares of the financial services provider’s stock after selling 7,057 shares during the period. Boston Partners’ holdings in Assured Guaranty were worth $74,612,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Assured Guaranty by 3.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,694 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 240 shares during the period. People s United Financial Inc. grew its position in shares of Assured Guaranty by 1.3% during the third quarter. People s United Financial Inc. now owns 27,093 shares of the financial services provider’s stock worth $1,268,000 after acquiring an additional 342 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Assured Guaranty by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,782 shares of the financial services provider’s stock valued at $491,000 after buying an additional 350 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Assured Guaranty by 13.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,048 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 366 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in shares of Assured Guaranty by 7.8% during the 4th quarter. Advisor Partners LLC now owns 5,505 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 399 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

A number of research firms have commented on AGO. UBS Group reaffirmed a “neutral” rating and set a $65.00 price objective (up from $56.00) on shares of Assured Guaranty in a research note on Tuesday, April 5th. StockNews.com started coverage on Assured Guaranty in a report on Thursday, March 31st. They set a “hold” rating on the stock. MKM Partners raised their price objective on shares of Assured Guaranty from $70.00 to $80.00 in a research note on Wednesday, March 23rd. Finally, Keefe, Bruyette & Woods raised their target price on Assured Guaranty from $62.00 to $67.00 in a research report on Sunday, March 13th.

Shares of Assured Guaranty stock traded down $0.08 on Monday, reaching $60.32. 943 shares of the company were exchanged, compared to its average volume of 455,526. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.96 billion, a P/E ratio of 11.21 and a beta of 1.08. Assured Guaranty Ltd. has a one year low of $44.34 and a one year high of $65.68. The firm’s 50-day moving average is $60.06.

Assured Guaranty (NYSE:AGOGet Rating) last released its earnings results on Thursday, February 24th. The financial services provider reported $3.88 earnings per share (EPS) for the quarter. The company had revenue of $263.00 million for the quarter. Assured Guaranty had a return on equity of 7.27% and a net margin of 45.76%.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, March 8th. This is a boost from Assured Guaranty’s previous quarterly dividend of $0.22. Assured Guaranty’s dividend payout ratio (DPR) is 18.55%.

In other Assured Guaranty news, Director G Lawrence Buhl sold 3,643 shares of Assured Guaranty stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $64.96, for a total transaction of $236,649.28. Following the completion of the sale, the director now owns 44,761 shares of the company’s stock, valued at $2,907,674.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Howard Albert sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $59.33, for a total value of $3,559,800.00. The disclosure for this sale can be found here. Insiders sold 124,060 shares of company stock worth $7,408,871 in the last 90 days. Corporate insiders own 4.51% of the company’s stock.

Assured Guaranty Profile (Get Rating)

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

Further Reading

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Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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