Arrowstreet Capital Limited Partnership trimmed its position in Assured Guaranty Ltd. (NYSE:AGO) by 17.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,154,678 shares of the financial services provider’s stock after selling 241,095 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.97% of Assured Guaranty worth $48,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Assured Guaranty by 2.3% in the first quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 84 shares in the last quarter. Bank of Hawaii raised its stake in shares of Assured Guaranty by 1.2% in the second quarter. Bank of Hawaii now owns 15,510 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 180 shares in the last quarter. ETRADE Capital Management LLC raised its stake in shares of Assured Guaranty by 4.4% in the second quarter. ETRADE Capital Management LLC now owns 11,509 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 485 shares in the last quarter. Sawtooth Solutions LLC raised its stake in shares of Assured Guaranty by 7.4% in the second quarter. Sawtooth Solutions LLC now owns 7,181 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 492 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Assured Guaranty by 5.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,898 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

A number of research analysts recently commented on AGO shares. UBS AG restated a “buy” rating and issued a $47.00 target price (down from $49.00) on shares of Assured Guaranty in a research note on Wednesday, October 4th. BidaskClub upgraded Assured Guaranty from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. BTIG Research restated a “buy” rating and issued a $49.00 target price on shares of Assured Guaranty in a research note on Friday, July 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 target price on shares of Assured Guaranty in a research note on Tuesday, July 4th. Finally, MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Assured Guaranty has an average rating of “Buy” and an average target price of $47.00.

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Assured Guaranty Ltd. (NYSE:AGO) traded down 0.03% on Monday, reaching $37.53. The company’s stock had a trading volume of 80,795 shares. The company has a 50-day moving average price of $40.92 and a 200 day moving average price of $40.73. The company has a market cap of $4.47 billion, a P/E ratio of 4.22 and a beta of 1.65. Assured Guaranty Ltd. has a 12 month low of $28.11 and a 12 month high of $45.73.

Assured Guaranty (NYSE:AGO) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.44. The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The company’s revenue was down 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. On average, equities research analysts anticipate that Assured Guaranty Ltd. will post $4.86 EPS for the current fiscal year.

Assured Guaranty 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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