Convergence Investment Partners LLC boosted its position in Assured Guaranty Ltd. (NYSE:AGO) by 67.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 36,006 shares of the financial services provider’s stock after buying an additional 14,547 shares during the period. Convergence Investment Partners LLC’s holdings in Assured Guaranty were worth $1,503,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Assured Guaranty by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,617,965 shares of the financial services provider’s stock worth $468,254,000 after buying an additional 374,051 shares in the last quarter. BlackRock Inc. boosted its position in shares of Assured Guaranty by 2,281.9% in the first quarter. BlackRock Inc. now owns 6,309,856 shares of the financial services provider’s stock worth $234,159,000 after buying an additional 6,044,950 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Assured Guaranty by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,437,639 shares of the financial services provider’s stock worth $164,678,000 after buying an additional 285,852 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Assured Guaranty by 27.8% in the first quarter. TimesSquare Capital Management LLC now owns 3,914,800 shares of the financial services provider’s stock worth $145,278,000 after buying an additional 851,700 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Assured Guaranty by 43.6% in the first quarter. AQR Capital Management LLC now owns 3,805,606 shares of the financial services provider’s stock worth $141,226,000 after buying an additional 1,155,924 shares in the last quarter.

Shares of Assured Guaranty Ltd. (NYSE:AGO) opened at 44.02 on Tuesday. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 4.95 and a beta of 1.68. Assured Guaranty Ltd. has a one year low of $26.37 and a one year high of $45.73. The company’s 50 day moving average is $43.86 and its 200-day moving average is $40.57.

Assured Guaranty (NYSE:AGO) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.44. The business had revenue of $308 million for the quarter, compared to analyst estimates of $288.15 million. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. Assured Guaranty’s revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts expect that Assured Guaranty Ltd. will post $4.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, August 14th. Assured Guaranty’s dividend payout ratio is presently 6.46%.

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A number of equities analysts have recently weighed in on AGO shares. BTIG Research reissued a “buy” rating and set a $49.00 price target on shares of Assured Guaranty in a research report on Sunday, May 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 price target on shares of Assured Guaranty in a research report on Tuesday, July 4th. BidaskClub raised shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Finally, UBS AG reissued a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Assured Guaranty in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.50.

About Assured Guaranty

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.

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

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