BlackRock Inc. trimmed its holdings in Assured Guaranty Ltd. (NYSE:AGO) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,606,651 shares of the financial services provider’s stock after selling 703,205 shares during the period. BlackRock Inc. owned approximately 4.62% of Assured Guaranty worth $234,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Assured Guaranty by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,617,965 shares of the financial services provider’s stock valued at $468,254,000 after buying an additional 374,051 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Assured Guaranty by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,437,639 shares of the financial services provider’s stock valued at $164,678,000 after buying an additional 285,852 shares in the last quarter. AQR Capital Management LLC grew its stake in Assured Guaranty by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 3,805,606 shares of the financial services provider’s stock valued at $141,226,000 after buying an additional 1,155,924 shares in the last quarter. State Street Corp grew its stake in Assured Guaranty by 6.1% in the 1st quarter. State Street Corp now owns 2,456,295 shares of the financial services provider’s stock valued at $91,161,000 after buying an additional 140,688 shares in the last quarter. Finally, Boston Partners grew its stake in Assured Guaranty by 1.7% in the 2nd quarter. Boston Partners now owns 1,293,208 shares of the financial services provider’s stock valued at $53,979,000 after buying an additional 21,060 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

A number of research firms recently weighed in on AGO. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a research note on Thursday. UBS AG reiterated a “buy” rating and issued a $47.00 price objective (down from $49.00) on shares of Assured Guaranty in a research note on Wednesday. BidaskClub lowered shares of Assured Guaranty from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BTIG Research restated a “buy” rating and set a $49.00 price target on shares of Assured Guaranty in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price target on shares of Assured Guaranty in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Assured Guaranty has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Assured Guaranty Ltd. (NYSE AGO) opened at 37.73 on Friday. Assured Guaranty Ltd. has a 12-month low of $28.11 and a 12-month high of $45.73. The stock’s 50 day moving average is $41.07 and its 200-day moving average is $40.73. The company has a market capitalization of $4.49 billion, a P/E ratio of 4.24 and a beta of 1.65.

Assured Guaranty (NYSE:AGO) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.44. The company had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $288.15 million. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. Assured Guaranty’s quarterly revenue was down 22.2% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. Analysts anticipate that Assured Guaranty Ltd. will post $4.89 earnings per share for the current year.

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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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