Federated Investors Inc. PA reduced its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,116 shares of the financial services provider’s stock after selling 51,044 shares during the period. Federated Investors Inc. PA owned 0.12% of Assured Guaranty worth $6,350,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AGO. Principal Financial Group Inc. increased its stake in shares of Assured Guaranty by 17.9% in the first quarter. Principal Financial Group Inc. now owns 921,677 shares of the financial services provider’s stock valued at $34,203,000 after buying an additional 139,856 shares in the last quarter. Morgan Stanley increased its stake in shares of Assured Guaranty by 68.6% in the first quarter. Morgan Stanley now owns 1,201,928 shares of the financial services provider’s stock valued at $44,605,000 after buying an additional 489,107 shares in the last quarter. KCG Holdings Inc. increased its stake in shares of Assured Guaranty by 123.7% in the first quarter. KCG Holdings Inc. now owns 43,742 shares of the financial services provider’s stock valued at $1,623,000 after buying an additional 24,190 shares in the last quarter. FMR LLC increased its stake in shares of Assured Guaranty by 228.0% in the first quarter. FMR LLC now owns 390,593 shares of the financial services provider’s stock valued at $14,495,000 after buying an additional 271,501 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Assured Guaranty by 67.6% in the first quarter. Canada Pension Plan Investment Board now owns 17,100 shares of the financial services provider’s stock valued at $635,000 after buying an additional 6,900 shares in the last quarter. Institutional investors own 96.77% of the company’s stock.

Assured Guaranty Ltd. (NYSE AGO) opened at 42.40 on Thursday. The firm’s 50-day moving average price is $44.00 and its 200-day moving average price is $40.77. Assured Guaranty Ltd. has a 1-year low of $26.37 and a 1-year high of $45.73. The firm has a market cap of $5.05 billion, a P/E ratio of 4.77 and a beta of 1.68.

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, topping the consensus estimate of $0.72 by $0.44. The company had revenue of $308 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities research analysts anticipate that Assured Guaranty Ltd. will post $4.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a yield of 1.34%. The ex-dividend date was Monday, August 14th. Assured Guaranty’s dividend payout ratio is presently 6.46%.

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Several analysts have recently commented on AGO shares. BidaskClub upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. 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, UBS AG restated a “buy” rating and issued a $45.00 target price (up from $44.00) on shares of Assured Guaranty in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Assured Guaranty 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.

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

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