First Personal Financial Services Has $176,000 Position in Assured Guaranty Ltd. (AGO)
First Personal Financial Services maintained its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) during the second quarter, Holdings Channel reports. The firm owned 4,213 shares of the financial services provider’s stock at the end of the second quarter. First Personal Financial Services’ holdings in Assured Guaranty were worth $176,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 valued at $468,254,000 after buying an additional 374,051 shares during the period. BlackRock Inc. boosted its stake 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 valued at $234,159,000 after buying an additional 6,044,950 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $164,678,000 after buying an additional 285,852 shares during the period. TimesSquare Capital Management LLC boosted its stake 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 valued at $145,278,000 after buying an additional 851,700 shares during the period. Finally, AQR Capital Management LLC boosted its stake 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 valued at $141,226,000 after buying an additional 1,155,924 shares during the period.
Shares of Assured Guaranty Ltd. (NYSE AGO) opened at 42.67 on Friday. Assured Guaranty Ltd. has a 52-week low of $26.37 and a 52-week high of $45.73. The firm has a market cap of $5.08 billion, a PE ratio of 4.80 and a beta of 1.68. The company’s 50-day moving average price is $44.01 and its 200-day moving average price is $40.66.
Assured Guaranty (NYSE:AGO) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.44. The firm had revenue of $308 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities analysts expect that Assured Guaranty Ltd. will post $4.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, August 14th. Assured Guaranty’s dividend payout ratio (DPR) is presently 6.46%.
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A number of analysts recently issued reports on AGO shares. BTIG Research reissued a “buy” rating and set a $49.00 price objective 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 objective on shares of Assured Guaranty in a research report on Tuesday, July 4th. BidaskClub raised 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 objective (up previously from $44.00) on shares of Assured Guaranty in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price 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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