VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 7,000 Shares of Assured Guaranty Ltd. $AGO

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO) by 19.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,150 shares of the financial services provider’s stock after acquiring an additional 7,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.10% of Assured Guaranty worth $2,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AGO. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Assured Guaranty during the second quarter worth about $27,000. Root Financial Partners LLC purchased a new position in Assured Guaranty in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC lifted its stake in Assured Guaranty by 64.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 420 shares of the financial services provider’s stock valued at $28,000 after buying an additional 165 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in Assured Guaranty by 309.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 581 shares of the financial services provider’s stock valued at $47,000 after buying an additional 439 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Assured Guaranty by 306.9% in the 3rd quarter. Mather Group LLC. now owns 822 shares of the financial services provider’s stock worth $56,000 after buying an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Assured Guaranty Price Performance

Assured Guaranty stock opened at $71.92 on Tuesday. The company’s 50 day simple moving average is $71.21 and its 200-day simple moving average is $78.97. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 9.59 and a beta of 0.73. Assured Guaranty Ltd. has a 1 year low of $67.24 and a 1 year high of $92.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.64 and a current ratio of 0.64.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $1.23 earnings per share for the quarter. The business had revenue of $195.00 million during the quarter. Assured Guaranty had a return on equity of 7.11% and a net margin of 37.34%. As a group, equities research analysts expect that Assured Guaranty Ltd. will post 6.91 earnings per share for the current year.

Assured Guaranty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 20th. Assured Guaranty’s dividend payout ratio (DPR) is presently 20.27%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. UBS Group set a $91.00 price objective on Assured Guaranty in a report on Monday, September 14th. Roth Capital raised shares of Assured Guaranty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $85.00 in a research note on Friday, September 25th. Keefe, Bruyette & Woods dropped their target price on shares of Assured Guaranty from $101.00 to $97.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings cut shares of Assured Guaranty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Assured Guaranty currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Assured Guaranty Profile

Assured Guaranty Ltd. (NYSE: AGO) is a Bermuda-based financial services company that provides credit protection products through its operating insurance subsidiaries. The company’s core business is financial guaranty insurance, which generally guarantees the payment of scheduled principal and interest on debt obligations if the issuer or borrower defaults.

Assured Guaranty primarily serves the public finance and infrastructure markets. Its guarantees support municipal bonds and other public-sector debt, as well as obligations related to transportation, utilities, social infrastructure and other essential-service projects.