57,481 Assured Guaranty Ltd. $AGO Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its position in Assured Guaranty Ltd. (NYSE:AGO) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,188,700 shares of the financial services provider’s stock after selling 57,481 shares during the quarter. Assured Guaranty comprises approximately 2.0% of Reinhart Partners LLC.’s holdings, making the stock its 22nd largest position. Reinhart Partners LLC. owned approximately 2.70% of Assured Guaranty worth $80,499,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AGO. Northwestern Mutual Wealth Management Co. bought a new stake in Assured Guaranty in the second quarter worth about $27,000. Elevation Wealth Partners LLC boosted its position in shares of Assured Guaranty by 309.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 581 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 439 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Assured Guaranty during the 2nd quarter valued at about $72,000. Allworth Financial LP acquired a new position in shares of Assured Guaranty in the 2nd quarter worth approximately $76,000. Finally, State of Wyoming grew its stake in shares of Assured Guaranty by 179.2% in the 1st quarter. State of Wyoming now owns 1,142 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 733 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Assured Guaranty news, major shareholder Guaranty Ltd Assured acquired 209,388 shares of Assured Guaranty stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average cost of $24.83 per share, with a total value of $5,199,104.04. Following the purchase, the insider owned 1,212,106 shares in the company, valued at approximately $30,096,591.98. The trade was a 20.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.70% of the company’s stock.

Assured Guaranty Stock Performance

Shares of AGO opened at $69.91 on Friday. Assured Guaranty Ltd. has a one year low of $67.24 and a one year high of $92.39. The company has a 50-day moving average of $73.57 and a two-hundred day moving average of $77.91. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 9.32 and a beta of 0.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.64 and a quick ratio of 0.64.

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

Assured Guaranty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 20th. Assured Guaranty’s payout ratio is presently 20.27%.

Assured Guaranty Company Profile

Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company that provides financial guarantees and related insurance services through its subsidiaries. The company helps protect investors and lenders from losses arising from defaults on debt obligations, with a primary focus on public finance and structured finance markets.

Its public finance business provides guarantees for municipal bonds and other obligations issued to fund essential infrastructure and public services, including transportation, utilities, healthcare and education.