Separately, MKM Partners increased their price target on shares of Assured Guaranty to $65.00 and gave the company a buy rating in a research report on Friday, May 10th.
AGO stock opened at $42.99 on Thursday. The firm has a 50 day simple moving average of $43.34. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.34 and a beta of 1.06. Assured Guaranty has a 12 month low of $36.13 and a 12 month high of $47.97. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.18.
Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Assured Guaranty in the second quarter valued at approximately $32,000. Icon Wealth Partners LLC purchased a new position in shares of Assured Guaranty during the first quarter valued at approximately $53,000. Advisor Group Inc. lifted its stake in shares of Assured Guaranty by 30.6% during the fourth quarter. Advisor Group Inc. now owns 2,690 shares of the financial services provider’s stock valued at $103,000 after buying an additional 630 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Assured Guaranty during the first quarter valued at approximately $171,000. Finally, Signaturefd LLC lifted its stake in shares of Assured Guaranty by 13.3% during the second quarter. Signaturefd LLC now owns 5,989 shares of the financial services provider’s stock valued at $252,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.
About Assured Guaranty
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
Further Reading: What is a Fiduciary?
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