Corient Private Wealth LP Invests $1.51 Million in Assured Guaranty Ltd. $AGO

Key Points

• Corient Private Wealth initiated a $1.51 million position in Assured Guaranty by purchasing 18,806 shares. Institutional investors collectively own 92.22% of the company.
• An Assured Guaranty insider bought 209,388 shares worth approximately $5.2 million, increasing the insider’s position by 20.88%.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $90.33 price target. The company reported quarterly EPS of $1.23 and pays a quarterly dividend of $0.38, yielding about 2.0%.

Corient Private Wealth LP bought a new stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,806 shares of the financial services provider's stock, valued at approximately $1,508,000.

A number of other large investors have also recently bought and sold shares of AGO. Northwestern Mutual Wealth Management Co. purchased a new position in Assured Guaranty during the second quarter worth $27,000. Global Retirement Partners LLC boosted its stake in shares of Assured Guaranty by 633.9% during the fourth quarter. Global Retirement Partners LLC now owns 455 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 393 shares during the last quarter. Quarry LP acquired a new stake in shares of Assured Guaranty during the third quarter valued at $44,000. Greykasell Wealth Strategies Inc. purchased a new stake in Assured Guaranty during the 4th quarter worth about $45,000. Finally, Elevation Wealth Partners LLC increased its position in Assured Guaranty by 309.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 581 shares of the financial services provider's stock worth $47,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company's stock.

Insider Transactions at Assured Guaranty

In related news, major shareholder Guaranty Ltd Assured purchased 209,388 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $24.83 per share, with a total value of $5,199,104.04. Following the completion of the transaction, the insider owned 1,212,106 shares of the company's stock, valued at approximately $30,096,591.98. This trade represents a 20.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

AGO has been the subject of several analyst reports. Roth Capital downgraded shares of Assured Guaranty from a "buy" rating to a "neutral" rating and set a $80.00 target price for the company. in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Assured Guaranty from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Assured Guaranty from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. UBS Group raised shares of Assured Guaranty from a "neutral" rating to a "buy" rating and set a $94.00 price objective for the company in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Assured Guaranty from $101.00 to $97.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $90.33.

Assured Guaranty Stock Performance

NYSE AGO opened at $75.69 on Friday. The business's 50-day moving average price is $80.14 and its 200 day moving average price is $80.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.31. Assured Guaranty Ltd. has a twelve month low of $72.76 and a twelve month high of $92.39. The company has a market capitalization of $3.33 billion, a PE ratio of 10.09 and a beta of 0.73.

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

Assured Guaranty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, August 20th. Assured Guaranty's payout ratio is presently 20.27%.

About Assured Guaranty

Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company's primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events.

In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects.

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