Capital One National Association raised its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 79,682 shares of the financial services provider’s stock after buying an additional 1,567 shares during the period. Capital One National Association’s holdings in Assured Guaranty were worth $3,326,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of AGO. Principal Financial Group Inc. boosted its stake in Assured Guaranty by 17.9% in the first quarter. Principal Financial Group Inc. now owns 921,677 shares of the financial services provider’s stock valued at $34,203,000 after buying an additional 139,856 shares in the last quarter. Morgan Stanley boosted its stake in Assured Guaranty by 68.6% in the first quarter. Morgan Stanley now owns 1,201,928 shares of the financial services provider’s stock valued at $44,605,000 after buying an additional 489,107 shares in the last quarter. Norges Bank acquired a new stake in Assured Guaranty during the fourth quarter valued at $54,892,000. Teachers Advisors LLC boosted its stake in Assured Guaranty by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 221,000 shares of the financial services provider’s stock valued at $8,347,000 after buying an additional 18,629 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Assured Guaranty by 67.6% in the first quarter. Canada Pension Plan Investment Board now owns 17,100 shares of the financial services provider’s stock valued at $635,000 after buying an additional 6,900 shares in the last quarter. 99.14% of the stock is owned by institutional investors.
Shares of Assured Guaranty Ltd. (AGO) traded up 1.52% on Monday, reaching $43.46. The company had a trading volume of 447,127 shares. The company’s 50-day moving average price is $40.23 and its 200-day moving average price is $39.40. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 5.03 and a beta of 1.66. Assured Guaranty Ltd. has a 52-week low of $25.14 and a 52-week high of $43.54.
Several brokerages recently commented on AGO. BidaskClub raised Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 target price on shares of Assured Guaranty in a research report on Tuesday, July 4th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $49.00 target price on shares of Assured Guaranty in a research report on Sunday, May 28th.
In other news, insider Howard Albert sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $39.19, for a total transaction of $470,280.00. Following the completion of the sale, the insider now directly owns 169,314 shares in the company, valued at approximately $6,635,415.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.
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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