Capital Returns Management buys $19,372,685 stake in Assured Guaranty Ltd. (AGO)

Assured Guaranty Ltd. (AGO) : Capital Returns Management scooped up 33,100 additional shares in Assured Guaranty Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 713,280 shares of Assured Guaranty Ltd. which is valued at $19,372,685.Assured Guaranty Ltd. makes up approximately 10.91% of Capital Returns Management’s portfolio.

Other Hedge Funds, Including , Elm Ridge Management reduced its stake in AGO by selling 229,406 shares or 22.72% in the most recent quarter. The Hedge Fund company now holds 780,278 shares of AGO which is valued at $21,192,350. Assured Guaranty Ltd. makes up approx 6.18% of Elm Ridge Management’s portfolio. Cetera Advisors added AGO to its portfolio by purchasing 14,528 company shares during the most recent quarter which is valued at $394,580. Assured Guaranty Ltd. makes up approx 0.03% of Cetera Advisors’s portfolio.Ngam Advisors boosted its stake in AGO in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 27,601 shares of Assured Guaranty Ltd. which is valued at $740,535. Assured Guaranty Ltd. makes up approx 0.01% of Ngam Advisors’s portfolio.Meeder Asset Management Inc reduced its stake in AGO by selling 44,680 shares or 44.78% in the most recent quarter. The Hedge Fund company now holds 55,092 shares of AGO which is valued at $1,466,549. Assured Guaranty Ltd. makes up approx 0.13% of Meeder Asset Management Inc’s portfolio. Simplex Trading sold out all of its stake in AGO during the most recent quarter. The investment firm sold 1,456 shares of AGO which is valued $38,278.

Assured Guaranty Ltd. closed down -0.18 points or -0.65% at $27.59 with 4,84,081 shares getting traded on Thursday. Post opening the session at $27.89, the shares hit an intraday low of $27.34 and an intraday high of $27.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Assured Guaranty Ltd. reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.50 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.53. The company had revenue of $372.00 million for the quarter, compared to analysts expectations of $284.76 million. The company’s revenue was down -42.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.83 EPS.

Assured Guaranty Ltd. is a holding company. The Company provides through its operating subsidiaries credit protection products to the United States and international public finance including infrastructure and structured finance markets. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors. It conducts its financial guaranty business on a direct basis from the following companies: Assured Guaranty Municipal Corp. (AGM) Municipal Assurance Corp. (MAC) Assured Guaranty Corp. (AGC) Assured Guaranty (Europe) Ltd. (AGE) and Assured Guaranty Re Ltd. (AG Re). The Company insures obligations issued in the United States. It also offers credit protection through reinsurance. The Company insures and reinsures various types of United States public finance obligations and various non-United States public finance obligations.

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