Assured Guaranty Ltd. (AGO) : Seizert Capital Partners reduced its stake in Assured Guaranty Ltd. by 11.49% during the most recent quarter end. The investment management company now holds a total of 2,198,848 shares of Assured Guaranty Ltd. which is valued at $59,720,712 after selling 285,486 shares in Assured Guaranty Ltd. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Assured Guaranty Ltd. makes up approximately 2.13% of Seizert Capital Partners’s portfolio.
Other Hedge Funds, Including , Pacad Investment Ltd. added AGO to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $5,432.California State Teachers Retirement System reduced its stake in AGO by selling 19,093 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 289,528 shares of AGO which is valued at $7,768,036. Assured Guaranty Ltd. makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Nordea Investment Management Ab boosted its stake in AGO in the latest quarter, The investment management firm added 36,765 additional shares and now holds a total of 119,870 shares of Assured Guaranty Ltd. which is valued at $3,151,382. Assured Guaranty Ltd. makes up approx 0.01% of Nordea Investment Management Ab’s portfolio. Fox Run Management L.l.c. added AGO to its portfolio by purchasing 15,400 company shares during the most recent quarter which is valued at $404,866. Assured Guaranty Ltd. makes up approx 0.19% of Fox Run Management L.l.c.’s portfolio.
Assured Guaranty Ltd. opened for trading at $27.37 and hit $27.52 on the upside on Tuesday, eventually ending the session at $27.35, with a gain of 0.44% or 0.12 points. The heightened volatility saw the trading volume jump to 3,56,967 shares. Company has a market cap of $3,614 M.
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.