Sequoia Financial Advisors LLC Buys New Shares in Assured Guaranty Ltd. (NYSE:AGO)

Sequoia Financial Advisors LLC acquired a new position in shares of Assured Guaranty Ltd. (NYSE:AGOFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,482 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently added to or reduced their stakes in AGO. Eaton Vance Management lifted its holdings in shares of Assured Guaranty by 2.1% during the 1st quarter. Eaton Vance Management now owns 10,252 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 206 shares during the period. Arizona State Retirement System boosted its holdings in shares of Assured Guaranty by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 16,041 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 215 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Assured Guaranty by 28.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 249 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Assured Guaranty by 4.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,181 shares of the financial services provider’s stock worth $345,000 after buying an additional 262 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in shares of Assured Guaranty by 7.1% during the 2nd quarter. Cetera Advisor Networks LLC now owns 4,572 shares of the financial services provider’s stock worth $255,000 after buying an additional 302 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their target price on Assured Guaranty from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, November 17th.

Check Out Our Latest Stock Report on Assured Guaranty

Assured Guaranty Price Performance

AGO stock opened at $82.23 on Monday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 10.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day simple moving average of $76.20 and a 200 day simple moving average of $66.79. Assured Guaranty Ltd. has a 1 year low of $45.21 and a 1 year high of $83.43.

Insider Buying and Selling

In other Assured Guaranty news, Director G Lawrence Buhl sold 2,500 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $71.26, for a total value of $178,150.00. Following the completion of the transaction, the director now directly owns 43,507 shares in the company, valued at $3,100,308.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Assured Guaranty news, insider Stephen Donnarumma sold 15,000 shares of Assured Guaranty stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $69.96, for a total transaction of $1,049,400.00. Following the transaction, the insider now directly owns 94,774 shares of the company’s stock, valued at approximately $6,630,389.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Lawrence Buhl sold 2,500 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $71.26, for a total value of $178,150.00. Following the completion of the sale, the director now owns 43,507 shares in the company, valued at approximately $3,100,308.82. The disclosure for this sale can be found here. Insiders have sold 37,984 shares of company stock worth $2,634,801 in the last 90 days. Insiders own 3.82% of the company’s stock.

About Assured Guaranty

(Free Report)

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

See Also

Want to see what other hedge funds are holding AGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assured Guaranty Ltd. (NYSE:AGOFree Report).

Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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