Elkfork Partners LLC Takes Position in Assured Guaranty Ltd. (AGO)
Elkfork Partners LLC purchased a new stake in shares of Assured Guaranty Ltd. (NYSE:AGO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,744 shares of the company’s stock, valued at approximately $1,539,000.
Other large investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC boosted its stake in shares of Assured Guaranty by 82.6% in the second quarter. Chartwell Investment Partners LLC now owns 3,379,651 shares of the company’s stock valued at $85,742,000 after buying an additional 1,529,240 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Assured Guaranty during the fourth quarter valued at $47,125,000. The Manufacturers Life Insurance Company bought a new stake in shares of Assured Guaranty during the third quarter valued at $25,264,000. Numeric Investors LLC boosted its stake in shares of Assured Guaranty by 21.5% in the second quarter. Numeric Investors LLC now owns 2,899,163 shares of the company’s stock valued at $73,552,000 after buying an additional 512,900 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Assured Guaranty by 846.2% in the third quarter. Prudential Financial Inc. now owns 530,045 shares of the company’s stock valued at $14,709,000 after buying an additional 474,025 shares in the last quarter. Hedge funds and other institutional investors own 96.28% of the company’s stock.
Shares of Assured Guaranty Ltd. (NYSE:AGO) traded down 1.91% on Friday, hitting $40.99. The stock had a trading volume of 346,558 shares. The stock has a market capitalization of $5.34 billion, a P/E ratio of 5.03 and a beta of 1.82. Assured Guaranty Ltd. has a 52 week low of $23.34 and a 52 week high of $41.99. The firm has a 50-day moving average price of $39.68 and a 200-day moving average price of $33.06.
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Several equities research analysts have recently weighed in on AGO shares. BTIG Research set a $35.00 price target on Assured Guaranty and gave the company a “buy” rating in a research report on Monday, October 24th. MKM Partners reiterated a “buy” rating and set a $45.00 price target on shares of Assured Guaranty in a research report on Friday, December 30th.
About Assured Guaranty
Assured Guaranty Ltd. is a holding company. The Company provides, through its subsidiaries, credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It conducts its financial guaranty business on a direct basis through the companies, including Assured Guaranty Municipal Corp.
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