Mackenzie Financial Corp Boosts Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Mackenzie Financial Corp grew its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,405 shares of the financial services provider’s stock after acquiring an additional 4,013 shares during the quarter. Mackenzie Financial Corp’s holdings in Assured Guaranty were worth $2,150,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AGO. LPL Financial LLC raised its stake in shares of Assured Guaranty by 0.8% during the fourth quarter. LPL Financial LLC now owns 36,455 shares of the financial services provider’s stock worth $3,281,000 after acquiring an additional 297 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Assured Guaranty by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 155,526 shares of the financial services provider’s stock worth $13,999,000 after acquiring an additional 14,565 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Assured Guaranty during the fourth quarter worth approximately $214,000. Alliancebernstein L.P. increased its stake in shares of Assured Guaranty by 8.4% in the fourth quarter. Alliancebernstein L.P. now owns 84,455 shares of the financial services provider’s stock worth $7,602,000 after buying an additional 6,578 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Assured Guaranty by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 107,694 shares of the financial services provider’s stock valued at $9,694,000 after buying an additional 435 shares during the last quarter. 92.22% of the stock is owned by hedge funds and other institutional investors.

Assured Guaranty Trading Down 0.9%

NYSE:AGO opened at $83.82 on Monday. The company has a fifty day moving average of $84.68 and a 200 day moving average of $86.64. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.11 billion, a P/E ratio of 10.01 and a beta of 0.88.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.03. Assured Guaranty had a net margin of 45.58% and a return on equity of 7.76%. The company had revenue of $345.00 million during the quarter, compared to analyst estimates of $257.96 million. During the same period in the prior year, the business posted $1.96 EPS. On average, research analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Insider Buying and Selling at Assured Guaranty

In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $87.76, for a total value of $232,476.24. Following the completion of the transaction, the chief accounting officer directly owned 13,462 shares in the company, valued at approximately $1,181,425.12. This represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dominic Frederico sold 71,917 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $86.11, for a total transaction of $6,192,772.87. Following the completion of the transaction, the chief executive officer owned 1,348,073 shares of the company’s stock, valued at $116,082,566.03. This trade represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,004 shares of company stock valued at $7,324,274 over the last 90 days. Company insiders own 5.10% of the company’s stock.

About Assured Guaranty

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