Oak Thistle LLC Invests in Assured Guaranty Ltd.
Oak Thistle LLC, one of the leading institutional investors in the market, has recently announced a new stake in Assured Guaranty Ltd. A Form 13F filing with the Securities and Exchange Commission (SEC) confirmed that Oak Thistle LLC purchased 3,518 shares of Assured Guaranty Ltd.’s stock valued at approximately $219,000 during the fourth quarter.
Assured Guaranty Ltd. is a holding company that offers credit protection products to both U.S. and international public finance and structured finance markets through its subsidiaries. Its operations are divided into two segments – Insurance and Asset Management. The Insurance segment includes domestic and foreign insurance subsidiaries that provide credit protection services to the U.S.
Assured Guaranty’s most recent quarterly earnings report revealed positive news for investors as it posted strong financial figures. In Q4 of 2020, the company reported revenue of $292 million and an earnings per share (EPS) of $0.22, giving analysts reason to believe that it will post an EPS of 4.6 during this fiscal year.
Oak Thistle LLC’s investment in Assured Guaranty Ltd may prove to be a lucrative one considering the company’s performance over recent quarters. Market analysts predict that there may be further growth opportunities for Assured Guaranty Ltd in both domestic and foreign markets as demand for its services continues to increase.
Overall, Oak Thistle LLC’s decision to invest in Assured Guaranty underpins growing investor confidence in the company’s ability to deliver good returns on investment while reinforcing its reputation as one of the key players operating within the financial sector.
Assured Guaranty Faces Mixed Performance Despite Interest from Investors
Assured Guaranty Ltd. has recently caught the attention of several large investors, who have both bought and sold shares of the financial services provider’s stock over the past few months. Ronald Blue Trust Inc., for instance, grew its position in Assured Guaranty by 46.7% during the fourth quarter, whereas TCI Wealth Advisors Inc. grew its position in the same period by 59.8%. Moreover, Eaton Vance Management saw a 2.1% growth in its position during the first quarter, while Brinker Capital Investments LLC achieved a 4.0% growth during the same period. Finally, Raymond James Trust N.A.’s position in Assured Guaranty increased by 6.9%. It is worth noting that institutional investors own as much as 90.51% of Assured Guaranty’s stock.
Despite this interest from investors, Assured Guaranty’s recent performance has been somewhat mixed: it opened at $53.49 on Friday and currently boasts a market capitalization of $3.17 billion and a price-to-earnings ratio of 27.57, but has seen its share price drop from a high of $67.13 to just $45.21 in one year.
Assured Guaranty operates through two main segments: Insurance and Asset Management.The former includes domestic and foreign insurance subsidiaries that provide credit protection products to both U.S.-based and international public finance markets as well as structured finance markets.
In light of its recent performance struggles, as well as downgrades from analysts such as StockNews.com (who lowered shares from “hold” to “sell”), Assured Guaranty responded by announcing an increase to their quarterly dividend which was paid out on Wednesday, March 22nd – potentially looking to reassure shareholders and offer some incentive for long-term investment into AGO shares.
Despite these challenges for AGO in these uncertain times, shares in Assured Guaranty are still being closely watched by investors and analysts, as it remains to be seen if the company can rebound and represent a worthwhile investment over the long term.
