Altria Group (MO) Holding Has Boosted by Icon Advisers Inc; Taconic Capital Advisors LP Has Increased Its Position in Assured Guaranty LTD (AGO) by $17.10 Million

June 23, 2018 - By reb123z

Altria Group, Inc. (NYSE:MO) Logo

Frank Brosens increased its stake in Assured Guaranty Ltd (AGO) by 211.11% based on its latest 2018Q1 regulatory filing with the SEC. Taconic Capital Advisors Lp bought 475,000 shares as the company’s stock rose 0.78% while stock markets declined. The hedge fund run by Frank Brosens held 700,000 shares of the property-casualty insurers company at the end of 2018Q1, valued at $25.34M, up from 225,000 at the end of the previous reported quarter. Taconic Capital Advisors Lp who had been investing in Assured Guaranty Ltd for a number of months, seems to be bullish on the $4.10 billion market cap company. The stock increased 0.25% or $0.09 during the last trading session, reaching $36.46. About 1.06M shares traded or 16.21% up from the average. Assured Guaranty Ltd. (NYSE:AGO) has declined 7.58% since June 23, 2017 and is downtrending. It has underperformed by 20.15% the S&P500. Some Historical AGO News: 23/05/2018 – ASSURED GUARANTY – UNITS FILED ADVERSARY COMPLAINT AGAINST COMMONWEALTH OF PUERTO RICO, FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO; 26/03/2018 – Assured Guaranty Closes Above 50-Day Moving Average: Technicals; 23/04/2018 – ASSURED GUARANTY SAYS DISAGREES WITH GREENLIGHT CAPITAL VIEWS; 02/05/2018 – Assured Guaranty Ltd. Declares Quarterly Dividend of $0.16 per Common Share; 26/03/2018 – Hartford pushes deal for Connecticut to pay city’s debt; 23/04/2018 – Assured Guaranty Says It’s Well Reserved for Its Municipal Exposures; 23/04/2018 – Assured Guaranty Says It Doesn’t Face Liquidity Risks; 23/04/2018 – Assured Guaranty Closes Below 50-Day Moving Average: Technicals; 23/05/2018 – Assured Guaranty Filed Adversary Complaint Against Puerto Rico, Fincl Oversight and Management Board for Puerto Rico; 23/05/2018 – ASSURED GUARANTY FILED AN ADVERSARY COMPLAINT VS PUERTO RICO

Icon Advisers Inc increased its stake in Altria Group Inc. (MO) by 237.88% based on its latest 2018Q1 regulatory filing with the SEC. Icon Advisers Inc bought 15,700 shares as the company’s stock declined 14.98% with the market. The institutional investor held 22,300 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $1.39M, up from 6,600 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in Altria Group Inc. for a number of months, seems to be bullish on the $108.02B market cap company. The stock increased 0.58% or $0.33 during the last trading session, reaching $57.02. About 7.58 million shares traded. Altria Group, Inc. (NYSE:MO) has declined 24.97% since June 23, 2017 and is downtrending. It has underperformed by 37.54% the S&P500.

Since June 13, 2018, it had 0 insider buys, and 1 insider sale for $503,645 activity.

Investors sentiment increased to 0.97 in Q1 2018. Its up 0.03, from 0.94 in 2017Q4. It increased, as 27 investors sold AGO shares while 91 reduced holdings. 39 funds opened positions while 75 raised stakes. 103.98 million shares or 4.53% less from 108.91 million shares in 2017Q4 were reported. Omers Administration invested 0.06% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Philadelphia Financial Mngmt Of San Francisco Lc invested in 1.03 million shares. Moreover, Swiss Retail Bank has 0.01% invested in Assured Guaranty Ltd. (NYSE:AGO) for 207,100 shares. Balyasny Asset Management Ltd Liability Corp reported 29,917 shares or 0% of all its holdings. Chicago Equity Partners Ltd Liability has 0.01% invested in Assured Guaranty Ltd. (NYSE:AGO). Kepos Cap Limited Partnership has invested 0.13% in Assured Guaranty Ltd. (NYSE:AGO). Natixis Ltd Partnership owns 21,671 shares. Alliancebernstein Ltd Partnership accumulated 202,255 shares. California State Teachers Retirement Systems has invested 0.02% in Assured Guaranty Ltd. (NYSE:AGO). Legg Mason Asset Mgmt (Japan) stated it has 0.61% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Goldentree Asset Management Limited Partnership holds 1.16 million shares. Vanguard Group Inc holds 10.30M shares or 0.02% of its portfolio. Blair William Il reported 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Qs Limited Liability Corp stated it has 105,170 shares or 0.04% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt owns 0.01% invested in Assured Guaranty Ltd. (NYSE:AGO) for 17,200 shares.

Among 6 analysts covering Assured Guaranty (NYSE:AGO), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Assured Guaranty had 12 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Mkt Perform” rating given on Tuesday, February 28 by Keefe Bruyette & Woods. The firm has “Outperform” rating by Macquarie Research given on Monday, November 9. The rating was maintained by BTIG Research with “Buy” on Friday, May 26. The rating was initiated by Keefe Bruyette & Woods on Wednesday, December 20 with “Buy”. UBS maintained the shares of AGO in report on Wednesday, October 4 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Friday, June 9 with “Hold”. BTIG Research maintained the shares of AGO in report on Monday, February 5 with “Buy” rating. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Buy” rating given on Wednesday, August 12 by Zacks. The firm earned “Hold” rating on Friday, April 7 by Wood. The firm has “Buy” rating by UBS given on Tuesday, November 10.

More recent Assured Guaranty Ltd. (NYSE:AGO) news were published by: Seekingalpha.com which released: “Assured Guaranty, Syncora complete reinsurance deal” on June 01, 2018. Also Nasdaq.com published the news titled: “New Research: Key Drivers of Growth for Cresud SACIF y A, Iamgold, The Habit Restaurants, Hershey, Assured …” on May 31, 2018. Seekingalpha.com‘s news article titled: “Sunesis Capital’s Mehta questions Einhorn’s Greenlight Re model” with publication date: May 29, 2018 was also an interesting one.

Taconic Capital Advisors Lp, which manages about $11.01B and $610.95M US Long portfolio, decreased its stake in Dell Technologies Inc by 235,000 shares to 100,000 shares, valued at $7.32M in 2018Q1, according to the filing. It also reduced its holding in Caesars Entmt Corp (NASDAQ:CZR) by 395,000 shares in the quarter, leaving it with 500,000 shares, and cut its stake in Altaba Inc.

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.20, from 0.93 in 2017Q4. It worsened, as 88 investors sold MO shares while 562 reduced holdings. 100 funds opened positions while 372 raised stakes. 1.16 billion shares or 0.04% more from 1.16 billion shares in 2017Q4 were reported. Badgley Phelps And Bell Incorporated, a Washington-based fund reported 5,016 shares. Trustco Natl Bank N Y reported 0.31% stake. Argyle Cap Management holds 0.11% of its portfolio in Altria Group, Inc. (NYSE:MO) for 4,646 shares. Narwhal Cap holds 0.94% or 65,102 shares. Farmers Fincl Bank invested 0.35% of its portfolio in Altria Group, Inc. (NYSE:MO). Hm Mgmt Limited Liability Co reported 0.18% in Altria Group, Inc. (NYSE:MO). Gateway Advisory Ltd Limited Liability Company has 3,439 shares for 0.06% of their portfolio. Blackrock stated it has 0.4% in Altria Group, Inc. (NYSE:MO). 72,983 were reported by Johnson Invest Counsel Inc. Thomaspartners Inc reported 1.36% stake. Veritable Lp has invested 0.18% in Altria Group, Inc. (NYSE:MO). 2.03M were accumulated by Century Cos Incorporated. 3,341 were accumulated by Baker Boyer Fincl Bank. Steinberg Asset Management has invested 0.9% of its portfolio in Altria Group, Inc. (NYSE:MO). Beese Fulmer Inv Management holds 0.37% or 26,947 shares.

Icon Advisers Inc, which manages about $2.21 billion and $1.32 billion US Long portfolio, decreased its stake in Wells Fargo & Co. (NYSE:WFC) by 14,700 shares to 24,300 shares, valued at $1.27 million in 2018Q1, according to the filing. It also reduced its holding in Edwards Lifesciences Corp. (NYSE:EW) by 9,800 shares in the quarter, leaving it with 13,000 shares, and cut its stake in Centerpoint Energy Inc. (NYSE:CNP).

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Fool.com which released: “Could Altria Be a Millionaire-Maker Stock?” on May 27, 2018, also Seekingalpha.com with their article: “Can Altria Survive US Government Regulations?” published on May 29, 2018, Fool.com published: “Altria’s Best Hope for a Bounce” on June 23, 2018. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Altria – A $62 Discount Cash Flow Valuation” published on May 31, 2018 as well as Seekingalpha.com‘s news article titled: “Shares Of Altria Are A Buy” with publication date: June 11, 2018.

Since February 7, 2018, it had 1 insider buy, and 4 insider sales for $1.52 million activity. The insider Dillard James E III sold 6,500 shares worth $410,313. Shares for $995,734 were sold by Johnson Craig A.. $199,488 worth of Altria Group, Inc. (NYSE:MO) was sold by SURGNER W HILDEBRANDT JR. $216,154 worth of Altria Group, Inc. (NYSE:MO) was sold by Quigley Brian W..

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Altria Group Inc. had 65 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Altria Group, Inc. (NYSE:MO) earned “Hold” rating by Jefferies on Tuesday, September 26. The stock of Altria Group, Inc. (NYSE:MO) has “Buy” rating given on Thursday, October 26 by Piper Jaffray. The company was maintained on Monday, May 29 by RBC Capital Markets. The rating was maintained by Cowen & Co with “Buy” on Thursday, October 26. The firm earned “Buy” rating on Thursday, July 27 by Piper Jaffray. The rating was maintained by UBS with “Neutral” on Monday, July 31. The company was maintained on Monday, January 8 by Cowen & Co. RBC Capital Markets maintained Altria Group, Inc. (NYSE:MO) rating on Friday, September 1. RBC Capital Markets has “Hold” rating and $62.0 target. Cowen & Co maintained it with “Hold” rating and $7400 target in Friday, July 7 report. The stock has “Hold” rating by RBC Capital Markets on Monday, November 6.

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