Norges Bank and CalPERS boost investments in Assured Guaranty despite earnings shortfall.
Norges Bank and CalPERS have increased their investments in Assured Guaranty Ltd., a financial services provider. Norges Bank bought 560,456 shares worth $50.45 million, while CalPERS increased its stake by 75.2%. Assured Guaranty recently reported earnings of $1.27 per share, missing estimates by $0.07, with a return on equity of 11.58%. The company provides credit protection services for public finance, infrastructure, and structured finance markets.
6 days ago
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