ExodusPoint Capital Management LP trimmed its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 81.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,545 shares of the financial services provider's stock after selling 42,977 shares during the quarter. ExodusPoint Capital Management LP's holdings in Assured Guaranty were worth $859,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. River Road Asset Management LLC raised its stake in shares of Assured Guaranty by 67.4% in the 4th quarter. River Road Asset Management LLC now owns 1,116,131 shares of the financial services provider's stock valued at $100,463,000 after acquiring an additional 449,310 shares during the period. Reinhart Partners LLC. raised its position in Assured Guaranty by 2.9% in the fourth quarter. Reinhart Partners LLC. now owns 1,005,784 shares of the financial services provider's stock valued at $90,531,000 after purchasing an additional 28,026 shares during the period. Royce & Associates LP lifted its stake in Assured Guaranty by 0.9% during the fourth quarter. Royce & Associates LP now owns 990,193 shares of the financial services provider's stock worth $89,127,000 after purchasing an additional 9,062 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Assured Guaranty by 0.3% during the third quarter. Principal Financial Group Inc. now owns 926,415 shares of the financial services provider's stock worth $73,670,000 after buying an additional 2,953 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Assured Guaranty by 12.0% in the 4th quarter. American Century Companies Inc. now owns 903,270 shares of the financial services provider's stock valued at $81,303,000 after buying an additional 97,091 shares during the period. Institutional investors and hedge funds own 92.22% of the company's stock.
Assured Guaranty Trading Up 1.8 %
Assured Guaranty stock traded up $1.49 during midday trading on Wednesday, reaching $83.41. 37,450 shares of the stock traded hands, compared to its average volume of 316,928. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.17 billion, a PE ratio of 6.48 and a beta of 0.84. The company has a 50-day simple moving average of $86.69 and a two-hundred day simple moving average of $87.96. Assured Guaranty Ltd. has a 12-month low of $72.57 and a 12-month high of $96.50.
Assured Guaranty (NYSE:AGO - Get Free Report) last released its earnings results on Thursday, February 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.07). The business had revenue of $199.00 million for the quarter, compared to analyst estimates of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. Research analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.
Assured Guaranty Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.34 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.63%. This is an increase from Assured Guaranty's previous quarterly dividend of $0.31. Assured Guaranty's payout ratio is currently 19.94%.
About Assured Guaranty
(
Free Report)
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.
Recommended Stories
Before you consider Assured Guaranty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.
While Assured Guaranty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
