Brown Advisory Inc. Sells 24,116 Shares of Assured Guaranty Ltd. (NYSE:AGO)

Brown Advisory Inc. decreased its holdings in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 627,738 shares of the financial services provider's stock after selling 24,116 shares during the quarter. Brown Advisory Inc. owned approximately 1.23% of Assured Guaranty worth $56,503,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AGO. River Road Asset Management LLC increased its position in shares of Assured Guaranty by 67.4% during the fourth quarter. River Road Asset Management LLC now owns 1,116,131 shares of the financial services provider's stock worth $100,463,000 after buying an additional 449,310 shares during the period. Reinhart Partners LLC. grew its holdings in Assured Guaranty by 2.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,005,784 shares of the financial services provider's stock worth $90,531,000 after acquiring an additional 28,026 shares during the period. AQR Capital Management LLC grew its holdings in Assured Guaranty by 1.4% during the 4th quarter. AQR Capital Management LLC now owns 997,622 shares of the financial services provider's stock worth $89,796,000 after acquiring an additional 13,552 shares during the period. Royce & Associates LP raised its position in shares of Assured Guaranty by 0.9% in the 4th quarter. Royce & Associates LP now owns 990,193 shares of the financial services provider's stock worth $89,127,000 after acquiring an additional 9,062 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Assured Guaranty by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 926,415 shares of the financial services provider's stock valued at $73,670,000 after purchasing an additional 2,953 shares during the period. 92.22% of the stock is currently owned by institutional investors.

Assured Guaranty Stock Down 1.2 %

NYSE:AGO traded down $1.03 on Friday, hitting $87.42. The stock had a trading volume of 505,148 shares, compared to its average volume of 345,454. The company has a market cap of $4.37 billion, a PE ratio of 6.79 and a beta of 0.82. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50. The business's fifty day moving average is $85.14 and its 200 day moving average is $88.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29.

Assured Guaranty (NYSE:AGO - Get Free Report) last announced 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. The business had revenue of $345.00 million during the quarter, compared to analyst estimates of $257.96 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. During the same quarter in the previous year, the business posted $1.96 EPS. On average, equities research analysts expect that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.

Assured Guaranty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 16th. Assured Guaranty's payout ratio is currently 19.94%.

Assured Guaranty Profile

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.