Cary Street Partners Financial LLC Acquires Shares of 15,014 Assured Guaranty Ltd. (NYSE:AGO)

Cary Street Partners Financial LLC acquired a new position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,014 shares of the financial services provider's stock, valued at approximately $1,351,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Assured Guaranty by 46.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock worth $42,000 after buying an additional 149 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Assured Guaranty by 100.6% in the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 343 shares during the last quarter. Covestor Ltd increased its stake in Assured Guaranty by 108.2% in the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 424 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Assured Guaranty in the 4th quarter worth about $97,000. Finally, Jones Financial Companies Lllp grew its holdings in Assured Guaranty by 1,794.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock valued at $135,000 after buying an additional 1,418 shares during the period. 92.22% of the stock is owned by institutional investors and hedge funds.

Assured Guaranty Trading Up 0.5%

Shares of AGO stock traded up $0.46 during trading hours on Tuesday, hitting $87.85. 102,962 shares of the company were exchanged, compared to its average volume of 345,013. The firm has a fifty day moving average of $85.15 and a 200 day moving average of $88.45. 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 Ltd. has a 1 year low of $72.57 and a 1 year high of $96.50. The firm has a market cap of $4.39 billion, a PE ratio of 6.83 and a beta of 0.82.

Assured Guaranty (NYSE:AGO - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.03. The business had revenue of $345.00 million for the quarter, compared to analyst estimates of $257.96 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. During the same period last year, the company posted $1.96 EPS. Analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Announces Dividend

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 dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, May 16th. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.

About Assured Guaranty

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.