Ethic Inc. reduced its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,564 shares of the financial services provider's stock after selling 3,296 shares during the quarter. Ethic Inc.'s holdings in Assured Guaranty were worth $321,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in shares of Assured Guaranty during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Assured Guaranty by 46.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 149 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Assured Guaranty by 100.6% in the 4th 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 lifted its position in shares of Assured Guaranty by 108.2% during the 4th quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock worth $73,000 after buying an additional 424 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Assured Guaranty in the fourth quarter valued at about $97,000. Institutional investors and hedge funds own 92.22% of the company's stock.
Assured Guaranty Price Performance
NYSE AGO traded down $0.52 during trading on Thursday, hitting $83.49. 26,437 shares of the company's stock were exchanged, compared to its average volume of 344,520. The stock's 50 day moving average price is $85.40 and its two-hundred day moving average price is $88.48. Assured Guaranty Ltd. has a fifty-two week low of $72.57 and a fifty-two week high of $96.50. 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 company has a market cap of $4.10 billion, a PE ratio of 6.47 and a beta of 0.82.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.15 by $0.03. The business had revenue of $345.00 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.96 EPS. Research analysts expect that Assured Guaranty Ltd. will post 7.3 EPS for the current year.
Assured Guaranty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.34 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.36 dividend on an annualized basis and a yield of 1.63%. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.
Insider Buying and Selling
In related news, CEO Dominic Frederico sold 10,438 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $86.13, for a total transaction of $899,024.94. Following the completion of the transaction, the chief executive officer now directly owns 1,337,635 shares of the company's stock, valued at $115,210,502.55. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Laura Bieling sold 2,649 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total transaction of $232,476.24. Following the completion of the transaction, the chief accounting officer now owns 13,462 shares in the company, valued at $1,181,425.12. This trade represents a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,004 shares of company stock worth $7,324,274 in the last ninety days. Company insiders own 5.10% of the company's stock.
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.
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