Vest Financial LLC purchased a new position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 38,969 shares of the financial services provider's stock, valued at approximately $3,433,000. Vest Financial LLC owned approximately 0.08% of Assured Guaranty as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Assured Guaranty in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in Assured Guaranty by 46.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock worth $42,000 after purchasing an additional 149 shares during the last quarter. Venturi Wealth Management LLC raised its position in Assured Guaranty by 100.6% in the 4th quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock worth $62,000 after purchasing an additional 343 shares during the last quarter. Covestor Ltd lifted its holdings in 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 in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Assured Guaranty in the 4th quarter valued at $97,000. Institutional investors own 92.22% of the company's stock.
Insider Activity at Assured Guaranty
In related news, CEO Dominic Frederico sold 10,438 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $86.13, for a total transaction of $899,024.94. Following the sale, the chief executive officer now owns 1,337,635 shares in the company, valued at approximately $115,210,502.55. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Laura Bieling sold 2,649 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $87.76, for a total value of $232,476.24. Following the completion of the sale, the chief accounting officer now directly owns 13,462 shares of the company's stock, valued at approximately $1,181,425.12. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 85,004 shares of company stock worth $7,324,274. 5.10% of the stock is owned by company insiders.
Assured Guaranty Trading Down 0.5%
Shares of NYSE:AGO traded down $0.41 during trading on Tuesday, hitting $83.56. 263,441 shares of the company's stock were exchanged, compared to its average volume of 343,699. 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 $4.10 billion, a P/E ratio of 6.49 and a beta of 0.83. The firm has a 50-day moving average price of $84.65 and a two-hundred day moving average price of $88.01. Assured Guaranty Ltd. has a 1-year low of $72.57 and a 1-year high of $96.50.
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, topping the consensus estimate of $3.15 by $0.03. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. The business had revenue of $345.00 million for the quarter, compared to the consensus estimate of $257.96 million. During the same quarter last year, the business posted $1.96 EPS. Equities analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, May 16th. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.
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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