Wealth Enhancement Advisory Services LLC trimmed its stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,839 shares of the financial services provider's stock after selling 2,960 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Assured Guaranty were worth $1,131,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Assured Guaranty during the 4th quarter worth $50,447,000. River Road Asset Management LLC grew its stake in Assured Guaranty by 67.4% during the 4th 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 last quarter. Raymond James Financial Inc. purchased a new position in Assured Guaranty during the 4th quarter worth $28,060,000. Boston Partners grew its stake in Assured Guaranty by 46.0% during the 4th quarter. Boston Partners now owns 806,821 shares of the financial services provider's stock worth $72,904,000 after buying an additional 254,063 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Assured Guaranty by 8,932.0% during the 1st quarter. GAMMA Investing LLC now owns 240,161 shares of the financial services provider's stock worth $211,580,000 after buying an additional 237,502 shares during the last quarter. 92.22% of the stock is owned by institutional investors.
Insider Activity
In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total transaction of $232,476.24. Following the sale, the chief accounting officer owned 13,462 shares in the company, valued at approximately $1,181,425.12. The trade was a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $899,024.94. Following the completion of the sale, the chief executive officer owned 1,337,635 shares in the company, valued at $115,210,502.55. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,004 shares of company stock worth $7,324,274. Company insiders own 5.10% of the company's stock.
Assured Guaranty Stock Up 0.6%
AGO stock traded up $0.53 on Friday, hitting $85.50. 277,662 shares of the company's stock were exchanged, compared to its average volume of 333,507. Assured Guaranty Ltd. has a 12-month low of $72.57 and a 12-month high of $96.50. The firm has a 50 day moving average price of $86.06 and a two-hundred day moving average price of $87.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $4.20 billion, a P/E ratio of 10.22 and a beta of 0.82.
Assured Guaranty (NYSE:AGO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.03. The business had revenue of $345.00 million for the quarter, compared to the consensus estimate of $257.96 million. Assured Guaranty had a return on equity of 7.76% and a net margin of 45.58%. During the same quarter in the previous year, the business earned $1.96 EPS. As a group, equities research analysts expect that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.
Assured Guaranty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.59%. Assured Guaranty's payout ratio is presently 16.25%.
Assured Guaranty Company Profile
(
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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