Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 70.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,124 shares of the financial services provider's stock after buying an additional 28,613 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Assured Guaranty worth $6,090,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Allworth Financial LP boosted its position in Assured Guaranty by 27.6% during the 1st quarter. Allworth Financial LP now owns 717 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 155 shares in the last quarter. Covestor Ltd boosted its position in shares of Assured Guaranty by 108.2% in the 4th quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock worth $73,000 after purchasing an additional 424 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Assured Guaranty in the 4th quarter worth approximately $97,000. Farther Finance Advisors LLC boosted its position in shares of Assured Guaranty by 554.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,544 shares of the financial services provider's stock worth $136,000 after purchasing an additional 1,308 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Assured Guaranty in the 4th quarter worth approximately $150,000. Hedge funds and other institutional investors own 92.22% of the company's stock.
Insider Buying and Selling at Assured Guaranty
In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of the stock in a transaction dated Tuesday, May 13th. The shares were 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 owned 13,462 shares of the company's stock, valued at $1,181,425.12. This represents a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dominic Frederico sold 71,917 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $86.11, for a total transaction of $6,192,772.87. Following the transaction, the chief executive officer directly owned 1,348,073 shares of the company's stock, valued at $116,082,566.03. This trade represents a 5.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,004 shares of company stock valued at $7,324,274 in the last ninety days. 5.10% of the stock is currently owned by insiders.
Assured Guaranty Stock Up 0.0%
NYSE AGO traded up $0.04 during mid-day trading on Thursday, reaching $83.72. The stock had a trading volume of 34,228 shares, compared to its average volume of 324,961. Assured Guaranty Ltd. has a 1 year low of $72.57 and a 1 year high of $96.50. The stock has a market cap of $4.11 billion, a PE ratio of 10.01 and a beta of 0.82. The company has a fifty day moving average price of $84.68 and a 200 day moving average price of $86.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.83.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share 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 45.58% and a return on equity of 7.76%. During the same period in the previous year, the business earned $1.96 EPS. On average, research analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 16th. Assured Guaranty's dividend payout ratio is currently 16.25%.
Assured Guaranty Profile
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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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