Nuveen Asset Management LLC decreased its position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 123,204 shares of the financial services provider's stock after selling 23,124 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.24% of Assured Guaranty worth $11,090,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Assured Guaranty by 214.0% during the 3rd quarter. Barclays PLC now owns 24,879 shares of the financial services provider's stock worth $1,980,000 after acquiring an additional 16,956 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Assured Guaranty by 10.2% during the 4th quarter. Allianz Asset Management GmbH now owns 719,249 shares of the financial services provider's stock worth $64,740,000 after acquiring an additional 66,487 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Assured Guaranty during the 4th quarter worth $2,367,000. Envestnet Asset Management Inc. grew its stake in shares of Assured Guaranty by 9.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 74,039 shares of the financial services provider's stock worth $6,664,000 after acquiring an additional 6,581 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Assured Guaranty during the 4th quarter worth $28,060,000. Institutional investors own 92.22% of the company's stock.
Insider Buying and Selling
In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total value of $232,476.24. Following the sale, the chief accounting officer now owns 13,462 shares of the company's stock, valued at $1,181,425.12. This trade represents a 16.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dominic Frederico sold 10,438 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were 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 now directly owns 1,337,635 shares in the company, valued at approximately $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 valued at $7,324,274. Corporate insiders own 5.10% of the company's stock.
Assured Guaranty Price Performance
AGO traded up $0.49 during trading on Thursday, reaching $84.63. 271,346 shares of the company were exchanged, compared to its average volume of 346,608. The company's 50-day moving average is $85.14 and its two-hundred day moving average is $88.42. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 6.58 and a beta of 0.82. 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 12-month low of $72.57 and a 12-month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.03. The business had revenue of $345.00 million for the quarter, compared to analysts' expectations of $257.96 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. During the same quarter in the prior year, the firm posted $1.96 EPS. Research analysts forecast that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.
Assured Guaranty Announces Dividend
The business 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 dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. Assured Guaranty's dividend payout ratio (DPR) is 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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