Nuveen Asset Management LLC reduced its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,204 shares of the financial services provider's stock after selling 23,124 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of Assured Guaranty worth $11,090,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Assured Guaranty by 46.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after buying an additional 149 shares during the last quarter. Venturi Wealth Management LLC grew its position 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 worth $62,000 after acquiring an additional 343 shares in the last quarter. Covestor Ltd grew 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 acquiring an additional 424 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Assured Guaranty during the 4th quarter valued at approximately $97,000. Finally, Jones Financial Companies Lllp raised its position in shares of Assured Guaranty by 1,794.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock valued at $135,000 after acquiring an additional 1,418 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company's stock.
Assured Guaranty Stock Performance
Shares of NYSE:AGO traded down $0.13 during trading on Friday, reaching $84.59. 356,223 shares of the company's stock traded hands, compared to its average volume of 346,506. The stock has a market capitalization of $4.15 billion, a P/E ratio of 6.57 and a beta of 0.82. Assured Guaranty Ltd. has a 12 month low of $72.57 and a 12 month high of $96.50. The company has a 50 day moving average of $85.07 and a 200-day moving average of $88.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.03. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The company had revenue of $345.00 million during the quarter, compared to the consensus estimate of $257.96 million. During the same quarter in the previous year, the company posted $1.96 earnings per share. On average, equities 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 was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.34 per share. The ex-dividend date was Friday, May 16th. This represents a $1.36 annualized dividend and a dividend yield of 1.61%. Assured Guaranty's dividend payout ratio (DPR) is 16.25%.
Insider Transactions at Assured Guaranty
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 transaction of $232,476.24. Following the completion of the sale, the chief accounting officer now directly owns 13,462 shares in the company, valued at approximately $1,181,425.12. This trade represents a 16.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dominic Frederico sold 10,438 shares of the business's stock in a transaction that occurred on 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 of the company's stock, 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. Insiders have sold 85,004 shares of company stock valued at $7,324,274 in the last quarter. 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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