Rhumbline Advisers decreased its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 4.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 113,647 shares of the financial services provider's stock after selling 5,718 shares during the period. Rhumbline Advisers owned 0.23% of Assured Guaranty worth $10,012,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 149 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Assured Guaranty by 100.6% in the fourth 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 period. Covestor Ltd raised its position in shares of Assured Guaranty by 108.2% in the fourth 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. Heck Capital Advisors LLC bought a new stake in Assured Guaranty during the fourth quarter valued at $97,000. Finally, Jones Financial Companies Lllp grew its position in Assured Guaranty by 1,794.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock worth $135,000 after buying an additional 1,418 shares in the last quarter. Institutional investors own 92.22% of the company's stock.
Insider Transactions at Assured Guaranty
In other news, CEO Dominic Frederico sold 71,917 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $86.11, for a total value of $6,192,772.87. Following the completion of the sale, the chief executive officer now directly owns 1,348,073 shares of the company's stock, valued at approximately $116,082,566.03. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Laura Bieling sold 2,649 shares of Assured Guaranty 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 sale, the chief accounting officer now directly owns 13,462 shares in the company, valued at approximately $1,181,425.12. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Price Performance
Shares of NYSE:AGO traded up $0.62 on Wednesday, hitting $84.14. The company's stock had a trading volume of 291,765 shares, compared to its average volume of 342,669. The company has a market capitalization of $4.13 billion, a PE ratio of 6.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50-day simple moving average of $84.75 and a 200 day simple moving average of $87.98. 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 released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.03. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $345.00 million during the quarter, compared to analysts' expectations of $257.96 million. During the same quarter in the previous year, the company earned $1.96 EPS. Sell-side analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.
Assured Guaranty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors 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 1.62%. The ex-dividend date was Friday, May 16th. Assured Guaranty's dividend payout ratio is currently 16.25%.
Assured Guaranty Company 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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