Edgestream Partners L.P. lifted its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 47,540 shares of the financial services provider's stock after purchasing an additional 14,642 shares during the period. Edgestream Partners L.P. owned about 0.10% of Assured Guaranty worth $4,188,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in AGO. Cambridge Investment Research Advisors Inc. bought a new stake in Assured Guaranty in the 1st quarter worth $1,305,000. Robeco Institutional Asset Management B.V. grew its holdings in Assured Guaranty by 41.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 70,622 shares of the financial services provider's stock worth $6,222,000 after acquiring an additional 20,779 shares during the last quarter. Cetera Investment Advisers grew its holdings in Assured Guaranty by 7.0% in the 4th quarter. Cetera Investment Advisers now owns 4,074 shares of the financial services provider's stock worth $367,000 after acquiring an additional 266 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Assured Guaranty by 9.8% in 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 last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Assured Guaranty in the 1st quarter worth $624,000. Institutional investors own 92.22% of the company's stock.
Assured Guaranty Trading Up 0.2%
Shares of NYSE:AGO traded up $0.18 on Friday, hitting $83.49. The company had a trading volume of 208,821 shares, compared to its average volume of 331,892. The firm's 50-day simple moving average is $85.07 and its two-hundred day simple moving average is $87.00. Assured Guaranty Ltd. has a 1 year low of $72.57 and a 1 year high of $96.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 9.97 and a beta of 0.82.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.03. Assured Guaranty had a net margin of 45.58% and a return on equity of 7.76%. The company had revenue of $345.00 million during the quarter, compared to analysts' expectations of $257.96 million. During the same period last year, the company posted $1.96 EPS. Equities analysts anticipate that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.
Assured Guaranty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.63%. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.
Insider Activity
In other news, CEO Dominic Frederico sold 71,917 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 1,348,073 shares of the company's stock, valued at $116,082,566.03. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Laura Bieling sold 2,649 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $87.76, for a total transaction of $232,476.24. Following the transaction, the chief accounting officer directly owned 13,462 shares of the company's stock, valued at $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. Insiders sold 85,004 shares of company stock valued at $7,324,274 over the last ninety days. Corporate 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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