GAMMA Investing LLC lifted its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 8,932.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 240,161 shares of the financial services provider's stock after purchasing an additional 237,502 shares during the period. GAMMA Investing LLC owned 0.48% of Assured Guaranty worth $211,580,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in AGO. Proficio Capital Partners LLC bought a new position in Assured Guaranty in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 149 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Assured Guaranty by 100.6% in the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 343 shares during the last quarter. Covestor Ltd boosted its holdings in Assured Guaranty by 108.2% in the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 424 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Assured Guaranty in the fourth quarter valued at about $97,000. Institutional investors own 92.22% of the company's stock.
Insider Buying and Selling at Assured Guaranty
In other news, CAO Laura Bieling sold 2,649 shares of Assured Guaranty 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 transaction, the chief accounting officer now owns 13,462 shares in the company, valued at $1,181,425.12. The trade was a 16.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dominic Frederico sold 10,438 shares of Assured Guaranty 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 transaction, the chief executive officer now owns 1,337,635 shares in the company, valued at $115,210,502.55. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,004 shares of company stock valued at $7,324,274. 5.10% of the stock is currently owned by company insiders.
Assured Guaranty Trading Down 0.5%
Assured Guaranty stock traded down $0.39 during mid-day trading on Thursday, hitting $84.09. The stock had a trading volume of 231,456 shares, compared to its average volume of 345,537. The stock has a 50-day simple moving average of $84.78 and a two-hundred day simple moving average of $88.20. The stock has a market capitalization of $4.13 billion, a PE ratio of 6.53 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 current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.
Assured Guaranty (NYSE:AGO - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.03. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. The firm had revenue of $345.00 million for the quarter, compared to analyst estimates of $257.96 million. During the same quarter in the prior year, the firm posted $1.96 earnings per share. As a group, sell-side analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current year.
Assured Guaranty Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, May 16th. Assured Guaranty's payout ratio is 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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