Harbor Capital Advisors Inc. increased its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 22.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,589 shares of the financial services provider's stock after purchasing an additional 19,194 shares during the quarter. Harbor Capital Advisors Inc. owned 0.21% of Assured Guaranty worth $9,126,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Assured Guaranty by 554.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,544 shares of the financial services provider's stock valued at $136,000 after buying an additional 1,308 shares during the last quarter. Reinhart Partners LLC. grew its stake in Assured Guaranty by 12.8% during the 1st quarter. Reinhart Partners LLC. now owns 1,134,810 shares of the financial services provider's stock valued at $99,977,000 after purchasing an additional 129,026 shares in the last quarter. Procyon Advisors LLC increased its holdings in Assured Guaranty by 12.9% during the 1st quarter. Procyon Advisors LLC now owns 3,068 shares of the financial services provider's stock worth $270,000 after purchasing an additional 351 shares during the last quarter. Vest Financial LLC purchased a new stake in Assured Guaranty during the 1st quarter worth approximately $3,433,000. Finally, GAMMA Investing LLC raised its position in shares of Assured Guaranty by 8,932.0% in the 1st quarter. GAMMA Investing LLC now owns 240,161 shares of the financial services provider's stock valued at $211,580,000 after purchasing an additional 237,502 shares in the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.
Assured Guaranty Stock Down 0.3%
Shares of AGO stock traded down $0.24 during mid-day trading on Friday, reaching $84.70. 315,034 shares of the company were exchanged, compared to its average volume of 340,329. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50 day simple moving average is $84.93 and its 200 day simple moving average is $87.92. The company has a market capitalization of $4.16 billion, a P/E ratio of 6.58 and a beta of 0.83. Assured Guaranty Ltd. has a fifty-two week low of $72.57 and a fifty-two week high of $96.50.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.03. The company had revenue of $345.00 million during the quarter, compared to analyst estimates of $257.96 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. During the same period last year, the business earned $1.96 EPS. Research analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, May 16th. Assured Guaranty's payout ratio is currently 16.25%.
Insiders Place Their Bets
In related news, CAO Laura Bieling sold 2,649 shares of the firm's stock in a transaction on 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 directly owns 13,462 shares in the company, valued at $1,181,425.12. This trade represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 on Tuesday, May 20th. The shares were sold at an average price of $86.13, for a total transaction of $899,024.94. Following the sale, the chief executive officer now 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 a total of 85,004 shares of company stock valued at $7,324,274 in the last quarter. Insiders own 5.10% of the company's stock.
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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