Harbor Capital Advisors Inc. increased its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Assured Guaranty by 554.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,544 shares of the financial services provider's stock worth $136,000 after acquiring an additional 1,308 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of 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 worth $99,977,000 after purchasing an additional 129,026 shares during the period. Procyon Advisors LLC grew its holdings in shares of Assured Guaranty by 12.9% in the 1st quarter. Procyon Advisors LLC now owns 3,068 shares of the financial services provider's stock worth $270,000 after acquiring an additional 351 shares during the period. Vest Financial LLC purchased a new stake in shares of Assured Guaranty in the 1st quarter worth about $3,433,000. Finally, GAMMA Investing LLC lifted its stake in 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 buying an additional 237,502 shares in the last quarter. 92.22% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Assured Guaranty news, CEO Dominic Frederico sold 71,917 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 1,348,073 shares of the company's stock, valued at $116,082,566.03. This represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Laura Bieling sold 2,649 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total value of $232,476.24. Following the transaction, the chief accounting officer now owns 13,462 shares of the company's stock, valued at approximately $1,181,425.12. This trade represents a 16.44% 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 worth $7,324,274. Insiders own 5.10% of the company's stock.
Assured Guaranty Trading Up 0.4%
Shares of AGO stock traded up $0.33 during trading hours on Friday, hitting $85.27. 49,757 shares of the company were exchanged, compared to its average volume of 340,121. The firm has a fifty day moving average of $84.93 and a 200 day moving average of $87.92. The firm has a market cap of $4.19 billion, a PE ratio of 6.63 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. 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 earnings results 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 the consensus estimate of $257.96 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. During the same quarter in the previous year, the firm earned $1.96 EPS. Analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, May 16th. Assured Guaranty's dividend payout ratio (DPR) is 16.25%.
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.
Recommended Stories
Before you consider Assured Guaranty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.
While Assured Guaranty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
