Janney Montgomery Scott LLC reduced its holdings in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,150 shares of the financial services provider's stock after selling 2,897 shares during the quarter. Janney Montgomery Scott LLC's holdings in Assured Guaranty were worth $1,247,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in AGO. EverSource Wealth Advisors LLC boosted its stake in Assured Guaranty by 46.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 149 shares during the period. Covestor Ltd boosted 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 valued at $73,000 after acquiring an additional 424 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Assured Guaranty in the fourth quarter valued at approximately $97,000. Jones Financial Companies Lllp grew its stake in shares of Assured Guaranty by 1,794.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock worth $135,000 after acquiring an additional 1,418 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Assured Guaranty by 208.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,524 shares of the financial services provider's stock worth $136,000 after acquiring an additional 1,030 shares during the last quarter. 92.22% of the stock is currently owned by institutional investors.
Assured Guaranty Stock Performance
NYSE:AGO traded down $0.43 during trading hours on Monday, hitting $87.12. 291,147 shares of the company traded hands, compared to its average volume of 334,424. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. Assured Guaranty Ltd. has a twelve month low of $72.57 and a twelve month high of $96.50. The firm has a 50-day moving average of $85.97 and a 200 day moving average of $87.44. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.41 and a beta of 0.83.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 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 business had revenue of $345.00 million during the quarter, compared to analyst estimates of $257.96 million. During the same quarter in the prior year, the business earned $1.96 earnings per share. On average, analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current year.
Assured Guaranty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.56%. Assured Guaranty's dividend payout ratio is currently 16.25%.
Insider Activity at Assured Guaranty
In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of Assured Guaranty stock in a transaction 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 sale, the chief accounting officer owned 13,462 shares in the company, valued at $1,181,425.12. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dominic Frederico sold 10,438 shares of the 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 completion of the transaction, the chief executive officer owned 1,337,635 shares of the company's stock, valued at approximately $115,210,502.55. This represents 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 worth $7,324,274 in the last three months. 5.10% of the stock is owned by insiders.
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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