Jefferies Financial Group Inc. purchased a new position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,816 shares of the financial services provider's stock, valued at approximately $884,000.
Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Assured Guaranty by 46.3% in 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 last quarter. Venturi Wealth Management LLC increased its stake in shares of 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 purchasing an additional 343 shares during the period. Covestor Ltd raised its holdings in shares of Assured Guaranty by 108.2% during the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock valued at $73,000 after buying an additional 424 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Assured Guaranty during the fourth quarter worth approximately $97,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Assured Guaranty by 1,794.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock worth $135,000 after buying an additional 1,418 shares during the period. Institutional investors own 92.22% of the company's stock.
Insider Buying and Selling at Assured Guaranty
In other news, CEO Dominic Frederico sold 71,917 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $86.11, for a total value 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 approximately $116,082,566.03. The trade was a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Laura Bieling sold 2,649 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $87.76, for a total value of $232,476.24. Following the completion of the sale, 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. In the last 90 days, insiders have sold 85,004 shares of company stock valued at $7,324,274. Company insiders own 5.10% of the company's stock.
Assured Guaranty Stock Performance
AGO stock traded down $0.05 on Tuesday, reaching $84.75. The company's stock had a trading volume of 346,747 shares, compared to its average volume of 346,358. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $4.16 billion, a P/E ratio of 6.59 and a beta of 0.82. The firm has a fifty day moving average of $84.92 and a two-hundred day moving average of $88.28.
Assured Guaranty (NYSE:AGO - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $345.00 million during the quarter, compared to analysts' expectations of $257.96 million. During the same quarter in the prior year, the business posted $1.96 earnings per share. As a group, analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal 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 dividend of $0.34 per share. The ex-dividend date was Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.60%. 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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