Mackenzie Financial Corp Purchases 4,013 Shares of Assured Guaranty Ltd. (NYSE:AGO)

Mackenzie Financial Corp increased its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 19.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,405 shares of the financial services provider's stock after acquiring an additional 4,013 shares during the quarter. Mackenzie Financial Corp's holdings in Assured Guaranty were worth $2,150,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AGO. Nisa Investment Advisors LLC grew its stake in shares of Assured Guaranty by 2.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,827 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 127 shares during the period. Choreo LLC grew its position in Assured Guaranty by 3.2% in the first quarter. Choreo LLC now owns 4,238 shares of the financial services provider's stock valued at $373,000 after acquiring an additional 132 shares during the period. Allworth Financial LP grew its position in Assured Guaranty by 27.6% in the first quarter. Allworth Financial LP now owns 717 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 155 shares during the period. HB Wealth Management LLC raised its stake in Assured Guaranty by 5.8% during the first quarter. HB Wealth Management LLC now owns 2,862 shares of the financial services provider's stock worth $252,000 after acquiring an additional 157 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Assured Guaranty by 7.0% during the fourth quarter. Cetera Investment Advisers now owns 4,074 shares of the financial services provider's stock valued at $367,000 after acquiring an additional 266 shares during the period. 92.22% of the stock is currently owned by institutional investors and hedge funds.

Assured Guaranty Price Performance

Shares of AGO traded up $0.47 during trading hours on Monday, hitting $84.31. The stock had a trading volume of 240,477 shares, compared to its average volume of 287,339. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 10.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.83. The company's fifty day moving average is $84.68 and its two-hundred day moving average is $86.55. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50.

Assured Guaranty (NYSE:AGO - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.15 by $0.03. Assured Guaranty had a return on equity of 7.76% and a net margin of 45.58%. The business had revenue of $345.00 million for the quarter, compared to the consensus estimate of $257.96 million. During the same period in the previous year, the business earned $1.96 EPS. On average, analysts anticipate that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Insiders Place Their Bets

In other 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 value of $232,476.24. Following the completion of the sale, the chief accounting officer directly owned 13,462 shares in the company, valued at approximately $1,181,425.12. This trade represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dominic Frederico sold 71,917 shares of Assured Guaranty stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $86.11, for a total value of $6,192,772.87. Following the completion of the transaction, the chief executive officer directly owned 1,348,073 shares of the company's stock, valued at $116,082,566.03. This represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,004 shares of company stock worth $7,324,274. Insiders own 5.10% of the company's stock.

Assured Guaranty Profile

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.