Mackenzie Financial Corp Has $1.84 Million Stock Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Mackenzie Financial Corp boosted its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 413.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,392 shares of the financial services provider's stock after buying an additional 16,420 shares during the quarter. Mackenzie Financial Corp's holdings in Assured Guaranty were worth $1,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp raised its stake in Assured Guaranty by 0.5% in the 4th quarter. M&T Bank Corp now owns 21,508 shares of the financial services provider's stock valued at $1,935,000 after acquiring an additional 110 shares during the period. HighTower Advisors LLC lifted its stake in shares of Assured Guaranty by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 10,083 shares of the financial services provider's stock worth $908,000 after buying an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Assured Guaranty by 1.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,590 shares of the financial services provider's stock worth $1,133,000 after buying an additional 124 shares during the period. EverSource Wealth Advisors LLC lifted its position in Assured Guaranty by 46.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock worth $42,000 after acquiring an additional 149 shares during the last quarter. Finally, Cetera Investment Advisers boosted 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 worth $367,000 after acquiring an additional 266 shares during the period. Institutional investors own 92.22% of the company's stock.

Assured Guaranty Stock Performance

Shares of NYSE AGO traded down $0.16 during trading hours on Wednesday, reaching $84.53. 263,845 shares of the stock were exchanged, compared to its average volume of 346,058. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 6.57 and a beta of 0.82. The stock's fifty day simple moving average is $84.86 and its 200 day simple moving average is $88.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. 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 issued 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. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $345.00 million during the quarter, compared to analysts' expectations of $257.96 million. During the same quarter in the previous year, the company earned $1.96 EPS. Sell-side analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Assured Guaranty Announces Dividend

The business 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. The ex-dividend date was Friday, May 16th. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.

Insider Activity

In other news, CEO Dominic Frederico sold 10,438 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $86.13, for a total value of $899,024.94. Following the completion of the transaction, the chief executive officer now directly owns 1,337,635 shares in the company, valued at approximately $115,210,502.55. The trade was a 0.77% decrease in their position. The sale was disclosed in a 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 that occurred 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 sale, the chief accounting officer now owns 13,462 shares in the company, valued at $1,181,425.12. This represents a 16.44% decrease in their position. 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. 5.10% of the stock is currently owned by company insiders.

About Assured Guaranty

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.