Millennium Management LLC Has $4.47 Million Stock Position in Assured Guaranty Ltd. (NYSE:AGO)

Millennium Management LLC decreased its position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 60.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 49,689 shares of the financial services provider's stock after selling 74,430 shares during the period. Millennium Management LLC owned 0.10% of Assured Guaranty worth $4,473,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in Assured Guaranty by 214.0% during the third quarter. Barclays PLC now owns 24,879 shares of the financial services provider's stock valued at $1,980,000 after acquiring an additional 16,956 shares during the period. Janney Montgomery Scott LLC grew its holdings in Assured Guaranty by 108.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,047 shares of the financial services provider's stock worth $1,534,000 after acquiring an additional 8,856 shares in the last quarter. KBC Group NV raised its stake in Assured Guaranty by 28.6% during the fourth quarter. KBC Group NV now owns 2,003 shares of the financial services provider's stock valued at $180,000 after buying an additional 445 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Assured Guaranty by 69.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 49,843 shares of the financial services provider's stock valued at $4,486,000 after purchasing an additional 20,501 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Assured Guaranty during the fourth quarter worth about $97,000. Institutional investors and hedge funds own 92.22% of the company's stock.

Assured Guaranty Stock Performance

Shares of Assured Guaranty stock traded down $0.71 during trading on Tuesday, hitting $84.09. 38,922 shares of the stock were exchanged, compared to its average volume of 345,100. 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 12 month low of $72.57 and a 12 month high of $96.50. The stock's fifty day moving average is $85.00 and its 200 day moving average is $88.30. The stock has a market cap of $4.13 billion, a PE ratio of 6.53 and a beta of 0.82.

Assured Guaranty (NYSE:AGO - Get Free Report) last posted 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 70.37% and a return on equity of 11.58%. The business had revenue of $345.00 million for the quarter, compared to analyst estimates of $257.96 million. During the same quarter last year, the business earned $1.96 earnings per share. As a group, sell-side analysts anticipate that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Assured Guaranty Announces Dividend

The firm 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 of this dividend was Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.62%. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.

Insider Transactions at Assured Guaranty

In other news, CAO Laura Bieling sold 2,649 shares of the business'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 directly owns 13,462 shares in the company, valued at approximately $1,181,425.12. The trade was a 16.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dominic Frederico sold 10,438 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $86.13, for a total transaction of $899,024.94. Following the transaction, the chief executive officer now directly owns 1,337,635 shares in the company, valued at $115,210,502.55. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,004 shares of company stock valued at $7,324,274 over the last three months. 5.10% of the stock is owned by corporate insiders.

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.