Quantinno Capital Management LP raised its stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 45.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,669 shares of the financial services provider's stock after purchasing an additional 14,342 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Assured Guaranty worth $4,111,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in AGO. Proficio Capital Partners LLC purchased a new position in Assured Guaranty in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in Assured Guaranty by 46.3% in the fourth 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. Venturi Wealth Management LLC raised its position in 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 position in 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 purchasing an additional 424 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Assured Guaranty in the fourth quarter valued at about $97,000. 92.22% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CAO Laura Bieling sold 2,649 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total transaction 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 $1,181,425.12. This trade represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dominic Frederico sold 10,438 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $86.13, for a total value of $899,024.94. Following the sale, the chief executive officer now owns 1,337,635 shares of the company's stock, valued at $115,210,502.55. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,004 shares of company stock worth $7,324,274 over the last ninety days. Corporate insiders own 5.10% of the company's stock.
Assured Guaranty Stock Up 0.5%
Shares of Assured Guaranty stock traded up $0.42 during trading hours on Friday, hitting $84.37. 395,444 shares of the company's stock traded hands, compared to its average volume of 347,115. The stock has a 50 day simple moving average of $85.30 and a 200-day simple moving average of $88.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.14 billion, a PE ratio of 6.56 and a beta of 0.82. Assured Guaranty Ltd. has a twelve month low of $72.57 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.03. The company had revenue of $345.00 million during the quarter, compared to the consensus estimate of $257.96 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. During the same period last year, the firm earned $1.96 earnings per share. Equities research analysts anticipate that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.
Assured Guaranty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.36 annualized dividend and a dividend yield of 1.61%. Assured Guaranty's dividend payout ratio is presently 16.25%.
Assured Guaranty Company Profile
(
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.
Featured Stories
Before you consider Assured Guaranty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.
While Assured Guaranty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
