Reinhart Partners LLC. boosted its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 12.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,810 shares of the financial services provider's stock after purchasing an additional 129,026 shares during the period. Assured Guaranty comprises approximately 3.6% of Reinhart Partners LLC.'s holdings, making the stock its 5th largest holding. Reinhart Partners LLC. owned about 2.27% of Assured Guaranty worth $99,977,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of AGO. Proficio Capital Partners LLC purchased a new position in shares of Assured Guaranty during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Assured Guaranty by 46.3% during the 4th 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 period. Venturi Wealth Management LLC increased its stake in shares of Assured Guaranty by 100.6% in the 4th quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock worth $62,000 after acquiring an additional 343 shares in the last quarter. Covestor Ltd increased its stake in shares of Assured Guaranty by 108.2% in the 4th quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock worth $73,000 after acquiring an additional 424 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Assured Guaranty in the 4th quarter worth about $97,000. Hedge funds and other institutional investors own 92.22% of the company's stock.
Insider Activity at Assured Guaranty
In other news, CAO Laura Bieling sold 2,649 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 13,462 shares of the company's stock, valued at $1,181,425.12. This represents a 16.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dominic Frederico sold 71,917 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,348,073 shares in the company, valued at $116,082,566.03. The trade was 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 have sold 85,004 shares of company stock valued at $7,324,274. 5.10% of the stock is owned by corporate insiders.
Assured Guaranty Stock Down 0.5%
Shares of Assured Guaranty stock traded down $0.41 during midday trading on Tuesday, hitting $83.56. The company had a trading volume of 263,441 shares, compared to its average volume of 343,699. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $4.10 billion, a P/E ratio of 6.49 and a beta of 0.83. The company has a 50 day moving average of $84.65 and a 200 day moving average of $88.01. 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 posted its quarterly earnings results 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. The company had revenue of $345.00 million for 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 quarter in the prior year, the business posted $1.96 EPS. On average, equities analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.
Assured Guaranty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.34 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.63%. Assured Guaranty's dividend payout ratio (DPR) 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.
Recommended 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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
