Robeco Institutional Asset Management B.V. raised its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 41.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,622 shares of the financial services provider's stock after purchasing an additional 20,779 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of Assured Guaranty worth $6,222,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of AGO. Proficio Capital Partners LLC purchased a new stake in shares of Assured Guaranty during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew 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 worth $42,000 after acquiring an additional 149 shares during the period. Covestor Ltd increased its stake in Assured Guaranty by 108.2% during the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock worth $73,000 after acquiring an additional 424 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Assured Guaranty during the fourth quarter worth $97,000. Finally, Jones Financial Companies Lllp raised its position in Assured Guaranty by 1,794.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 1,418 shares during the period. 92.22% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CAO Laura Bieling sold 2,649 shares of Assured Guaranty stock in a transaction that occurred 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 owned 13,462 shares in the company, valued at approximately $1,181,425.12. This trade represents a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dominic Frederico sold 71,917 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $86.11, for a total value of $6,192,772.87. Following the transaction, the chief executive officer owned 1,348,073 shares in the company, valued at $116,082,566.03. This trade represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,004 shares of company stock valued at $7,324,274 in the last ninety days. 5.10% of the stock is currently owned by corporate insiders.
Assured Guaranty Trading Up 0.6%
Shares of Assured Guaranty stock traded up $0.53 during trading hours on Thursday, hitting $85.50. The company's stock had a trading volume of 277,662 shares, compared to its average volume of 333,669. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 10.22 and a beta of 0.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.83. Assured Guaranty Ltd. has a twelve month low of $72.57 and a twelve month high of $96.50. The firm has a fifty day moving average of $86.10 and a 200-day moving average of $87.39.
Assured Guaranty (NYSE:AGO - Get Free Report) last posted its earnings results 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. The company had revenue of $345.00 million for the quarter, compared to analysts' expectations of $257.96 million. Assured Guaranty had a net margin of 45.58% and a return on equity of 7.76%. During the same quarter in the prior year, the company posted $1.96 earnings per share. Research analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current year.
Assured Guaranty Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.36 annualized dividend and a dividend yield of 1.59%. Assured Guaranty's dividend payout ratio is currently 16.25%.
About Assured Guaranty
(
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.
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