Robeco Institutional Asset Management B.V. Raises Position in Assured Guaranty Ltd. (NYSE:AGO)

Robeco Institutional Asset Management B.V. boosted its holdings in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 41.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,622 shares of the financial services provider's stock after buying an additional 20,779 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.14% of Assured Guaranty worth $6,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Reinhart Partners LLC. grew its stake in Assured Guaranty by 12.8% in the 1st quarter. Reinhart Partners LLC. now owns 1,134,810 shares of the financial services provider's stock valued at $99,977,000 after buying an additional 129,026 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Assured Guaranty by 67.4% in the 4th quarter. River Road Asset Management LLC now owns 1,116,131 shares of the financial services provider's stock valued at $100,463,000 after purchasing an additional 449,310 shares during the period. AQR Capital Management LLC boosted its holdings in Assured Guaranty by 1.4% in the 4th quarter. AQR Capital Management LLC now owns 997,622 shares of the financial services provider's stock valued at $89,796,000 after purchasing an additional 13,552 shares during the period. Royce & Associates LP boosted its holdings in Assured Guaranty by 0.9% in the 4th quarter. Royce & Associates LP now owns 990,193 shares of the financial services provider's stock valued at $89,127,000 after purchasing an additional 9,062 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Assured Guaranty by 12.0% in the 4th quarter. American Century Companies Inc. now owns 903,270 shares of the financial services provider's stock valued at $81,303,000 after purchasing an additional 97,091 shares during the period. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Assured Guaranty

In other news, CAO Laura Bieling sold 2,649 shares of the company's 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 transaction, the chief accounting officer now owns 13,462 shares in the company, valued at approximately $1,181,425.12. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dominic Frederico sold 10,438 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,337,635 shares in the company, valued at $115,210,502.55. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,004 shares of company stock worth $7,324,274 over the last 90 days. 5.10% of the stock is owned by company insiders.

Assured Guaranty Stock Performance

NYSE AGO opened at $87.49 on Monday. The company has a market capitalization of $4.29 billion, a P/E ratio of 10.45 and a beta of 0.83. The company has a fifty day moving average of $85.97 and a 200-day moving average of $87.44. Assured Guaranty Ltd. has a 52-week low of $72.57 and a 52-week high of $96.50. 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 (NYSE:AGO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.03. Assured Guaranty had a net margin of 45.58% and a return on equity of 7.76%. The firm had revenue of $345.00 million for the quarter, compared to analysts' expectations of $257.96 million. During the same quarter in the previous year, the company earned $1.96 earnings per share. As a group, equities research analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.

Assured Guaranty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, May 16th. Assured Guaranty's dividend payout ratio is currently 16.25%.

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.

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