Royce & Associates LP increased its stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,760 shares of the financial services provider's stock after acquiring an additional 10,567 shares during the period. Assured Guaranty makes up approximately 1.0% of Royce & Associates LP's investment portfolio, making the stock its 5th biggest position. Royce & Associates LP owned 2.00% of Assured Guaranty worth $88,167,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Assured Guaranty during the first quarter valued at approximately $1,305,000. Envestnet Asset Management Inc. boosted its position in shares of Assured Guaranty by 7.9% during the first quarter. Envestnet Asset Management Inc. now owns 79,865 shares of the financial services provider's stock valued at $7,036,000 after buying an additional 5,826 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Assured Guaranty by 41.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 70,622 shares of the financial services provider's stock valued at $6,222,000 after acquiring an additional 20,779 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Assured Guaranty during the first quarter valued at approximately $624,000. Finally, Cetera Investment Advisers raised its stake in shares of Assured Guaranty by 7.0% during the fourth quarter. Cetera Investment Advisers now owns 4,074 shares of the financial services provider's stock valued at $367,000 after acquiring an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company's stock.
Assured Guaranty Trading Up 1.0%
Shares of Assured Guaranty stock traded up $0.85 on Friday, hitting $84.29. 219,305 shares of the company traded hands, compared to its average volume of 309,742. The stock's 50 day moving average price is $84.77 and its 200-day moving average price is $86.78. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50. The company has a market cap of $4.14 billion, a PE ratio of 10.07 and a beta of 0.82.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 45.58% and a return on equity of 7.76%. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Equities research analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current year.
Assured Guaranty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, May 16th. Assured Guaranty's payout ratio is 16.25%.
Insider Buying and Selling at Assured Guaranty
In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of the company'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 sale, the chief accounting officer directly owned 13,462 shares of the company's stock, valued at approximately $1,181,425.12. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dominic Frederico sold 71,917 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $86.11, for a total transaction of $6,192,772.87. Following the completion of the sale, the chief executive officer directly owned 1,348,073 shares in the company, valued at approximately $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. Over the last three months, insiders sold 85,004 shares of company stock worth $7,324,274. 5.10% of the stock is owned by insiders.
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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