Teacher Retirement System of Texas purchased a new position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,085 shares of the financial services provider's stock, valued at approximately $624,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new position in shares of Assured Guaranty in the 1st quarter worth $1,305,000. Robeco Institutional Asset Management B.V. raised its position in Assured Guaranty by 41.7% in the 1st 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 buying an additional 20,779 shares during the last quarter. Cetera Investment Advisers raised its position in Assured Guaranty by 7.0% in the 4th quarter. Cetera Investment Advisers now owns 4,074 shares of the financial services provider's stock valued at $367,000 after buying an additional 266 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Assured Guaranty by 9.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 74,039 shares of the financial services provider's stock valued at $6,664,000 after buying an additional 6,581 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Assured Guaranty by 236.5% during the 4th quarter. Intech Investment Management LLC now owns 168,141 shares of the financial services provider's stock valued at $15,134,000 after purchasing an additional 118,170 shares during the last quarter. 92.22% of the stock is currently owned by institutional investors.
Insider Transactions at Assured Guaranty
In related news, CAO Laura Bieling sold 2,649 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 $1,181,425.12. The trade was a 16.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dominic Frederico sold 10,438 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $86.13, for a total value of $899,024.94. Following the completion of the sale, the chief executive officer owned 1,337,635 shares of the company's stock, valued at $115,210,502.55. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,004 shares of company stock valued at $7,324,274. Corporate insiders own 5.10% of the company's stock.
Assured Guaranty Stock Performance
AGO traded up $0.18 during trading hours on Friday, hitting $83.49. The stock had a trading volume of 208,821 shares, compared to its average volume of 331,892. The company's fifty day simple moving average is $85.07 and its 200 day simple moving average is $87.00. Assured Guaranty Ltd. has a 1 year low of $72.57 and a 1 year high of $96.50. The stock has a market cap of $4.10 billion, a PE ratio of 9.97 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.30.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.15 by $0.03. Assured Guaranty had a return on equity of 7.76% and a net margin of 45.58%. The business had revenue of $345.00 million during the quarter, compared to the consensus estimate of $257.96 million. During the same quarter last year, the company earned $1.96 EPS. Equities analysts anticipate that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.63%. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.
Assured Guaranty Profile
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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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