Gotham Asset Management LLC Sells 10,140 Shares of Assured Guaranty Ltd. (NYSE:AGO)

Gotham Asset Management LLC decreased its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,403 shares of the financial services provider's stock after selling 10,140 shares during the period. Gotham Asset Management LLC owned 0.36% of Assured Guaranty worth $16,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in shares of Assured Guaranty by 46.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after buying an additional 149 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Assured Guaranty by 100.6% during the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 343 shares in the last quarter. Covestor Ltd raised its position in shares of 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 purchasing an additional 424 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Assured Guaranty during the fourth quarter worth approximately $97,000. Finally, Jones Financial Companies Lllp grew its position in Assured Guaranty by 1,794.9% in the 4th 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.

Assured Guaranty Stock Performance

Shares of AGO opened at $87.42 on Friday. 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 0.29, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $85.14 and a two-hundred day moving average price of $88.39. The firm has a market capitalization of $4.37 billion, a P/E ratio of 6.79 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.03. The business 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 70.37% and a return on equity of 11.58%. During the same period in the prior year, the firm posted $1.96 EPS. Equities analysts forecast 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 will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 16th. Assured Guaranty's dividend payout ratio (DPR) is presently 16.25%.

Assured Guaranty Profile

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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