Hsbc Holdings PLC Sells 24,069 Shares of Assured Guaranty Ltd. (NYSE:AGO)

Hsbc Holdings PLC cut its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 77.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,083 shares of the financial services provider's stock after selling 24,069 shares during the quarter. Hsbc Holdings PLC's holdings in Assured Guaranty were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGO. Barclays PLC boosted its holdings in Assured Guaranty by 214.0% in the 3rd quarter. Barclays PLC now owns 24,879 shares of the financial services provider's stock worth $1,980,000 after buying an additional 16,956 shares during the period. Virtu Financial LLC purchased a new stake in shares of Assured Guaranty during the third quarter worth $224,000. Principal Financial Group Inc. boosted its holdings in shares of Assured Guaranty by 0.3% in the third quarter. Principal Financial Group Inc. now owns 926,415 shares of the financial services provider's stock worth $73,670,000 after acquiring an additional 2,953 shares during the period. GAMMA Investing LLC grew its position in shares of Assured Guaranty by 39.3% in the fourth quarter. GAMMA Investing LLC now owns 2,659 shares of the financial services provider's stock valued at $239,000 after purchasing an additional 750 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Assured Guaranty by 4.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,704 shares of the financial services provider's stock valued at $873,000 after purchasing an additional 401 shares during the period. Institutional investors own 92.22% of the company's stock.

Assured Guaranty Stock Down 0.5 %

Shares of NYSE AGO opened at $89.70 on Tuesday. The business has a 50-day simple moving average of $85.22 and a two-hundred day simple moving average of $88.32. 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 $4.48 billion, a P/E ratio of 6.97 and a beta of 0.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29.

Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.07). Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The firm had revenue of $199.00 million for the quarter, compared to analysts' expectations of $199.56 million. Research analysts anticipate 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. Stockholders 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 dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, May 16th. Assured Guaranty's payout ratio is 19.94%.

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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