Hsbc Holdings PLC trimmed its position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 77.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its stake in Assured Guaranty by 0.5% during the 4th quarter. M&T Bank Corp now owns 21,508 shares of the financial services provider's stock worth $1,935,000 after purchasing an additional 110 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Assured Guaranty by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 10,083 shares of the financial services provider's stock valued at $908,000 after acquiring an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Assured Guaranty by 1.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,590 shares of the financial services provider's stock valued at $1,133,000 after acquiring an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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. Finally, Oppenheimer Asset Management Inc. raised its holdings in Assured Guaranty by 6.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,929 shares of the financial services provider's stock valued at $444,000 after buying an additional 282 shares during the period. 92.22% of the stock is owned by hedge funds and other institutional investors.
Assured Guaranty Trading Down 1.2%
AGO traded down $1.03 on Friday, hitting $87.42. The company had a trading volume of 505,148 shares, compared to its average volume of 345,454. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.37 billion, a P/E ratio of 6.79 and a beta of 0.82. The company's fifty day moving average price is $85.14 and its 200 day moving average price is $88.42. Assured Guaranty Ltd. has a 1 year low of $72.57 and a 1 year high of $96.50.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $345.00 million for the quarter, compared to analyst estimates 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 earned $1.96 earnings per share. As a group, equities analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 16th. Assured Guaranty's dividend payout ratio is presently 16.25%.
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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