Assured Guaranty Ltd. (NYSE:AGO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 85.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,395 shares of the financial services provider's stock after selling 19,405 shares during the quarter. Renaissance Technologies LLC's holdings in Assured Guaranty were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes 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 valued at $1,935,000 after acquiring an additional 110 shares during the last quarter. HighTower Advisors LLC increased its holdings in Assured Guaranty by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 10,083 shares of the financial services provider's stock valued at $908,000 after buying an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Assured Guaranty by 1.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,590 shares of the financial services provider's stock valued at $1,133,000 after buying an additional 124 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Assured Guaranty by 46.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock worth $42,000 after buying an additional 149 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of 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 worth $444,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company's stock.

Assured Guaranty Stock Performance

Shares of AGO stock traded down $1.03 on Friday, hitting $87.42. 505,148 shares of the stock traded hands, compared to its average volume of 345,454. The company has a market capitalization of $4.37 billion, a PE ratio of 6.79 and a beta of 0.82. The company's fifty day moving average is $85.14 and its 200 day moving average is $88.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91. 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 posted 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. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The company had revenue of $345.00 million for the quarter, compared to the consensus estimate of $257.96 million. During the same period last year, the firm posted $1.96 EPS. On average, equities research analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.

Assured Guaranty Dividend Announcement

The business also recently declared 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 payout ratio is 16.25%.

Assured Guaranty Company 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.