Renaissance Technologies LLC Cuts Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Renaissance Technologies LLC trimmed its position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 85.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Assured Guaranty during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Assured Guaranty by 46.3% during the fourth 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 last quarter. Venturi Wealth Management LLC grew its position in Assured Guaranty by 100.6% in the 4th 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 during the last quarter. Heck Capital Advisors LLC purchased a new stake in Assured Guaranty in the 4th quarter valued at about $97,000. Finally, Jones Financial Companies Lllp grew its position in shares of Assured Guaranty by 1,794.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock worth $135,000 after buying an additional 1,418 shares in the last quarter. Institutional investors own 92.22% of the company's stock.

Assured Guaranty Trading Down 0.5 %

NYSE:AGO opened at $89.70 on Tuesday. Assured Guaranty Ltd. has a one year low of $72.57 and a one year high of $96.50. The firm has a 50-day simple moving average of $85.22 and a 200-day simple moving average of $88.32. The firm 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 debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91.

Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.07). The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $199.56 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. Equities analysts anticipate that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.

Assured Guaranty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, May 16th. This represents a $1.36 annualized dividend and a dividend yield of 1.52%. Assured Guaranty's dividend payout ratio (DPR) is presently 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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