State of Tennessee Department of Treasury Trims Holdings in Assured Guaranty Ltd. (NYSE:AGO)

State of Tennessee Department of Treasury lessened its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,410 shares of the financial services provider's stock after selling 6,005 shares during the period. State of Tennessee Department of Treasury's holdings in Assured Guaranty were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Assured Guaranty during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Assured Guaranty by 46.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 149 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Assured Guaranty by 100.6% in the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 343 shares in the last quarter. Covestor Ltd increased its stake in Assured Guaranty by 108.2% during the 4th quarter. Covestor Ltd now owns 816 shares of the financial services provider's stock worth $73,000 after buying an additional 424 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Assured Guaranty in the 4th quarter valued at approximately $97,000. Hedge funds and other institutional investors own 92.22% of the company's stock.

Assured Guaranty Stock Up 0.6 %

Shares of AGO stock traded up $0.55 during trading hours on Tuesday, reaching $90.19. 9,224 shares of the stock were exchanged, compared to its average volume of 345,446. The business's fifty day moving average is $85.22 and its two-hundred day moving average is $88.32. The firm has a market capitalization of $4.50 billion, a P/E ratio of 6.99 and a beta of 0.82. Assured Guaranty Ltd. has a 12-month low of $72.57 and a 12-month high of $96.50. 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 (NYSE:AGO - Get Free Report) last issued its earnings results on Thursday, February 27th. The financial services provider reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.07). The firm had revenue of $199.00 million for the quarter, compared to analyst estimates of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. As a group, research analysts expect that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.

Assured Guaranty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.34 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.51%. Assured Guaranty's dividend payout ratio is currently 19.94%.

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.