Free Trial

Algert Global LLC Trims Stake in Assured Guaranty Ltd. (NYSE:AGO)

Assured Guaranty logo with Finance background

Algert Global LLC cut its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 50.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,943 shares of the financial services provider's stock after selling 10,970 shares during the period. Algert Global LLC's holdings in Assured Guaranty were worth $870,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. TCW Group Inc. bought a new position in Assured Guaranty in the 2nd quarter valued at about $1,389,000. Millennium Management LLC lifted its position in Assured Guaranty by 293.6% in the 2nd quarter. Millennium Management LLC now owns 126,673 shares of the financial services provider's stock valued at $9,773,000 after acquiring an additional 94,486 shares in the last quarter. SG Americas Securities LLC lifted its position in Assured Guaranty by 63.1% in the 2nd quarter. SG Americas Securities LLC now owns 52,674 shares of the financial services provider's stock valued at $4,064,000 after acquiring an additional 20,380 shares in the last quarter. XTX Topco Ltd bought a new position in Assured Guaranty in the 2nd quarter valued at about $870,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Assured Guaranty in the 2nd quarter valued at about $1,088,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.

Assured Guaranty Stock Performance

Shares of NYSE:AGO traded down $0.13 during mid-day trading on Friday, reaching $93.28. The company had a trading volume of 124,634 shares, compared to its average volume of 378,091. 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 $4.75 billion, a price-to-earnings ratio of 7.25 and a beta of 1.10. The company's 50-day moving average price is $85.86 and its 200-day moving average price is $80.73. Assured Guaranty Ltd. has a one year low of $67.25 and a one year high of $96.60.

Assured Guaranty (NYSE:AGO - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $1.00. The company had revenue of $269.00 million for the quarter, compared to analysts' expectations of $202.57 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. Assured Guaranty's revenue was down 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.42 EPS. As a group, equities research analysts anticipate 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, December 6th. Investors of record on Friday, November 22nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.33%. Assured Guaranty's dividend payout ratio (DPR) is presently 9.63%.

Analysts Set New Price Targets

AGO has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Assured Guaranty from $87.00 to $95.00 and gave the stock a "neutral" rating in a research report on Monday, November 18th. StockNews.com raised shares of Assured Guaranty from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Assured Guaranty from $92.00 to $105.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th.

View Our Latest Stock Analysis on AGO

Insider Activity at Assured Guaranty

In other news, Director Yukiko Omura sold 3,599 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $79.73, for a total transaction of $286,948.27. Following the completion of the transaction, the director now directly owns 19,285 shares in the company, valued at $1,537,593.05. The trade was a 15.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dominic Frederico sold 31,000 shares of the business's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the transaction, the chief executive officer now owns 1,380,119 shares of the company's stock, valued at $110,423,321.19. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

Assured Guaranty Profile

(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.

Read More

Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

Should you invest $1,000 in Assured Guaranty right now?

Before you consider Assured Guaranty, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.

While Assured Guaranty currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines