Amalgamated Bank Has $1.25 Million Stock Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Amalgamated Bank trimmed its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 32.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,675 shares of the financial services provider's stock after selling 7,636 shares during the quarter. Amalgamated Bank's holdings in Assured Guaranty were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new position in Assured Guaranty in the first quarter valued at about $35,000. Daiwa Securities Group Inc. bought a new position in shares of Assured Guaranty in the second quarter valued at approximately $46,000. Farther Finance Advisors LLC boosted its holdings in shares of Assured Guaranty by 183.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 596 shares of the financial services provider's stock worth $47,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. grew its position in Assured Guaranty by 155.8% during the 3rd quarter. Blue Trust Inc. now owns 637 shares of the financial services provider's stock worth $49,000 after acquiring an additional 388 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Assured Guaranty by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,054 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 377 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors.

Assured Guaranty Trading Up 2.4 %

NYSE:AGO traded up $2.11 during trading hours on Thursday, hitting $91.06. 213,390 shares of the stock were exchanged, compared to its average volume of 382,028. The company has a market capitalization of $4.79 billion, a P/E ratio of 6.98 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company's 50 day moving average is $82.61 and its two-hundred day moving average is $79.57. Assured Guaranty Ltd. has a twelve month low of $65.39 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $1.00. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $269.00 million during the quarter, compared to the consensus estimate of $202.57 million. During the same period in the previous year, the firm posted $3.42 earnings per share. Assured Guaranty's revenue for the quarter was down 33.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Assured Guaranty Ltd. will post 6.3 earnings per share for the current fiscal year.

Assured Guaranty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.24 annualized dividend and a yield of 1.36%. Assured Guaranty's dividend payout ratio is presently 9.63%.

Insider Buying and Selling at Assured Guaranty

In other news, CEO Dominic Frederico sold 31,000 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total value of $2,480,310.00. Following the completion of the transaction, the chief executive officer now owns 1,380,119 shares in the company, valued at $110,423,321.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The stock was 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yukiko Omura sold 3,599 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $79.73, for a total transaction of $286,948.27. Following the sale, the director now directly owns 19,285 shares in the company, valued at $1,537,593.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com raised Assured Guaranty from a "sell" rating to a "hold" rating in a research note on Wednesday. UBS Group upped their price target on shares of Assured Guaranty from $84.00 to $87.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th.

Assured Guaranty 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.