Arrowstreet Capital Limited Partnership Has $24.70 Million Stock Position in Assured Guaranty Ltd. (NYSE:AGO)

Arrowstreet Capital Limited Partnership lowered its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 44.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,397 shares of the financial services provider's stock after selling 219,769 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.54% of Assured Guaranty worth $24,698,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AGO. New Age Alpha Advisors LLC acquired a new stake in Assured Guaranty during the fourth quarter worth $150,000. Norges Bank acquired a new stake in shares of Assured Guaranty during the 4th quarter valued at about $50,447,000. JPMorgan Chase & Co. boosted its position in shares of Assured Guaranty by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 155,526 shares of the financial services provider's stock valued at $13,999,000 after acquiring an additional 14,565 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Assured Guaranty in the fourth quarter valued at about $5,799,000. Finally, LPL Financial LLC lifted its stake in Assured Guaranty by 0.8% during the fourth quarter. LPL Financial LLC now owns 36,455 shares of the financial services provider's stock worth $3,281,000 after purchasing an additional 297 shares during the period. Institutional investors and hedge funds own 92.22% of the company's stock.

Assured Guaranty Price Performance

Shares of AGO stock traded up $0.85 during trading hours on Tuesday, hitting $77.41. The company had a trading volume of 453,350 shares, compared to its average volume of 358,303. 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 quick ratio of 0.91 and a current ratio of 0.91. The firm's fifty day moving average is $88.14 and its 200 day moving average is $87.94. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 6.01 and a beta of 0.84.

Assured Guaranty (NYSE:AGO - Get Free Report) last posted its earnings results on Thursday, February 27th. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.07). The firm had revenue of $199.00 million during the quarter, compared to the consensus estimate of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. On average, sell-side analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.

Assured Guaranty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Assured Guaranty's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 1.76%. Assured Guaranty's dividend payout ratio is 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.