Arrowstreet Capital Limited Partnership cut its stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 274,397 shares of the financial services provider's stock after selling 219,769 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.54% of Assured Guaranty worth $24,698,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of AGO. Proficio Capital Partners LLC bought a new stake in shares of Assured Guaranty in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in Assured Guaranty by 46.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock worth $42,000 after purchasing an additional 149 shares during the period. Venturi Wealth Management LLC raised 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 worth $62,000 after purchasing an additional 343 shares during the period. Heck Capital Advisors LLC bought a new stake in Assured Guaranty in the fourth quarter worth about $97,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Assured Guaranty by 1,794.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock valued at $135,000 after buying an additional 1,418 shares during the period. 92.22% of the stock is owned by hedge funds and other institutional investors.
Assured Guaranty Trading Down 4.4 %
Shares of NYSE AGO opened at $83.86 on Friday. Assured Guaranty Ltd. has a fifty-two week low of $72.57 and a fifty-two week 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 company has a market cap of $4.19 billion, a price-to-earnings ratio of 6.52 and a beta of 1.11. The business's 50 day moving average price is $89.43 and its 200-day moving average price is $87.99.
Assured Guaranty (NYSE:AGO - Get Free Report) last released its earnings results 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 business had revenue of $199.00 million during the quarter, compared to analysts' expectations 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 expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.62%. This is a boost from Assured Guaranty's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 5th. Assured Guaranty's payout ratio is 19.94%.
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.
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