Royce & Associates LP raised its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 990,193 shares of the financial services provider's stock after acquiring an additional 9,062 shares during the period. Assured Guaranty makes up about 0.8% of Royce & Associates LP's portfolio, making the stock its 8th biggest position. Royce & Associates LP owned about 1.95% of Assured Guaranty worth $89,127,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in AGO. Natixis Advisors LLC lifted its position in Assured Guaranty by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 23,106 shares of the financial services provider's stock valued at $2,080,000 after purchasing an additional 462 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Assured Guaranty during the 4th quarter valued at about $2,367,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Assured Guaranty by 46.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after buying an additional 149 shares during the period. HighTower Advisors LLC grew its holdings in Assured Guaranty by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 10,083 shares of the financial services provider's stock worth $908,000 after acquiring an additional 113 shares during the period. Finally, River Road Asset Management LLC grew its holdings in Assured Guaranty by 67.4% during the fourth quarter. River Road Asset Management LLC now owns 1,116,131 shares of the financial services provider's stock worth $100,463,000 after acquiring an additional 449,310 shares during the period. 92.22% of the stock is owned by hedge funds and other institutional investors.
Assured Guaranty Stock Performance
NYSE:AGO traded up $0.02 during trading hours on Thursday, reaching $86.75. The company had a trading volume of 325,401 shares, compared to its average volume of 339,276. The firm has a market cap of $4.35 billion, a PE ratio of 6.74 and a beta of 1.11. Assured Guaranty Ltd. has a 1-year low of $72.57 and a 1-year high of $96.50. The business's 50 day moving average price is $90.08 and its 200-day moving average price is $87.37. 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 announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.07). Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. The firm had revenue of $199.00 million for the quarter, compared to analysts' expectations of $199.56 million. Research analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current 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 paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 5th. This is a positive change from Assured Guaranty's previous quarterly dividend of $0.31. Assured Guaranty's payout ratio is currently 19.94%.
Assured Guaranty Company 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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