Long Focus Capital Management LLC lifted its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 275,000 shares of the financial services provider's stock after purchasing an additional 10,000 shares during the quarter. Assured Guaranty makes up 0.8% of Long Focus Capital Management LLC's investment portfolio, making the stock its 23rd biggest holding. Long Focus Capital Management LLC owned about 0.54% of Assured Guaranty worth $24,753,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in AGO. Stifel Financial Corp grew its position in shares of Assured Guaranty by 32.3% during the third quarter. Stifel Financial Corp now owns 13,062 shares of the financial services provider's stock worth $1,039,000 after acquiring an additional 3,191 shares during the last quarter. Barclays PLC raised its holdings in shares of Assured Guaranty by 214.0% in the third quarter. Barclays PLC now owns 24,879 shares of the financial services provider's stock valued at $1,980,000 after buying an additional 16,956 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Assured Guaranty during the third quarter worth about $224,000. Principal Financial Group Inc. grew its holdings in shares of Assured Guaranty by 0.3% during the third quarter. Principal Financial Group Inc. now owns 926,415 shares of the financial services provider's stock worth $73,670,000 after buying an additional 2,953 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Assured Guaranty by 39.3% during the 4th quarter. GAMMA Investing LLC now owns 2,659 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company's stock.
Assured Guaranty Trading Up 3.3 %
Shares of AGO stock opened at $84.72 on Wednesday. Assured Guaranty Ltd. has a twelve month low of $72.57 and a twelve month high of $96.50. 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 business's 50 day moving average is $85.80 and its two-hundred day moving average is $88.05. The company has a market capitalization of $4.23 billion, a P/E ratio of 6.58 and a beta of 0.84.
Assured Guaranty (NYSE:AGO - Get Free Report) last released its earnings results on Thursday, February 27th. The financial services provider reported $1.27 EPS 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 analyst estimates of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. Equities analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current year.
Assured Guaranty Increases Dividend
The firm 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 is a boost from Assured Guaranty's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.36 annualized dividend and a yield of 1.61%. Assured Guaranty's dividend payout ratio is presently 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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