California Public Employees Retirement System grew its holdings in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 75.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 198,024 shares of the financial services provider's stock after acquiring an additional 85,006 shares during the quarter. California Public Employees Retirement System owned about 0.39% of Assured Guaranty worth $17,824,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in AGO. Proficio Capital Partners LLC acquired a new position in Assured Guaranty in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted 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 in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Assured Guaranty by 100.6% in the 4th quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock valued at $62,000 after buying an additional 343 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Assured Guaranty in the 4th quarter valued at $97,000. Finally, Jones Financial Companies Lllp raised its stake in Assured Guaranty by 1,794.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock worth $135,000 after acquiring an additional 1,418 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company's stock.
Assured Guaranty Stock Performance
NYSE AGO traded up $5.38 during trading hours on Wednesday, hitting $82.69. The company had a trading volume of 553,098 shares, compared to its average volume of 358,472. The business has a 50 day moving average of $87.65 and a 200-day moving average of $87.92. The company has a market cap of $4.13 billion, a PE ratio of 6.43 and a beta of 0.84. Assured Guaranty Ltd. has a 1-year low of $72.57 and a 1-year 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.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $199.00 million during the quarter, compared to analysts' expectations of $199.56 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. As a group, equities research analysts expect 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 dividend of $0.34 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.64%. This is a boost from Assured Guaranty's previous quarterly dividend of $0.31. Assured Guaranty's dividend payout ratio is currently 19.94%.
Assured Guaranty Company Profile
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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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