Corient Private Wealth LLC Sells 3,839 Shares of Assured Guaranty Ltd. (NYSE:AGO)

Corient Private Wealth LLC decreased its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,635 shares of the financial services provider's stock after selling 3,839 shares during the quarter. Corient Private Wealth LLC's holdings in Assured Guaranty were worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AGO. Proficio Capital Partners LLC acquired a new stake in Assured Guaranty during the fourth quarter worth about $25,000. True Wealth Design LLC bought a new position in Assured Guaranty during the 3rd quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its stake in Assured Guaranty by 46.3% in the fourth 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 position in Assured Guaranty by 100.6% during the 4th quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider's stock worth $62,000 after acquiring an additional 343 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Assured Guaranty in the fourth quarter valued at approximately $97,000. Institutional investors own 92.22% of the company's stock.

Assured Guaranty Stock Performance

Shares of Assured Guaranty stock traded down $1.49 during trading on Friday, reaching $87.33. The company's stock had a trading volume of 247,402 shares, compared to its average volume of 357,745. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50. The business's 50-day moving average price is $89.84 and its 200-day moving average price is $87.81. The firm has a market cap of $4.36 billion, a PE ratio of 6.79 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29.

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Assured Guaranty (NYSE:AGO - Get Free Report) last issued 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 business had revenue of $199.00 million for 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 earnings per share for the current year.

Assured Guaranty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.56%. 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 dividend payout ratio is presently 19.94%.

About Assured Guaranty

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.