ExodusPoint Capital Management LP Sells 42,977 Shares of Assured Guaranty Ltd. (NYSE:AGO)

ExodusPoint Capital Management LP decreased its position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,545 shares of the financial services provider's stock after selling 42,977 shares during the period. ExodusPoint Capital Management LP's holdings in Assured Guaranty were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new stake in shares of Assured Guaranty in the fourth quarter valued at $25,000. 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 worth $42,000 after purchasing an additional 149 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Assured Guaranty by 100.6% during the fourth 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 during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Assured Guaranty in the fourth quarter worth approximately $97,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 92.22% of the company's stock.

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Assured Guaranty Trading Up 0.4 %

AGO stock traded up $0.31 during midday trading on Tuesday, reaching $82.31. The company's stock had a trading volume of 140,300 shares, compared to its average volume of 355,251. The stock has a fifty day simple moving average of $86.93 and a two-hundred day simple moving average of $88.00. 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 firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 6.40 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.

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). 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%. On average, equities research analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Assured Guaranty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 annualized dividend and a dividend yield of 1.65%. This is a positive change from Assured Guaranty's previous quarterly dividend of $0.31. Assured Guaranty's dividend payout ratio (DPR) is currently 19.94%.

Assured Guaranty Company Profile

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.