Intech Investment Management LLC Has $15.13 Million Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Intech Investment Management LLC lifted its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 236.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 168,141 shares of the financial services provider's stock after acquiring an additional 118,170 shares during the quarter. Intech Investment Management LLC owned about 0.33% of Assured Guaranty worth $15,134,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Assured Guaranty during the 4th quarter worth about $25,000. True Wealth Design LLC bought a new stake in Assured Guaranty during the 3rd quarter valued at approximately $38,000. Assetmark Inc. boosted its stake in Assured Guaranty by 66.6% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 197 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Assured Guaranty by 46.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 149 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake 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 valued at $62,000 after purchasing an additional 343 shares during the period. Institutional investors own 92.22% of the company's stock.

Assured Guaranty Stock Performance

NYSE:AGO traded down $1.25 during mid-day trading on Friday, hitting $85.52. 2,336,130 shares of the company's stock traded hands, compared to its average volume of 346,145. The firm has a 50 day moving average of $90.03 and a two-hundred day moving average of $87.40. Assured Guaranty Ltd. has a 12 month low of $72.57 and a 12 month high of $96.50. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 6.64 and a beta of 1.11. The company has a current ratio of 0.91, a quick 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 announced its earnings results on Thursday, February 27th. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.07). Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $199.56 million. On average, equities analysts forecast that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.

Assured Guaranty Increases Dividend

The firm also recently announced 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. This is an increase 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 1.59%. 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.