JPMorgan Chase & Co. lifted its holdings in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,526 shares of the financial services provider's stock after buying an additional 14,565 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of Assured Guaranty worth $13,999,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of AGO. EverSource Wealth Advisors LLC increased its stake in shares of Assured Guaranty by 46.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock worth $42,000 after buying an additional 149 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 343 shares during the period. Heck Capital Advisors LLC acquired a new stake in Assured Guaranty during the fourth quarter worth about $97,000. Jones Financial Companies Lllp lifted its position in shares of Assured Guaranty by 1,794.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider's stock worth $135,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Assured Guaranty by 208.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,524 shares of the financial services provider's stock valued at $136,000 after acquiring an additional 1,030 shares during the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.
Assured Guaranty Stock Performance
AGO stock traded down $0.15 during trading on Tuesday, reaching $81.85. 250,124 shares of the company's stock were exchanged, compared to its average volume of 355,648. The company's fifty day moving average price is $86.93 and its 200-day moving average price is $88.00. The firm has a market cap of $4.09 billion, a PE ratio of 6.36 and a beta of 0.84. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. 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 posted its quarterly earnings data 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). The business had revenue of $199.00 million during the quarter, compared to the consensus estimate of $199.56 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. On average, research analysts expect that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.
Assured Guaranty Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, March 5th. This is an increase from Assured Guaranty's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.66%. Assured Guaranty's dividend payout ratio (DPR) 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.
Read More
Before you consider Assured Guaranty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.
While Assured Guaranty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
