Raymond James & Associates grew its stake in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 22.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,836 shares of the financial services provider's stock after purchasing an additional 30,283 shares during the period. Raymond James & Associates owned approximately 0.30% of Assured Guaranty worth $12,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in AGO. Creative Planning grew its position in Assured Guaranty by 1.2% in the third quarter. Creative Planning now owns 11,140 shares of the financial services provider's stock worth $886,000 after acquiring an additional 135 shares during the period. GAMMA Investing LLC grew its position in Assured Guaranty by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,164 shares of the financial services provider's stock worth $90,000 after acquiring an additional 147 shares during the period. Sage Rhino Capital LLC grew its position in Assured Guaranty by 5.7% in the second quarter. Sage Rhino Capital LLC now owns 2,917 shares of the financial services provider's stock worth $225,000 after acquiring an additional 157 shares during the period. Commonwealth Equity Services LLC grew its position in Assured Guaranty by 2.7% in the second quarter. Commonwealth Equity Services LLC now owns 6,042 shares of the financial services provider's stock worth $466,000 after acquiring an additional 161 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Assured Guaranty by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,310 shares of the financial services provider's stock worth $2,732,000 after acquiring an additional 302 shares during the period. 92.22% of the stock is currently owned by hedge funds and other institutional investors.
Assured Guaranty Stock Up 2.1 %
Shares of NYSE AGO traded up $1.72 during mid-day trading on Monday, hitting $84.76. The company had a trading volume of 213,385 shares, compared to its average volume of 385,852. The company has a market capitalization of $4.61 billion, a PE ratio of 6.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.96 and a quick ratio of 0.96. Assured Guaranty Ltd. has a 1-year low of $60.82 and a 1-year high of $96.60. The business's 50-day simple moving average is $80.65 and its 200 day simple moving average is $78.87.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.05. Assured Guaranty had a return on equity of 13.19% and a net margin of 61.17%. The business had revenue of $202.00 million for the quarter, compared to analysts' expectations of $193.05 million. During the same period last year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was down 43.9% compared to the same quarter last year. On average, analysts predict that Assured Guaranty Ltd. will post 6.3 earnings per share for the current year.
Assured Guaranty Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Wednesday, August 21st. Assured Guaranty's payout ratio is 9.58%.
Insiders Place Their Bets
In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the transaction, the chief executive officer now owns 1,380,119 shares of the company's stock, valued at approximately $110,423,321.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the transaction, the chief executive officer now owns 1,380,119 shares of the company's stock, valued at approximately $110,423,321.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yukiko Omura sold 3,599 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $79.73, for a total value of $286,948.27. Following the transaction, the director now directly owns 19,285 shares in the company, valued at approximately $1,537,593.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.
Analyst Ratings Changes
AGO has been the topic of a number of research reports. Roth Mkm restated a "buy" rating and set a $110.00 price target on shares of Assured Guaranty in a research note on Tuesday, July 9th. StockNews.com cut Assured Guaranty from a "hold" rating to a "sell" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods upgraded Assured Guaranty from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $87.00 to $92.00 in a research note on Tuesday, July 9th. Finally, UBS Group upped their price target on Assured Guaranty from $84.00 to $87.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th.
Read Our Latest Stock Analysis on AGO
About Assured Guaranty
(
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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