Russell Investments Group Ltd. lessened its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,446 shares of the financial services provider's stock after selling 8,750 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of Assured Guaranty worth $10,751,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGO. River Road Asset Management LLC lifted its position in Assured Guaranty by 67.4% during the fourth quarter. River Road Asset Management LLC now owns 1,116,131 shares of the financial services provider's stock worth $100,463,000 after buying an additional 449,310 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of Assured Guaranty by 2.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,005,784 shares of the financial services provider's stock worth $90,531,000 after acquiring an additional 28,026 shares during the period. Royce & Associates LP boosted its position in shares of Assured Guaranty by 0.9% during the 4th quarter. Royce & Associates LP now owns 990,193 shares of the financial services provider's stock valued at $89,127,000 after acquiring an additional 9,062 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Assured Guaranty by 0.3% in the third quarter. Principal Financial Group Inc. now owns 926,415 shares of the financial services provider's stock valued at $73,670,000 after purchasing an additional 2,953 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Assured Guaranty by 12.0% in the fourth quarter. American Century Companies Inc. now owns 903,270 shares of the financial services provider's stock valued at $81,303,000 after purchasing an additional 97,091 shares during the period. Institutional investors and hedge funds own 92.22% of the company's stock.
Assured Guaranty Trading Down 0.2 %
NYSE:AGO traded down $0.15 on Tuesday, hitting $81.85. The stock had a trading volume of 250,124 shares, compared to its average volume of 355,648. The company has a fifty day moving average price of $86.93 and a two-hundred day moving average price of $88.00. The stock has a market cap of $4.09 billion, a price-to-earnings 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 released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.07). The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $199.56 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. Equities research analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current fiscal year.
Assured Guaranty Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost 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 is currently 19.94%.
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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