Sei Investments Co. reduced its position in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,923 shares of the financial services provider's stock after selling 21,809 shares during the period. Sei Investments Co.'s holdings in Assured Guaranty were worth $983,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in shares of Assured Guaranty by 0.5% during the fourth quarter. M&T Bank Corp now owns 21,508 shares of the financial services provider's stock worth $1,935,000 after buying an additional 110 shares during the last quarter. HighTower Advisors LLC increased its position in Assured Guaranty by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 10,083 shares of the financial services provider's stock worth $908,000 after acquiring an additional 113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Assured Guaranty by 1.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,590 shares of the financial services provider's stock valued at $1,133,000 after purchasing an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Assured Guaranty by 46.3% in 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, XTX Topco Ltd grew its position in Assured Guaranty by 1.6% in the 3rd quarter. XTX Topco Ltd now owns 11,454 shares of the financial services provider's stock worth $911,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 92.22% of the company's stock.
Assured Guaranty Stock Performance
Shares of NYSE AGO traded up $0.62 during mid-day trading on Friday, hitting $80.61. The company had a trading volume of 336,706 shares, compared to its average volume of 356,811. Assured Guaranty Ltd. has a 12 month low of $72.57 and a 12 month high of $96.50. The firm has a market cap of $4.03 billion, a P/E ratio of 6.26 and a beta of 0.84. The business's 50-day simple moving average is $87.16 and its 200-day simple moving average is $87.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91.
Assured Guaranty (NYSE:AGO - Get Free Report) last announced 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 firm had revenue of $199.00 million during the quarter, compared to the consensus estimate of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. As a group, analysts predict 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. Shareholders of record on Wednesday, March 5th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Assured Guaranty's previous quarterly dividend of $0.31. Assured Guaranty's payout ratio is 19.94%.
Assured Guaranty Company Profile
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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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