Thrivent Financial for Lutherans lessened its position in Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,947 shares of the financial services provider's stock after selling 9,113 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Assured Guaranty worth $4,946,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. M&T Bank Corp raised its stake in Assured Guaranty by 0.5% during the 4th 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 period. HighTower Advisors LLC grew its position in shares of Assured Guaranty by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 10,083 shares of the financial services provider's stock valued at $908,000 after purchasing an additional 113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $1,133,000 after purchasing an additional 124 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Assured Guaranty by 1.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,426 shares of the financial services provider's stock worth $909,000 after buying an additional 144 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Assured Guaranty by 46.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider's stock valued at $42,000 after buying an additional 149 shares during the period. 92.22% of the stock is currently owned by institutional investors and hedge funds.
Assured Guaranty Stock Up 0.5 %
AGO traded up $0.42 during trading on Thursday, hitting $88.72. The company had a trading volume of 291,937 shares, compared to its average volume of 342,300. The company has a market capitalization of $4.43 billion, a PE ratio of 6.89 and a beta of 1.11. 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 one year low of $72.57 and a one year high of $96.50. The firm's 50-day moving average price is $89.93 and its 200 day moving average price is $87.65.
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 firm had revenue of $199.00 million for the quarter, compared to analyst estimates of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. As a group, equities analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.
Assured Guaranty Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.34 dividend. 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 1.53%. Assured Guaranty's dividend payout ratio (DPR) is 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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