State of Tennessee Treasury Department raised its holdings in Assured Guaranty Ltd. (NYSE:AGO – Get Rating) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,883 shares of the financial services provider's stock after purchasing an additional 2,764 shares during the period. State of Tennessee Treasury Department's holdings in Assured Guaranty were worth $1,648,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Assured Guaranty by 1.3% in the fourth quarter. State Street Corp now owns 2,423,785 shares of the financial services provider's stock worth $121,674,000 after acquiring an additional 30,475 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Assured Guaranty by 0.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,262,448 shares of the financial services provider's stock worth $63,375,000 after acquiring an additional 6,800 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Assured Guaranty by 996.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,115,076 shares of the financial services provider's stock worth $55,977,000 after acquiring an additional 1,013,371 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Assured Guaranty by 2.1% in the fourth quarter. Northern Trust Corp now owns 503,116 shares of the financial services provider's stock worth $25,255,000 after acquiring an additional 10,564 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Assured Guaranty by 1.1% in the fourth quarter. Invesco Ltd. now owns 438,488 shares of the financial services provider's stock worth $22,011,000 after acquiring an additional 4,641 shares during the last quarter. 95.41% of the stock is owned by institutional investors and hedge funds.
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Insider Buying and Selling
In related news, CEO Dominic Frederico sold 86,000 shares of the business's stock in a transaction on Monday, June 27th. The stock was sold at an average price of $57.21, for a total transaction of $4,920,060.00. Following the completion of the transaction, the chief executive officer now directly owns 1,278,541 shares of the company's stock, valued at approximately $73,145,330.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.82% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
AGO has been the topic of a number of research analyst reports. StockNews.com lowered Assured Guaranty from a "hold" rating to a "sell" rating in a research note on Friday, August 5th. TheStreet lowered Assured Guaranty from a "b" rating to a "c+" rating in a research note on Wednesday, July 13th.
Assured Guaranty Price Performance
AGO stock opened at $52.09 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.23 billion, a PE ratio of 12.40 and a beta of 1.05. Assured Guaranty Ltd. has a 12-month low of $44.94 and a 12-month high of $65.68. The business's fifty day moving average price is $55.22 and its 200 day moving average price is $57.53.
Assured Guaranty (NYSE:AGO – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.31). Assured Guaranty had a net margin of 34.57% and a return on equity of 7.00%.
Assured Guaranty Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.00 annualized dividend and a yield of 1.92%. Assured Guaranty's payout ratio is 23.81%.
Assured Guaranty Company Profile
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Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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