Crossmark Global Holdings Inc. reduced its stake in shares of Assured Guaranty Ltd. (NYSE:AGO – Get Rating) by 4.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,383 shares of the financial services provider's stock after selling 270 shares during the period. Crossmark Global Holdings Inc.'s holdings in Assured Guaranty were worth $406,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in AGO. CWM LLC lifted its stake in Assured Guaranty by 255.3% in the first quarter. CWM LLC now owns 405 shares of the financial services provider's stock worth $26,000 after purchasing an additional 291 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Assured Guaranty in the fourth quarter worth $32,000. Meeder Asset Management Inc. bought a new stake in Assured Guaranty in the first quarter worth $71,000. Raymond James Financial Services Advisors Inc. bought a new stake in Assured Guaranty in the first quarter worth $203,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Assured Guaranty by 34.8% in the first quarter. Capital Advisors Ltd. LLC now owns 4,141 shares of the financial services provider's stock worth $264,000 after purchasing an additional 1,070 shares during the last quarter. 92.30% of the stock is owned by institutional investors.
Get Assured Guaranty alerts:Analyst Ratings Changes
Several analysts have weighed in on AGO shares. TheStreet downgraded shares of Assured Guaranty from a "b" rating to a "c+" rating in a research note on Wednesday, July 13th. StockNews.com downgraded shares of Assured Guaranty from a "hold" rating to a "sell" rating in a research note on Friday, August 5th.
Assured Guaranty Stock Performance
Shares of NYSE:AGO opened at $51.07 on Thursday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 12.16 and a beta of 1.05. The company has a 50-day moving average price of $55.09 and a 200-day moving average price of $57.44. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Assured Guaranty Ltd. has a 12 month low of $44.94 and a 12 month high of $65.68.Assured Guaranty (NYSE:AGO – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported $0.46 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Tuesday, August 16th. Assured Guaranty's dividend payout ratio is currently 23.81%.
Insider Activity at Assured Guaranty
In related news, CEO Dominic Frederico sold 86,000 shares of the business's stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $57.21, for a total transaction of $4,920,060.00. Following the transaction, the chief executive officer now owns 1,278,541 shares in the company, valued at $73,145,330.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.51% of the stock is owned by corporate insiders.
About Assured Guaranty
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Assured Guaranty (AGO)
- Can Alibaba And Baidu Finally Rally With Delisting Fears Gone?
- Is World Wresting Entertainment Getting Ready to Be Sold?
- 3 Materials Stocks That May Earn a Place on Your Watchlist
- Crowdstrike Stock Retraces, As Earnings Sober Expectations
- Will The Institutions Buy The Dip In Ambarella Stock?
Receive News & Ratings for Assured Guaranty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty and related companies with MarketBeat.com's FREE daily email newsletter.