Verition Fund Management LLC cut its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO – Get Rating) by 76.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,902 shares of the financial services provider's stock after selling 28,832 shares during the quarter. Verition Fund Management LLC's holdings in Assured Guaranty were worth $567,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Eaton Vance Management lifted its holdings in shares of Assured Guaranty by 2.1% during the first quarter. Eaton Vance Management now owns 10,252 shares of the financial services provider's stock worth $653,000 after buying an additional 206 shares during the last quarter. CWM LLC lifted its holdings in shares of Assured Guaranty by 255.3% during the first quarter. CWM LLC now owns 405 shares of the financial services provider's stock worth $26,000 after buying an additional 291 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of Assured Guaranty by 1.2% during the first quarter. Hancock Whitney Corp now owns 26,100 shares of the financial services provider's stock worth $1,662,000 after buying an additional 314 shares during the last quarter. Brinker Capital Investments LLC lifted its holdings in shares of Assured Guaranty by 4.0% during the first quarter. Brinker Capital Investments LLC now owns 9,976 shares of the financial services provider's stock worth $635,000 after buying an additional 383 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Assured Guaranty by 1.6% during the first quarter. Treasurer of the State of North Carolina now owns 24,814 shares of the financial services provider's stock worth $1,580,000 after buying an additional 393 shares during the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.
Get Assured Guaranty alerts:Assured Guaranty Stock Performance
Shares of NYSE:AGO opened at $48.20 on Friday. The business's fifty day moving average price is $54.02 and its two-hundred day moving average price is $56.68. Assured Guaranty Ltd. has a fifty-two week low of $44.94 and a fifty-two week high of $65.68. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62.
Assured Guaranty (NYSE:AGO – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates 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 declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, August 16th. Assured Guaranty's dividend payout ratio (DPR) is 23.81%.
Analysts Set New Price Targets
AGO has been the topic of a number of research reports. TheStreet cut Assured Guaranty from a "b" rating to a "c+" rating in a research report on Wednesday, July 13th. StockNews.com cut Assured Guaranty from a "hold" rating to a "sell" rating in a research report on Friday, August 5th.
Insider Buying and Selling at Assured Guaranty
In other Assured Guaranty 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 value of $4,920,060.00. Following the transaction, the chief executive officer now owns 1,278,541 shares of the company's stock, valued at $73,145,330.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.82% of the company's stock.
Assured Guaranty 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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