Assured Guaranty Ltd. (NYSE:AGO) insider Stephen Donnarumma sold 4,713 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $41.83, for a total transaction of $197,144.79. Following the completion of the transaction, the insider now owns 83,322 shares of the company’s stock, valued at approximately $3,485,359.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
NYSE AGO opened at $39.27 on Friday. Assured Guaranty Ltd. has a 52 week low of $32.97 and a 52 week high of $43.40. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 9.50 and a beta of 1.25.
Assured Guaranty (NYSE:AGO) last posted its earnings results on Thursday, November 8th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $0.72 by $0.75. Assured Guaranty had a net margin of 45.37% and a return on equity of 7.17%. The firm had revenue of $274.00 million during the quarter, compared to analysts’ expectations of $240.16 million. During the same quarter in the prior year, the firm earned $1.29 EPS. Assured Guaranty’s quarterly revenue was down 56.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, November 20th.
Separately, ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Assured Guaranty by 12.4% in the 2nd quarter. BlackRock Inc. now owns 6,867,562 shares of the financial services provider’s stock worth $245,377,000 after acquiring an additional 757,761 shares during the period. Putnam Investments LLC lifted its stake in shares of Assured Guaranty by 1.6% in the 3rd quarter. Putnam Investments LLC now owns 6,680,390 shares of the financial services provider’s stock worth $282,113,000 after acquiring an additional 102,135 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Assured Guaranty by 0.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,538,747 shares of the financial services provider’s stock worth $149,441,000 after acquiring an additional 12,027 shares during the period. Man Group plc lifted its stake in shares of Assured Guaranty by 8.6% in the 3rd quarter. Man Group plc now owns 2,121,820 shares of the financial services provider’s stock worth $89,605,000 after acquiring an additional 167,284 shares during the period. Finally, Boston Partners lifted its stake in shares of Assured Guaranty by 36.5% in the 2nd quarter. Boston Partners now owns 1,856,469 shares of the financial services provider’s stock worth $66,332,000 after acquiring an additional 496,860 shares during the period. 96.22% of the stock is owned by institutional investors.
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About Assured Guaranty
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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