Aigen Investment Management LP boosted its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 33.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,873 shares of the financial services provider’s stock after acquiring an additional 6,980 shares during the quarter. Aigen Investment Management LP’s holdings in Assured Guaranty were worth $719,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. CSat Investment Advisory L.P. raised its stake in shares of Assured Guaranty by 1.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 11,728 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Assured Guaranty by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,691 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 368 shares during the period. Huntington National Bank acquired a new stake in Assured Guaranty in the 4th quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new stake in Assured Guaranty in the fourth quarter valued at approximately $7,224,000. Finally, Daiwa Securities Group Inc. lifted its stake in Assured Guaranty by 12.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,344 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 97.88% of the company’s stock.
A number of brokerages have recently weighed in on AGO. ValuEngine cut Assured Guaranty from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. TheStreet lowered shares of Assured Guaranty from a “b-” rating to a “c+” rating in a research note on Monday, February 10th.
Shares of AGO stock opened at $26.29 on Friday. The firm has a 50 day moving average of $27.87 and a two-hundred day moving average of $40.51. The stock has a market capitalization of $2.29 billion, a PE ratio of 9.00 and a beta of 1.33. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.19. Assured Guaranty Ltd. has a 52 week low of $13.64 and a 52 week high of $50.77.
Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.40). The company had revenue of $190.00 million during the quarter, compared to analyst estimates of $231.56 million. Assured Guaranty had a net margin of 33.91% and a return on equity of 5.14%. The firm’s revenue was down 18.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.80 annualized dividend and a yield of 3.04%.
In other news, Director Thomas W. Jones acquired 2,000 shares of the company’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of $26.54 per share, with a total value of $53,080.00. Following the transaction, the director now owns 22,877 shares in the company, valued at approximately $607,155.58. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas W. Jones acquired 3,000 shares of Assured Guaranty stock in a transaction dated Monday, March 30th. The stock was purchased at an average price of $28.30 per share, for a total transaction of $84,900.00. Following the completion of the acquisition, the director now directly owns 22,877 shares in the company, valued at approximately $647,419.10. The disclosure for this purchase can be found here. Insiders acquired a total of 90,721 shares of company stock worth $2,360,870 in the last ninety days. 3.75% of the stock is owned by corporate insiders.
Assured Guaranty Profile
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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