Assured Guaranty Ltd. (NYSE:AGO) insider Howard Albert sold 13,361 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $37.70, for a total transaction of $503,709.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Assured Guaranty opened at $37.38 on Friday, MarketBeat reports. Assured Guaranty Ltd. has a 12-month low of $32.97 and a 12-month high of $45.73. The firm has a market cap of $4.20 billion, a P/E ratio of 8.22 and a beta of 1.28. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19.
Assured Guaranty (NYSE:AGO) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.66. Assured Guaranty had a net margin of 40.53% and a return on equity of 7.97%. The firm had revenue of $293.00 million for the quarter, compared to the consensus estimate of $233.87 million. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm’s quarterly revenue was down 44.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, May 15th.
AGO has been the topic of a number of research reports. BTIG Research reissued a “buy” rating and issued a $51.00 target price on shares of Assured Guaranty in a research note on Wednesday, April 25th. ValuEngine downgraded shares of Assured Guaranty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.33.
A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Assured Guaranty by 12,329.9% during the 1st quarter. Principal Financial Group Inc. now owns 2,151,733 shares of the financial services provider’s stock worth $77,893,000 after buying an additional 2,134,422 shares during the period. Xact Kapitalforvaltning AB increased its stake in Assured Guaranty by 31.0% during the 1st quarter. Xact Kapitalforvaltning AB now owns 15,204 shares of the financial services provider’s stock worth $550,000 after buying an additional 3,600 shares during the period. Highbridge Capital Management LLC purchased a new stake in Assured Guaranty during the 1st quarter worth $341,000. Millennium Management LLC grew its holdings in Assured Guaranty by 7,051.0% during the 1st quarter. Millennium Management LLC now owns 907,823 shares of the financial services provider’s stock worth $32,863,000 after acquiring an additional 895,128 shares in the last quarter. Finally, Venor Capital Management LP acquired a new position in Assured Guaranty during the 1st quarter worth $16,344,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Assured Guaranty Company 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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