Assured Guaranty Ltd. (NYSE:AGO) insider Stephen Donnarumma sold 4,713 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $41.83, for a total value of $197,144.79. Following the completion of the transaction, the insider now owns 83,322 shares of the company’s stock, valued at $3,485,359.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of AGO traded down $0.41 during mid-day trading on Friday, hitting $39.77. 9,984 shares of the stock were exchanged, compared to its average volume of 600,502. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 9.44 and a beta of 1.25. Assured Guaranty Ltd. has a 52-week low of $32.97 and a 52-week high of $43.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.49 and a quick ratio of 0.49.
Assured Guaranty (NYSE:AGO) last issued its quarterly earnings data on Thursday, November 8th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.75. The business had revenue of $274.00 million for the quarter, compared to analysts’ expectations of $240.16 million. Assured Guaranty had a return on equity of 7.17% and a net margin of 45.37%. The company’s revenue for the quarter was down 56.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $0.64 annualized dividend and a dividend yield of 1.61%.
Separately, ValuEngine raised Assured Guaranty from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC raised its holdings in shares of Assured Guaranty by 948,197.6% during the 3rd quarter. Clearbridge Investments LLC now owns 388,802 shares of the financial services provider’s stock worth $16,419,000 after acquiring an additional 388,761 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Assured Guaranty by 8.9% during the 3rd quarter. Nordea Investment Management AB now owns 334,426 shares of the financial services provider’s stock worth $14,123,000 after acquiring an additional 27,253 shares in the last quarter. Banco de Sabadell S.A raised its holdings in shares of Assured Guaranty by 64.6% during the 3rd quarter. Banco de Sabadell S.A now owns 41,877 shares of the financial services provider’s stock worth $1,764,000 after acquiring an additional 16,429 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Assured Guaranty by 2.9% during the 3rd quarter. Mackenzie Financial Corp now owns 272,017 shares of the financial services provider’s stock worth $11,487,000 after acquiring an additional 7,588 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Assured Guaranty by 0.3% during 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 in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.
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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.
Further Reading: Outstanding Shares and The Effect on Share Price
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