Assured Guaranty Ltd. (NYSE:AGO) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in Assured Guaranty Ltd. (NYSE:AGOGet Rating) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Assured Guaranty were worth $1,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Assured Guaranty by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 7,928,269 shares of the financial services provider’s stock worth $504,714,000 after purchasing an additional 410,594 shares during the period. Long Focus Capital Management LLC purchased a new position in shares of Assured Guaranty during the 4th quarter worth $17,565,000. M Holdings Securities Inc. purchased a new position in shares of Assured Guaranty during the 1st quarter worth $17,106,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Assured Guaranty during the 1st quarter worth $11,857,000. Finally, Invesco Ltd. grew its holdings in shares of Assured Guaranty by 25.5% during the 1st quarter. Invesco Ltd. now owns 550,201 shares of the financial services provider’s stock worth $35,027,000 after purchasing an additional 111,713 shares during the period. 92.30% of the stock is owned by institutional investors and hedge funds.

Assured Guaranty Stock Performance

Shares of Assured Guaranty stock opened at $49.79 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 11.85 and a beta of 1.07. The business has a 50-day moving average of $54.15 and a 200 day moving average of $56.74. Assured Guaranty Ltd. has a 12 month low of $44.94 and a 12 month high of $65.68.

Assured Guaranty (NYSE:AGOGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported $0.46 earnings per share (EPS) 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 2.01%. The ex-dividend date of this dividend was Tuesday, August 16th. Assured Guaranty’s dividend payout ratio is currently 23.81%.

Insider Buying and Selling at Assured Guaranty

In other news, CEO Dominic Frederico sold 86,000 shares of the firm’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $57.21, for a total transaction of $4,920,060.00. Following the sale, the chief executive officer now owns 1,278,541 shares of the company’s stock, valued at approximately $73,145,330.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.82% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com cut Assured Guaranty from a “hold” rating to a “sell” rating in a report on Friday, August 5th. TheStreet cut Assured Guaranty from a “b” rating to a “c+” rating in a report on Wednesday, July 13th.

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.

Further Reading

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Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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