Victory Capital Management Inc. lessened its position in shares of Assured Guaranty Ltd. (NYSE:AGO – Get Rating) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,834 shares of the financial services provider’s stock after selling 8,026 shares during the period. Victory Capital Management Inc. owned approximately 0.55% of Assured Guaranty worth $20,482,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in AGO. TCI Wealth Advisors Inc. boosted its holdings in shares of Assured Guaranty by 59.8% during the third quarter. TCI Wealth Advisors Inc. now owns 532 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 199 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of Assured Guaranty by 46.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 540 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Quantbot Technologies LP bought a new stake in shares of Assured Guaranty during the first quarter worth approximately $30,000. National Bank of Canada FI bought a new stake in shares of Assured Guaranty during the fourth quarter worth approximately $33,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Assured Guaranty during the fourth quarter worth approximately $125,000. Institutional investors own 90.51% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on AGO. Roth Capital restated a “buy” rating on shares of Assured Guaranty in a report on Wednesday, March 1st. StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th.
Assured Guaranty Stock Down 1.2 %
Assured Guaranty (NYSE:AGO – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The financial services provider reported $0.22 EPS for the quarter. Assured Guaranty had a net margin of 19.69% and a return on equity of 4.60%. The business had revenue of $292.00 million during the quarter. On average, equities research analysts expect that Assured Guaranty Ltd. will post 4.6 earnings per share for the current fiscal year.
Assured Guaranty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $1.12 annualized dividend and a yield of 2.15%. Assured Guaranty’s dividend payout ratio is currently 48.70%.
Assured Guaranty Profile
Assured Guaranty Ltd. is a holding company, which engages in the provision of credit protection products to the U.S. and international public finance, and structured finance markets through its subsidiaries. It operates through the following segments: Insurance and Asset Management. The Insurance segment includes the company’s domestic and foreign insurance subsidiaries and their wholly-owned subsidiaries that provide credit protection products to the U.S.
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