Dominic Frederico Sells 29,977 Shares of Assured Guaranty Ltd. (NYSE:AGO) Stock

Assured Guaranty Ltd. (NYSE:AGO) CEO Dominic Frederico sold 29,977 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $61.13, for a total value of $1,832,494.01. Following the sale, the chief executive officer now owns 1,371,016 shares in the company, valued at $83,810,208.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Assured Guaranty Stock Down 1.1 %

Shares of AGO stock opened at $60.75 on Friday. Assured Guaranty Ltd. has a 1 year low of $45.21 and a 1 year high of $67.13. The stock has a market cap of $3.56 billion, a PE ratio of 11.91 and a beta of 1.10. The business’s fifty day moving average is $59.42 and its 200-day moving average is $55.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.54). The firm had revenue of $206.00 million for the quarter, compared to analyst estimates of $172.20 million. Assured Guaranty had a net margin of 31.86% and a return on equity of 4.73%. Equities analysts expect that Assured Guaranty Ltd. will post 3.85 earnings per share for the current fiscal year.

Assured Guaranty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Tuesday, August 15th. Assured Guaranty’s dividend payout ratio is presently 21.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Assured Guaranty in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Assured Guaranty

Several large investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL bought a new stake in shares of Assured Guaranty during the 2nd quarter worth $1,149,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Assured Guaranty by 5.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 20,091 shares of the financial services provider’s stock worth $1,121,000 after acquiring an additional 1,087 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Assured Guaranty by 6.9% during the 2nd quarter. Alliancebernstein L.P. now owns 88,409 shares of the financial services provider’s stock worth $4,933,000 after acquiring an additional 5,699 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Assured Guaranty by 38.3% during the 2nd quarter. Natixis Advisors L.P. now owns 19,332 shares of the financial services provider’s stock worth $1,079,000 after acquiring an additional 5,349 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Assured Guaranty by 28.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the financial services provider’s stock worth $62,000 after buying an additional 249 shares during the period. 88.77% of the stock is owned by institutional investors.

About Assured Guaranty

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.