Orion Portfolio Solutions LLC Sells 235 Shares of Assured Guaranty Ltd. (NYSE:AGO)

Orion Portfolio Solutions LLC lowered its stake in shares of Assured Guaranty Ltd. (NYSE:AGOFree Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,876 shares of the financial services provider’s stock after selling 235 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Assured Guaranty were worth $522,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Reinhart Partners LLC. grew its position in shares of Assured Guaranty by 8.2% during the 4th quarter. Reinhart Partners LLC. now owns 893,788 shares of the financial services provider’s stock valued at $66,882,000 after acquiring an additional 67,613 shares during the period. Norges Bank bought a new position in Assured Guaranty during the fourth quarter valued at $41,609,000. Charles Schwab Investment Management Inc. increased its position in Assured Guaranty by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 407,268 shares of the financial services provider’s stock worth $30,476,000 after buying an additional 4,699 shares during the last quarter. Invesco Ltd. increased its position in Assured Guaranty by 63.9% in the third quarter. Invesco Ltd. now owns 406,987 shares of the financial services provider’s stock worth $24,631,000 after buying an additional 158,638 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Assured Guaranty by 27.4% during the 3rd quarter. AQR Capital Management LLC now owns 273,395 shares of the financial services provider’s stock valued at $16,546,000 after buying an additional 58,873 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AGO shares. Keefe, Bruyette & Woods decreased their price objective on Assured Guaranty from $92.00 to $87.00 and set a “market perform” rating for the company in a report on Friday, May 31st. UBS Group increased their target price on shares of Assured Guaranty from $64.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st.

Check Out Our Latest Analysis on AGO

Insider Buying and Selling at Assured Guaranty

In related news, CEO Dominic Frederico sold 55,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $92.43, for a total value of $5,083,650.00. Following the sale, the chief executive officer now owns 1,450,824 shares in the company, valued at $134,099,662.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Assured Guaranty news, CEO Dominic Frederico sold 55,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $92.43, for a total value of $5,083,650.00. Following the transaction, the chief executive officer now directly owns 1,450,824 shares in the company, valued at approximately $134,099,662.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Laura Bieling sold 3,901 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $79.93, for a total value of $311,806.93. Following the completion of the sale, the chief accounting officer now directly owns 16,036 shares in the company, valued at approximately $1,281,757.48. The disclosure for this sale can be found here. Insiders sold a total of 88,901 shares of company stock valued at $7,793,657 in the last three months. Company insiders own 5.10% of the company’s stock.

Assured Guaranty Price Performance

Assured Guaranty stock opened at $77.56 on Friday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 5.99 and a beta of 1.10. Assured Guaranty Ltd. has a one year low of $52.99 and a one year high of $96.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.97 and a quick ratio of 0.97. The business has a fifty day moving average price of $78.82 and a 200-day moving average price of $79.40.

Assured Guaranty (NYSE:AGOGet Free Report) last posted its earnings results on Tuesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $194.78 million. Assured Guaranty had a return on equity of 12.48% and a net margin of 57.45%. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. As a group, equities research analysts forecast that Assured Guaranty Ltd. will post 6.45 EPS for the current year.

Assured Guaranty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This is a boost from Assured Guaranty’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.60%. Assured Guaranty’s dividend payout ratio is currently 9.58%.

About Assured Guaranty

(Free Report)

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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

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