Captrust Financial Advisors Boosts Stock Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Captrust Financial Advisors boosted its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 63.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,760 shares of the financial services provider’s stock after buying an additional 2,231 shares during the period. Captrust Financial Advisors’ holdings in Assured Guaranty were worth $518,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AGO. Proficio Capital Partners LLC purchased a new stake in Assured Guaranty during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its stake in Assured Guaranty by 46.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider’s stock worth $42,000 after buying an additional 149 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Assured Guaranty by 100.6% during the 4th quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 343 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Assured Guaranty by 108.2% during the 4th quarter. Covestor Ltd now owns 816 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 424 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Assured Guaranty during the 4th quarter worth approximately $97,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Assured Guaranty

In related news, CAO Laura Bieling sold 2,649 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total value of $232,476.24. Following the transaction, the chief accounting officer now directly owns 13,462 shares in the company, valued at approximately $1,181,425.12. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Assured Guaranty Trading Down 0.2%

Shares of Assured Guaranty stock opened at $86.37 on Monday. The stock has a market cap of $4.24 billion, a P/E ratio of 6.71 and a beta of 0.82. The stock’s 50 day simple moving average is $85.36 and its 200-day simple moving average is $88.50. Assured Guaranty Ltd. has a 1-year low of $72.57 and a 1-year high of $96.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91.

Assured Guaranty (NYSE:AGO) last issued its earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.03. The business had revenue of $345.00 million for the quarter, compared to analysts’ expectations of $257.96 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. During the same period in the previous year, the firm posted $1.96 EPS. Analysts predict that Assured Guaranty Ltd. will post 7.3 EPS for the current fiscal year.

Assured Guaranty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, May 16th. Assured Guaranty’s dividend payout ratio is currently 16.25%.

Assured Guaranty Company Profile

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.