Assured Guaranty Ltd. (NYSE:AGO) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 554.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,544 shares of the financial services provider’s stock after purchasing an additional 1,308 shares during the quarter. Farther Finance Advisors LLC’s holdings in Assured Guaranty were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in Assured Guaranty during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC raised its position in shares of Assured Guaranty by 46.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider’s stock valued at $42,000 after buying an additional 149 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Assured Guaranty by 100.6% in the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider’s stock valued at $62,000 after buying an additional 343 shares during the last quarter. Covestor Ltd raised its position in shares of Assured Guaranty by 108.2% in the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider’s stock valued at $73,000 after buying an additional 424 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Assured Guaranty during the fourth quarter worth about $97,000. Institutional investors and hedge funds own 92.22% of the company’s stock.

Insider Activity

In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dominic Frederico sold 71,917 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $86.11, for a total transaction of $6,192,772.87. Following the transaction, the chief executive officer now directly owns 1,348,073 shares of the company’s stock, valued at approximately $116,082,566.03. This represents a 5.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,004 shares of company stock valued at $7,324,274 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Assured Guaranty Price Performance

Assured Guaranty stock opened at $86.27 on Friday. Assured Guaranty Ltd. has a 12-month low of $72.57 and a 12-month high of $96.50. The stock has a market cap of $4.24 billion, a P/E ratio of 10.31 and a beta of 0.83. The company has a 50-day moving average price of $85.54 and a 200 day moving average price of $87.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.15 by $0.03. Assured Guaranty had a net margin of 45.58% and a return on equity of 7.76%. The business had revenue of $345.00 million during the quarter, compared to analyst estimates of $257.96 million. During the same quarter last year, the firm posted $1.96 earnings per share. Sell-side analysts anticipate that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.34 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.58%. Assured Guaranty’s payout ratio is 16.25%.

Assured Guaranty 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.