14,812 Shares in Assured Guaranty Ltd. (NYSE:AGO) Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. bought a new stake in shares of Assured Guaranty Ltd. (NYSE:AGO) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,812 shares of the financial services provider’s stock, valued at approximately $1,305,000.

A number of other large investors also recently made changes to their positions in AGO. Proficio Capital Partners LLC purchased a new position in shares of Assured Guaranty in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in Assured Guaranty by 46.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 149 shares in the last quarter. Covestor Ltd lifted its holdings in Assured Guaranty by 108.2% in the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 424 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Assured Guaranty in the fourth quarter worth about $97,000. Finally, Jones Financial Companies Lllp lifted its holdings in Assured Guaranty by 1,794.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 1,418 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Assured Guaranty Stock Performance

AGO opened at $85.50 on Friday. The business’s 50 day moving average is $86.08 and its 200-day moving average is $87.36. The stock has a market cap of $4.20 billion, a PE ratio of 10.22 and a beta of 0.82. 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 Ltd. has a twelve month low of $72.57 and a twelve month high of $96.50.

Assured Guaranty (NYSE:AGO) last announced its earnings results on Thursday, May 8th. The financial services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.15 by $0.03. Assured Guaranty had a return on equity of 7.76% and a net margin of 45.58%. The firm had revenue of $345.00 million for the quarter, compared to analysts’ expectations of $257.96 million. During the same quarter in the previous year, the company earned $1.96 earnings per share. On average, analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.36 annualized dividend and a yield of 1.59%. Assured Guaranty’s dividend payout ratio (DPR) is 16.25%.

Insider Activity at Assured Guaranty

In other Assured Guaranty news, CEO Dominic Frederico sold 71,917 shares of Assured Guaranty stock in a transaction on 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 completion of the sale, the chief executive officer owned 1,348,073 shares of the company’s stock, valued at $116,082,566.03. This trade represents a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Laura Bieling sold 2,649 shares of Assured Guaranty stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $87.76, for a total transaction of $232,476.24. Following the sale, the chief accounting officer directly owned 13,462 shares of the company’s stock, valued at $1,181,425.12. This trade represents a 16.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,004 shares of company stock worth $7,324,274. 5.10% of the stock is currently owned by company insiders.

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.