Meeder Advisory Services Inc. Invests $218,000 in Assured Guaranty Ltd. (NYSE:AGO)

Meeder Advisory Services Inc. purchased a new stake in Assured Guaranty Ltd. (NYSE:AGO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,471 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently bought and sold shares of AGO. Reinhart Partners LLC. boosted its position in shares of Assured Guaranty by 12.8% in the first quarter. Reinhart Partners LLC. now owns 1,134,810 shares of the financial services provider’s stock worth $99,977,000 after buying an additional 129,026 shares during the period. Royce & Associates LP boosted its position in Assured Guaranty by 1.1% during the 1st quarter. Royce & Associates LP now owns 1,000,760 shares of the financial services provider’s stock worth $88,167,000 after acquiring an additional 10,567 shares during the period. AQR Capital Management LLC boosted its position in Assured Guaranty by 1.4% during the 4th quarter. AQR Capital Management LLC now owns 997,622 shares of the financial services provider’s stock worth $89,796,000 after acquiring an additional 13,552 shares during the period. Norges Bank purchased a new position in Assured Guaranty during the 4th quarter valued at about $50,447,000. Finally, Northern Trust Corp increased its holdings in shares of Assured Guaranty by 13.5% in the 4th quarter. Northern Trust Corp now owns 533,290 shares of the financial services provider’s stock valued at $48,001,000 after purchasing an additional 63,375 shares during the period. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Assured Guaranty Stock Performance

AGO stock opened at $83.82 on Friday. The firm has a 50 day simple moving average of $84.70 and a 200 day simple moving average of $86.70. Assured Guaranty Ltd. has a 52 week low of $72.57 and a 52 week high of $96.50. The stock has a market cap of $4.11 billion, a P/E ratio of 10.01 and a beta of 0.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.83.

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

Insider Transactions at Assured Guaranty

In related news, CEO Dominic Frederico sold 71,917 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $86.11, for a total value 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 approximately $116,082,566.03. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Laura Bieling sold 2,649 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 13,462 shares in the company, valued at approximately $1,181,425.12. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,004 shares of company stock worth $7,324,274 in the last 90 days. Corporate insiders own 5.10% of the company’s stock.

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.