Oakworth Capital Inc. bought a new position in shares of Assured Guaranty Ltd. (NYSE:AGO – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,000 shares of the financial services provider's stock, valued at approximately $125,000.
Several other large investors also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of Assured Guaranty in the 1st quarter valued at $30,000. TCI Wealth Advisors Inc. lifted its position in shares of Assured Guaranty by 59.8% during the third quarter. TCI Wealth Advisors Inc. now owns 532 shares of the financial services provider's stock worth $26,000 after purchasing an additional 199 shares in the last quarter. National Bank of Canada FI acquired a new stake in Assured Guaranty in the fourth quarter valued at approximately $33,000. Ronald Blue Trust Inc. increased its stake in Assured Guaranty by 46.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 540 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Assured Guaranty in the fourth quarter valued at approximately $142,000. Hedge funds and other institutional investors own 90.51% of the company's stock.
Get Assured Guaranty alerts:Assured Guaranty Stock Performance
AGO traded up $0.18 during trading on Friday, reaching $53.88. 148,816 shares of the company were exchanged, compared to its average volume of 240,918. Assured Guaranty Ltd. has a 52 week low of $45.21 and a 52 week high of $67.13. The stock has a market cap of $3.20 billion, a P/E ratio of 27.77 and a beta of 1.10. The firm has a 50 day moving average of $54.76 and a 200 day moving average of $58.36. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32.
Assured Guaranty (NYSE:AGO – Get Rating) last announced its earnings results on Tuesday, February 28th. The financial services provider reported $0.22 EPS for the quarter. The business had revenue of $292.00 million during the quarter. Assured Guaranty had a return on equity of 4.88% and a net margin of 17.15%. On average, sell-side analysts forecast that Assured Guaranty Ltd. will post 4.6 EPS for the current fiscal year.
Assured Guaranty Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, March 7th. This is an increase from Assured Guaranty's previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.08%. Assured Guaranty's dividend payout ratio (DPR) is 57.73%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AGO shares. StockNews.com lowered shares of Assured Guaranty from a "hold" rating to a "sell" rating in a research report on Wednesday, April 5th. Roth Capital restated a "buy" rating on shares of Assured Guaranty in a report on Wednesday, March 1st.
About Assured Guaranty
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Assured Guaranty Ltd. is a holding company, which engages in the provision of credit protection products to the U.S. and international public finance, and structured finance markets through its subsidiaries. It operates through the following segments: Insurance and Asset Management. The Insurance segment includes the company's domestic and foreign insurance subsidiaries and their wholly-owned subsidiaries that provide credit protection products to the U.S.
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