Wells Fargo & Company MN increased its position in shares of Assured Guaranty Ltd. (NYSE:AGO) by 40.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,639 shares of the financial services provider’s stock after purchasing an additional 92,023 shares during the period. Wells Fargo & Company MN owned 0.29% of Assured Guaranty worth $13,498,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AGO. BlackRock Inc. raised its holdings in Assured Guaranty by 12.4% during the second quarter. BlackRock Inc. now owns 6,867,562 shares of the financial services provider’s stock worth $245,377,000 after purchasing an additional 757,761 shares in the last quarter. Boston Partners raised its holdings in Assured Guaranty by 36.5% during the second quarter. Boston Partners now owns 1,856,469 shares of the financial services provider’s stock worth $66,332,000 after purchasing an additional 496,860 shares in the last quarter. EJF Capital LLC bought a new stake in Assured Guaranty during the second quarter worth approximately $12,963,000. CarVal Investors LLC bought a new stake in Assured Guaranty during the second quarter worth approximately $11,302,000. Finally, Federated Investors Inc. PA raised its holdings in Assured Guaranty by 68.4% during the second quarter. Federated Investors Inc. PA now owns 372,891 shares of the financial services provider’s stock worth $13,323,000 after purchasing an additional 151,450 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:AGO opened at $39.27 on Friday. Assured Guaranty Ltd. has a 12 month low of $32.97 and a 12 month high of $43.40. The company has a market cap of $4.25 billion, a P/E ratio of 9.50 and a beta of 1.25. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.19.
Assured Guaranty (NYSE:AGO) last announced its earnings results on Thursday, November 8th. The financial services provider reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.75. The firm had revenue of $274.00 million for the quarter, compared to analysts’ expectations of $240.16 million. Assured Guaranty had a return on equity of 7.17% and a net margin of 45.37%. The firm’s quarterly revenue was down 56.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 21st were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $0.64 annualized dividend and a yield of 1.63%.
Separately, ValuEngine raised Assured Guaranty from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th.
In other Assured Guaranty news, CFO Robert Bailenson sold 16,723 shares of Assured Guaranty stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $40.42, for a total value of $675,943.66. Following the transaction, the chief financial officer now owns 252,786 shares in the company, valued at $10,217,610.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephen Donnarumma sold 4,713 shares of Assured Guaranty stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $41.83, for a total transaction of $197,144.79. Following the completion of the transaction, the insider now owns 83,322 shares in the company, valued at approximately $3,485,359.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,798 shares of company stock worth $2,116,863. 2.62% of the stock is currently owned by company insiders.
About Assured Guaranty
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
Read More: Leveraged Buyout (LBO)
Receive News & Ratings for Assured Guaranty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty and related companies with MarketBeat.com's FREE daily email newsletter.