Assured Guaranty Ltd. (NYSE:AGO) Director Patrick W. Kenny sold 4,300 shares of Assured Guaranty stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $41.21, for a total transaction of $177,203.00. Following the transaction, the director now owns 59,468 shares in the company, valued at approximately $2,450,676.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NYSE:AGO traded down $0.05 during midday trading on Friday, hitting $41.10. 444,800 shares of the company’s stock traded hands, compared to its average volume of 917,573. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 10.15 and a beta of 1.34. Assured Guaranty Ltd. has a twelve month low of $32.97 and a twelve month high of $42.87.
Assured Guaranty (NYSE:AGO) last posted its earnings results on Wednesday, August 1st. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). The business had revenue of $221.00 million for the quarter, compared to analyst estimates of $236.91 million. Assured Guaranty had a net margin of 37.52% and a return on equity of 7.02%. The business’s revenue was down 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.56%.
Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC purchased a new stake in Assured Guaranty during the 1st quarter worth $124,000. Trilogy Capital Inc. purchased a new stake in Assured Guaranty during the 2nd quarter worth $200,000. Quantum Capital Management purchased a new stake in Assured Guaranty during the 1st quarter worth $212,000. Aviance Capital Partners LLC purchased a new stake in Assured Guaranty during the 2nd quarter worth $220,000. Finally, Tower Research Capital LLC TRC increased its stake in Assured Guaranty by 179.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,057 shares of the financial services provider’s stock worth $288,000 after buying an additional 5,169 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.
AGO has been the topic of several recent research reports. ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and set a $48.00 target price on shares of Assured Guaranty in a report on Friday, August 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Assured Guaranty presently has a consensus rating of “Buy” and an average target price of $48.67.
Assured Guaranty Company Profile
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.
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