Arizona State Retirement System Lowers Stock Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Arizona State Retirement System trimmed its holdings in shares of Assured Guaranty Ltd. (NYSE:AGOGet Rating) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,882 shares of the financial services provider’s stock after selling 767 shares during the period. Arizona State Retirement System’s holdings in Assured Guaranty were worth $1,202,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its holdings in shares of Assured Guaranty by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,694 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 240 shares during the last quarter. Eaton Vance Management increased its position in shares of Assured Guaranty by 2.7% during the fourth quarter. Eaton Vance Management now owns 10,046 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 268 shares in the last quarter. Brinker Capital Investments LLC increased its position in shares of Assured Guaranty by 2.9% during the fourth quarter. Brinker Capital Investments LLC now owns 9,593 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 273 shares in the last quarter. CWM LLC increased its position in shares of Assured Guaranty by 255.3% during the first quarter. CWM LLC now owns 405 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 291 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Assured Guaranty by 3.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,782 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 350 shares in the last quarter. 95.41% of the stock is currently owned by hedge funds and other institutional investors.

Assured Guaranty Trading Down 0.3 %

NYSE:AGO opened at $58.24 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28. Assured Guaranty Ltd. has a 12 month low of $44.94 and a 12 month high of $65.68. The company has a market cap of $3.73 billion, a PE ratio of 9.35 and a beta of 1.05. The company has a 50 day simple moving average of $56.49 and a two-hundred day simple moving average of $57.55.

Assured Guaranty (NYSE:AGOGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.34 earnings per share for the quarter. The business had revenue of $300.00 million for the quarter. Assured Guaranty had a net margin of 45.73% and a return on equity of 8.14%.

Assured Guaranty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Tuesday, May 17th. Assured Guaranty’s dividend payout ratio is presently 16.05%.

Insider Transactions at Assured Guaranty

In other news, CEO Dominic Frederico sold 86,000 shares of Assured Guaranty stock in a transaction on Monday, June 27th. The shares were sold at an average price of $57.21, for a total transaction of $4,920,060.00. Following the transaction, the chief executive officer now owns 1,278,541 shares in the company, valued at approximately $73,145,330.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AGO. UBS Group reissued a “neutral” rating and set a $65.00 price target (up previously from $56.00) on shares of Assured Guaranty in a research report on Tuesday, April 5th. TheStreet downgraded shares of Assured Guaranty from a “b” rating to a “c+” rating in a research report on Wednesday, July 13th.

Assured Guaranty Company Profile

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Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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