State of Alaska Department of Revenue Has $2.71 Million Stock Position in Assured Guaranty Ltd. (NYSE:AGO)

State of Alaska Department of Revenue cut its holdings in Assured Guaranty Ltd. (NYSE:AGOGet Rating) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 48,487 shares of the financial services provider’s stock after selling 205 shares during the quarter. State of Alaska Department of Revenue’s holdings in Assured Guaranty were worth $2,705,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in Assured Guaranty by 6.5% in the fourth quarter. Schroder Investment Management Group now owns 239,486 shares of the financial services provider’s stock valued at $12,022,000 after buying an additional 14,562 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new position in Assured Guaranty in the first quarter valued at approximately $11,857,000. Invesco Ltd. lifted its stake in Assured Guaranty by 1.1% in the fourth quarter. Invesco Ltd. now owns 438,488 shares of the financial services provider’s stock valued at $22,011,000 after buying an additional 4,641 shares during the period. California Public Employees Retirement System acquired a new position in Assured Guaranty in the first quarter valued at approximately $981,000. Finally, Neo Ivy Capital Management acquired a new position in Assured Guaranty in the fourth quarter valued at approximately $328,000. 92.30% of the stock is owned by institutional investors and hedge funds.

Assured Guaranty Stock Down 4.2 %

Shares of NYSE AGO opened at $49.79 on Friday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 11.85 and a beta of 1.07. The company has a 50-day moving average price of $54.15 and a 200-day moving average price of $56.74. Assured Guaranty Ltd. has a 1 year low of $44.94 and a 1 year high of $65.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62.

Assured Guaranty (NYSE:AGOGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.31). Assured Guaranty had a net margin of 34.57% and a return on equity of 7.00%.

Assured Guaranty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 16th. Assured Guaranty’s dividend payout ratio is currently 23.81%.

Insider Activity at Assured Guaranty

In related news, CEO Dominic Frederico sold 86,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,278,541 shares of the company’s stock, valued at $73,145,330.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. TheStreet lowered Assured Guaranty from a “b” rating to a “c+” rating in a research note on Wednesday, July 13th. StockNews.com downgraded shares of Assured Guaranty from a “hold” rating to a “sell” rating in a research report on Friday, August 5th.

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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