MUFG Securities EMEA plc reduced its position in Assured Guaranty Ltd. (NYSE:AGO) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,900 shares of the financial services provider’s stock after selling 8,200 shares during the period. MUFG Securities EMEA plc owned 0.09% of Assured Guaranty worth $3,441,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new stake in Assured Guaranty during the fourth quarter valued at approximately $30,000. Captrust Financial Advisors raised its position in Assured Guaranty by 164.1% during the fourth quarter. Captrust Financial Advisors now owns 1,141 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 709 shares during the period. Global Retirement Partners LLC raised its position in Assured Guaranty by 17.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 253 shares during the period. Parkside Financial Bank & Trust raised its position in Assured Guaranty by 20.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,810 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 307 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in Assured Guaranty during the fourth quarter valued at approximately $77,000. Institutional investors own 97.79% of the company’s stock.
AGO stock traded up $0.07 during midday trading on Wednesday, reaching $46.87. 313,309 shares of the company traded hands, compared to its average volume of 620,562. Assured Guaranty Ltd. has a 52-week low of $34.47 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market cap of $4.75 billion, a PE ratio of 10.75 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.18 per share. This is a boost from Assured Guaranty’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.54%.
Separately, ValuEngine upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.
In other news, Director G Lawrence Buhl sold 3,873 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $43.77, for a total transaction of $169,521.21. Following the transaction, the director now owns 59,352 shares of the company’s stock, valued at $2,597,837.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.81% of the company’s stock.
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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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