Squarepoint Ops LLC purchased a new position in shares of Assured Guaranty Ltd. (NYSE:AGO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 37,311 shares of the financial services provider’s stock, valued at approximately $1,428,000.
Other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its stake in shares of Assured Guaranty by 84.9% in the fourth quarter. Northern Trust Corp now owns 1,419,569 shares of the financial services provider’s stock valued at $54,341,000 after buying an additional 651,982 shares during the period. BlackRock Inc. grew its position in shares of Assured Guaranty by 8.3% in the fourth quarter. BlackRock Inc. now owns 7,403,059 shares of the financial services provider’s stock valued at $283,390,000 after purchasing an additional 569,255 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Assured Guaranty by 12,263.8% in the third quarter. The Manufacturers Life Insurance Company now owns 492,820 shares of the financial services provider’s stock valued at $20,812,000 after purchasing an additional 488,834 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Assured Guaranty by 948,197.6% in the third quarter. Clearbridge Investments LLC now owns 388,802 shares of the financial services provider’s stock valued at $16,419,000 after purchasing an additional 388,761 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Assured Guaranty by 78.6% in the fourth quarter. Mackenzie Financial Corp now owns 485,807 shares of the financial services provider’s stock valued at $18,597,000 after purchasing an additional 213,790 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.
In related news, Director G Lawrence Buhl sold 3,873 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $43.77, for a total transaction of $169,521.21. Following the completion of the transaction, the director now directly owns 59,352 shares in the company, valued at $2,597,837.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.81% of the stock is owned by insiders.
Assured Guaranty (NYSE:AGO) last announced its quarterly earnings results on Thursday, February 28th. The financial services provider reported $0.87 earnings per share for the quarter. Assured Guaranty had a return on equity of 7.26% and a net margin of 52.00%. The company had revenue of $220.00 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.54%. This is a boost from Assured Guaranty’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, March 12th.
Separately, ValuEngine upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.
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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.
Further Reading: Outstanding Shares
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