Assured Guaranty Ltd. (NYSE:AGO – Get Free Report) major shareholder Guaranty Ltd Assured bought 209,388 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average price of $24.83 per share, for a total transaction of $5,199,104.04. Following the completion of the acquisition, the insider directly owned 1,212,106 shares in the company, valued at approximately $30,096,591.98. The trade was a 20.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Guaranty Ltd Assured also recently made the following trade(s):
- On Thursday, April 30th, Guaranty Ltd Assured purchased 242,718 shares of Assured Guaranty stock. The stock was purchased at an average price of $24.72 per share, with a total value of $5,999,988.96.
Assured Guaranty Price Performance
AGO opened at $84.33 on Thursday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 9.68 and a beta of 0.75. The stock has a fifty day moving average of $79.50 and a 200-day moving average of $82.10. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.31. Assured Guaranty Ltd. has a 12-month low of $72.76 and a 12-month high of $92.39.
Assured Guaranty Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, May 15th. Assured Guaranty’s dividend payout ratio (DPR) is 17.45%.
Hedge Funds Weigh In On Assured Guaranty
Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in shares of Assured Guaranty by 633.9% in the 4th quarter. Global Retirement Partners LLC now owns 455 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 393 shares during the last quarter. Quarry LP bought a new position in Assured Guaranty during the 3rd quarter worth approximately $44,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Assured Guaranty during the fourth quarter worth $45,000. Elevation Wealth Partners LLC boosted its position in shares of Assured Guaranty by 309.2% during the second quarter. Elevation Wealth Partners LLC now owns 581 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 439 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Assured Guaranty in the 3rd quarter valued at $68,000. Institutional investors and hedge funds own 92.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on AGO shares. Keefe, Bruyette & Woods decreased their target price on Assured Guaranty from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Roth Capital lowered Assured Guaranty from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research note on Friday, May 8th. UBS Group upgraded shares of Assured Guaranty from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, May 18th. Weiss Ratings raised shares of Assured Guaranty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Wall Street Zen raised Assured Guaranty from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.
Check Out Our Latest Analysis on AGO
Assured Guaranty Company Profile
Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company’s primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events.
In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects.
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