Jupiter Topco LLC acquired a new stake in shares of Assured Guaranty Ltd. (NYSE:AGO – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,465 shares of the financial services provider’s stock, valued at approximately $1,401,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in Assured Guaranty in the 2nd quarter valued at $27,000. Global Retirement Partners LLC boosted its holdings in Assured Guaranty by 633.9% during the fourth 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 in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Assured Guaranty in the 4th quarter valued at approximately $45,000. Quarry LP acquired a new stake in Assured Guaranty in the 3rd quarter valued at $44,000. Finally, Elevation Wealth Partners LLC lifted its holdings 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 valued at $47,000 after acquiring an additional 439 shares during the period. 92.22% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Assured Guaranty
In related news, major shareholder Guaranty Ltd Assured acquired 209,388 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average price of $24.83 per share, with a total value of $5,199,104.04. Following the purchase, the insider directly owned 1,212,106 shares in the company, valued at approximately $30,096,591.98. This trade represents a 20.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.70% of the company’s stock.
Analyst Upgrades and Downgrades
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Assured Guaranty Stock Performance
Shares of AGO opened at $75.56 on Friday. The firm has a market cap of $3.32 billion, a P/E ratio of 10.07 and a beta of 0.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.64 and a current ratio of 0.64. Assured Guaranty Ltd. has a twelve month low of $72.76 and a twelve month high of $92.39. The firm’s 50 day moving average price is $80.06 and its two-hundred day moving average price is $80.50.
Assured Guaranty (NYSE:AGO – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $1.23 EPS for the quarter. The firm had revenue of $195.00 million for the quarter. Assured Guaranty had a net margin of 37.34% and a return on equity of 7.11%. On average, analysts forecast that Assured Guaranty Ltd. will post 6.91 EPS for the current fiscal year.
Assured Guaranty Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.52 annualized dividend and a yield of 2.0%. Assured Guaranty’s payout ratio is currently 20.27%.
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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