Assured Guaranty Ltd. (NYSE:AGO) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in Assured Guaranty Ltd. (NYSE:AGO) by 78.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,182 shares of the financial services provider’s stock after selling 339,991 shares during the period. BNP Paribas Financial Markets’ holdings in Assured Guaranty were worth $8,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Assured Guaranty in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in Assured Guaranty by 46.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 149 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Assured Guaranty by 100.6% during the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider’s stock worth $62,000 after buying an additional 343 shares during the period. Covestor Ltd boosted its stake in shares of Assured Guaranty by 108.2% during the fourth quarter. Covestor Ltd now owns 816 shares of the financial services provider’s stock worth $73,000 after buying an additional 424 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Assured Guaranty during the fourth quarter worth about $97,000. Institutional investors and hedge funds own 92.22% of the company’s stock.

Assured Guaranty Price Performance

Shares of AGO opened at $87.42 on Monday. Assured Guaranty Ltd. has a fifty-two week low of $72.57 and a fifty-two week high of $96.50. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.79 and a beta of 0.82. The firm has a 50-day simple moving average of $85.14 and a 200-day simple moving average of $88.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91.

Assured Guaranty (NYSE:AGO) last announced its earnings results on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.03. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $345.00 million during the quarter, compared to the consensus estimate of $257.96 million. During the same quarter in the prior year, the firm earned $1.96 earnings per share. On average, equities research analysts anticipate that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.36 annualized dividend and a dividend yield of 1.56%. Assured Guaranty’s dividend payout ratio (DPR) is 16.25%.

Assured Guaranty Profile

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.