Sanctuary Advisors LLC holds $1.41M position in Assured Guaranty Ltd. (NYSE:AGO)

Sanctuary Advisors LLC purchased a new position in shares of Assured Guaranty Ltd. (NYSE:AGO – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,010 shares of the financial services provider’s stock, valued at approximately $1,413,000.

A number of other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Assured Guaranty by 82.6% during the 2nd quarter. AQR Capital Management LLC now owns 662,354 shares of the financial services provider’s stock, valued at $51,101,000 after purchasing another 299,658 shares in the last quarter. LRI Investments LLC acquired a new position in Assured Guaranty in the first quarter worth about $25,554,000. American Century Companies Inc. raised its stake in shares of Assured Guaranty by 37.4% during the second quarter. American Century Companies Inc. now owns 678,182 shares of the financial services provider’s stock worth $52,322,000 after purchasing an additional 184,621 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Assured Guaranty by 293.6% during the 2nd quarter. Millennium Management LLC now owns 126,673 shares of the financial services provider’s stock valued at $9,773,000 after buying an additional 94,486 shares shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Assured Guaranty by 1,990.0% in the first quarter. BNP Paribas Financial Markets now owns 60,839 shares of the financial services provider’s stock worth $5,308,000 after purchasing an additional 57,928 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s shares.

Guarantee stock insured with 1.5%

Shares of AGO stock opened at $82.84 on Thursday. The stock has a market cap of $4.51 billion, a P/E ratio of 6.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.96, and a quick ratio of 0.96. The stock has a fifty day moving average price of $78.60 and a 200 day moving average price of $78.97. Assured Guaranty Ltd. has a one year low of $59.01 and a one year high of $96.60.

Assured Guaranty (NYSE:AGO – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. The business had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $193.05 million. Assured Guaranty had a net margin of 61.17% and a return on equity of 13.19%. The company’s revenue for the quarter was down 43.9% year over year. In the same quarter last year, the company posted earnings of $0.60 per share. analysts anticipate that Assured Guaranty Ltd. will post 6.3 earnings per share for the current year.

Notice of Insured Guarantee Dividends

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.31 dividend. This represents an annualized dividend of $1.24 and a yield of 1.50%. The ex-dividend date was Wednesday, August 21. Assured Guaranty’s dividend payout ratio is 9.58%.

Insider buying and selling at Guaranteed Guarantee

In other news, CEO Dominic Frederico sold 31,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total value of $2,480,310.00. Following the sale, the chief executive officer now owns 1,380,119 shares of the company’s stock, valued at approximately $110,423,321.19. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director Yukiko Omura sold 3,599 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $79.73, for a total value of $286,948.27. Following the completion of the sale, the director now directly owns 19,285 shares in the company, valued at approximately $1,537,593.05. This trade represents a decrease of 0.00 % in the stock holding. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dominic Frederico sold 31,000 shares of Assured Guaranty stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total value of $2,480,310.00. Following the completion of the transaction, the chief executive officer now directly owns 1,380,119 shares of the company’s stock, valued at $110,423,321.19. This represents a 0.00 % decrease in ownership of the shares. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s shares.

Changes in Analyst Ratings

A number of analysts have issued reports on AGO shares. StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Roth Mkm reiterated a “buy” rating and issued a $110.00 price objective on shares of Assured Guaranty in a report on Tuesday, July 9th. Keefe, Bruyette & Woods raised Assured Guaranty from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $87.00 to $92.00 in a report of research on Tuesday, July 9. Finally, UBS Group reduced their price objective on shares of Assured Guaranty from $102.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

Get the latest Assured Warranty research report

About the Insured Guarantee

(Free report)

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

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