Assured Guaranty Ltd. (NYSE:AGO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Assured Guaranty Ltd. (NYSE:AGO) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,514 shares of the financial services provider’s stock after selling 238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Assured Guaranty were worth $712,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Evergreen Capital Management LLC raised its position in shares of Assured Guaranty by 5.3% during the third quarter. Evergreen Capital Management LLC now owns 3,964 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 198 shares during the period. Arizona State Retirement System raised its position in shares of Assured Guaranty by 1.4% during the third quarter. Arizona State Retirement System now owns 16,041 shares of the financial services provider’s stock worth $971,000 after purchasing an additional 215 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Assured Guaranty during the fourth quarter worth $28,000. Natixis Advisors L.P. raised its position in shares of Assured Guaranty by 2.0% during the third quarter. Natixis Advisors L.P. now owns 19,713 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 381 shares during the period. Finally, Swiss National Bank raised its position in shares of Assured Guaranty by 0.7% during the third quarter. Swiss National Bank now owns 123,800 shares of the financial services provider’s stock worth $7,492,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 92.22% of the company’s stock.

Insiders Place Their Bets

In other Assured Guaranty news, CEO Dominic Frederico sold 55,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $92.43, for a total value of $5,083,650.00. Following the transaction, the chief executive officer now directly owns 1,450,824 shares of the company’s stock, valued at approximately $134,099,662.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $92.00 target price (up from $75.00) on shares of Assured Guaranty in a research report on Monday, April 1st. UBS Group upped their price target on Assured Guaranty from $64.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, March 1st.

Assured Guaranty Stock Up 0.3 %

NYSE:AGO opened at $77.72 on Tuesday. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 6.27 and a beta of 1.12. Assured Guaranty Ltd. has a 1-year low of $49.84 and a 1-year high of $96.60. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $86.13 and its 200 day moving average price is $76.21.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.18 by $4.57. Assured Guaranty had a return on equity of 11.82% and a net margin of 53.82%. The firm had revenue of $233.00 million for the quarter, compared to analyst estimates of $196.15 million. During the same period in the previous year, the firm earned $0.22 earnings per share. Assured Guaranty’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that Assured Guaranty Ltd. will post 6 earnings per share for the current fiscal year.

Assured Guaranty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.44%. The ex-dividend date was Tuesday, March 5th. Assured Guaranty’s payout ratio is currently 10.00%.

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.