Assured Guaranty Ltd. (NYSE:AGO) CEO Sells $899,024.94 in Stock

Assured Guaranty Ltd. (NYSE:AGO) CEO Dominic Frederico sold 10,438 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $86.13, for a total transaction of $899,024.94. Following the completion of the sale, the chief executive officer now owns 1,337,635 shares in the company, valued at $115,210,502.55. This represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dominic Frederico also recently made the following trade(s):

• On Monday, May 19th, Dominic Frederico sold 71,917 shares of Assured Guaranty stock. The shares were sold at an average price of $86.11, for a total transaction of $6,192,772.87.

Assured Guaranty Stock Down 0.1%

Assured Guaranty stock opened at $83.94 on Friday. The company has a market capitalization of $4.12 billion, a P/E ratio of 6.52 and a beta of 0.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $85.33 and a 200-day moving average price of $88.50. Assured Guaranty Ltd. has a twelve month low of $72.57 and a twelve month high of $96.50.

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

Assured Guaranty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, May 16th. Assured Guaranty’s dividend payout ratio (DPR) is currently 16.25%.

Hedge Funds Weigh In On Assured Guaranty

Several institutional investors and hedge funds have recently made changes to their positions in AGO. Barclays PLC grew its holdings in shares of Assured Guaranty by 214.0% during the 3rd quarter. Barclays PLC now owns 24,879 shares of the financial services provider’s stock valued at $1,980,000 after purchasing an additional 16,956 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Assured Guaranty in the fourth quarter valued at about $250,000. HB Wealth Management LLC bought a new stake in shares of Assured Guaranty during the 4th quarter valued at about $243,000. Janney Montgomery Scott LLC boosted its stake in shares of Assured Guaranty by 108.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,047 shares of the financial services provider’s stock valued at $1,534,000 after purchasing an additional 8,856 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Assured Guaranty by 4.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 35,824 shares of the financial services provider’s stock valued at $3,225,000 after purchasing an additional 1,620 shares in the last quarter. Institutional investors own 92.22% of the company’s stock.

About Assured Guaranty

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.