True Wealth Design LLC Takes $38,000 Position in Assured Guaranty Ltd. (NYSE:AGO)

True Wealth Design LLC purchased a new position in Assured Guaranty Ltd. (NYSE:AGO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 479 shares of the financial services provider’s stock, valued at approximately $38,000.

A number of other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Assured Guaranty by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,310 shares of the financial services provider’s stock worth $2,732,000 after buying an additional 302 shares during the last quarter. Tidal Investments LLC increased its stake in Assured Guaranty by 9.0% during the first quarter. Tidal Investments LLC now owns 7,367 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 606 shares during the last quarter. GAMMA Investing LLC raised its position in Assured Guaranty by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,164 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 147 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Assured Guaranty by 284.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,475 shares of the financial services provider’s stock valued at $3,200,000 after purchasing an additional 30,673 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Assured Guaranty by 535.9% in the 2nd quarter. CWM LLC now owns 1,965 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 1,656 shares during the period. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AGO shares. Keefe, Bruyette & Woods increased their price target on Assured Guaranty from $92.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, November 18th. StockNews.com raised shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, UBS Group upped their price target on shares of Assured Guaranty from $87.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, November 18th.

Insider Activity at Assured Guaranty

In related news, CEO Dominic Frederico sold 31,000 shares of Assured Guaranty stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total value of $2,480,310.00. Following the completion of the sale, the chief executive officer now directly owns 1,380,119 shares in the company, valued at $110,423,321.19. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Yukiko Omura sold 3,599 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $79.73, for a total transaction of $286,948.27. Following the transaction, the director now owns 19,285 shares in the company, valued at approximately $1,537,593.05. The trade was a 15.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

Assured Guaranty Stock Performance

AGO stock opened at $93.28 on Monday. Assured Guaranty Ltd. has a twelve month low of $67.25 and a twelve month high of $96.60. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 7.25 and a beta of 1.10. The business’s fifty day simple moving average is $85.86 and its two-hundred day simple moving average is $80.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $1.42 by $1.00. The company had revenue of $269.00 million for the quarter, compared to the consensus estimate of $202.57 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The firm’s revenue was down 33.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.42 EPS. Analysts predict that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, November 22nd. Assured Guaranty’s dividend payout ratio is presently 9.63%.

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.