Insider Buying: Assured Guaranty Ltd. (NYSE:AGO) CIO Purchases 12,000 Shares of Stock

Assured Guaranty Ltd. (NYSE:AGO) CIO Andrew T. Feldstein acquired 12,000 shares of Assured Guaranty stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of $43.29 per share, with a total value of $519,480.00. Following the acquisition, the executive now owns 12,000 shares of the company’s stock, valued at $519,480. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NYSE:AGO traded up $0.19 during trading on Friday, reaching $43.76. 19,866 shares of the stock were exchanged, compared to its average volume of 533,376. Assured Guaranty Ltd. has a 12 month low of $36.13 and a 12 month high of $47.97. The firm has a market cap of $4.34 billion, a PE ratio of 9.68 and a beta of 1.02. The stock has a 50-day moving average price of $44.13 and a 200-day moving average price of $44.10. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.62. The business had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $222.39 million. Assured Guaranty had a return on equity of 7.24% and a net margin of 46.89%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share.



The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, August 20th.

A number of equities research analysts have recently issued reports on AGO shares. BTIG Research restated a “buy” rating and set a $52.00 price objective on shares of Assured Guaranty in a report on Sunday, August 11th. UBS Group boosted their price objective on Assured Guaranty from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, ValuEngine cut Assured Guaranty from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Several hedge funds have recently modified their holdings of AGO. Steward Partners Investment Advisory LLC bought a new stake in shares of Assured Guaranty in the second quarter valued at approximately $32,000. Rockefeller Capital Management L.P. boosted its stake in shares of Assured Guaranty by 1,700.0% in the second quarter. Rockefeller Capital Management L.P. now owns 936 shares of the financial services provider’s stock valued at $39,000 after buying an additional 884 shares during the period. Neo Ivy Capital Management boosted its stake in shares of Assured Guaranty by 79.0% in the second quarter. Neo Ivy Capital Management now owns 1,330 shares of the financial services provider’s stock valued at $56,000 after buying an additional 587 shares during the period. Nomura Asset Management Co. Ltd. bought a new stake in shares of Assured Guaranty in the second quarter valued at approximately $87,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Assured Guaranty by 960.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the financial services provider’s stock valued at $95,000 after buying an additional 2,045 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Assured Guaranty Company Profile

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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