Assured Guaranty Ltd. (NYSE:AGO) CIO Andrew T. Feldstein bought 25,500 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average price of $26.01 per share, for a total transaction of $663,255.00. Following the completion of the transaction, the executive now directly owns 578,644 shares of the company’s stock, valued at approximately $15,050,530.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE AGO traded up $2.78 during midday trading on Thursday, hitting $28.79. 13,256 shares of the company traded hands, compared to its average volume of 1,374,306. The company’s 50-day simple moving average is $39.05 and its 200-day simple moving average is $45.36. Assured Guaranty Ltd. has a 52 week low of $13.64 and a 52 week high of $50.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $2.19 billion, a PE ratio of 6.91 and a beta of 1.01.
Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.12. Assured Guaranty had a net margin of 41.74% and a return on equity of 5.86%. The business had revenue of $220.00 million for the quarter, compared to analyst estimates of $220.30 million. During the same quarter in the prior year, the business posted $0.87 EPS. Assured Guaranty’s revenue for the quarter was down 4.8% compared to the same quarter last year.
A number of analysts have commented on AGO shares. UBS Group upped their price target on Assured Guaranty from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, TheStreet lowered Assured Guaranty from a “b-” rating to a “c+” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $58.00.
A number of hedge funds have recently made changes to their positions in the business. CSat Investment Advisory L.P. boosted its position in shares of Assured Guaranty by 1.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 11,728 shares of the financial services provider’s stock worth $575,000 after buying an additional 218 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Assured Guaranty by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,691 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 368 shares in the last quarter. Huntington National Bank acquired a new position in shares of Assured Guaranty in the 4th quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new position in Assured Guaranty in the fourth quarter worth about $7,224,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Assured Guaranty by 12.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,344 shares of the financial services provider’s stock valued at $262,000 after buying an additional 598 shares during the period. Institutional investors own 95.59% of the company’s stock.
About Assured Guaranty
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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