Assured Guaranty Ltd. (NYSE:AGO) CEO Dominic Frederico Sells 31,000 Shares

Assured Guaranty Ltd. (NYSE:AGO) CEO Dominic Frederico sold 31,000 shares of the company’s stock in a transaction that occurred on 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 owns 1,380,119 shares in the company, valued at approximately $110,423,321.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, June 20th, Dominic Frederico sold 40,000 shares of Assured Guaranty stock. The stock was sold at an average price of $78.12, for a total value of $3,124,800.00.

Assured Guaranty Trading Down 1.2 %

NYSE AGO traded down $0.92 during trading on Friday, hitting $77.94. The stock had a trading volume of 475,131 shares, compared to its average volume of 389,732. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 6.05 and a beta of 1.11. Assured Guaranty Ltd. has a one year low of $58.27 and a one year high of $96.60. The stock has a 50 day simple moving average of $78.66 and a 200 day simple moving average of $80.64.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Assured Guaranty had a net margin of 61.17% and a return on equity of 13.19%. The business had revenue of $202.00 million during the quarter, compared to the consensus estimate of $193.05 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was down 43.9% compared to the same quarter last year. Sell-side analysts predict that Assured Guaranty Ltd. will post 6.3 earnings per share for the current year.

Assured Guaranty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, August 21st. Assured Guaranty’s dividend payout ratio is presently 9.58%.

Institutional Trading of Assured Guaranty

Several institutional investors and hedge funds have recently modified their holdings of AGO. New Covenant Trust Company N.A. acquired a new position in Assured Guaranty during the first quarter valued at $35,000. Daiwa Securities Group Inc. acquired a new position in shares of Assured Guaranty in the second quarter worth about $46,000. Principal Securities Inc. acquired a new position in shares of Assured Guaranty during the 4th quarter worth about $53,000. GAMMA Investing LLC raised its position in shares of Assured Guaranty by 24.3% during the 1st quarter. GAMMA Investing LLC now owns 1,017 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 199 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Assured Guaranty by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,054 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AGO shares. UBS Group cut their price target on Assured Guaranty from $102.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Friday. Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Assured Guaranty in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods upgraded Assured Guaranty from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $87.00 to $92.00 in a research report on Tuesday, July 9th.

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.