Legg Mason Asset Management Japan Co. Ltd. cut its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,700 shares of the financial services provider’s stock after selling 900 shares during the period. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Assured Guaranty were worth $793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AGO. Penserra Capital Management LLC acquired a new stake in shares of Assured Guaranty during the fourth quarter valued at about $30,000. Captrust Financial Advisors increased its position in shares of Assured Guaranty by 164.1% during the fourth quarter. Captrust Financial Advisors now owns 1,141 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 709 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Assured Guaranty by 20.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,810 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 307 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Assured Guaranty during the fourth quarter valued at about $77,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Assured Guaranty during the fourth quarter valued at about $95,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

NYSE AGO opened at $44.92 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.19. Assured Guaranty Ltd. has a one year low of $34.47 and a one year high of $45.13. The company has a market capitalization of $4.63 billion, a PE ratio of 10.24 and a beta of 1.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be paid a $0.18 dividend. This is a positive change from Assured Guaranty’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%.

In other news, Director G Lawrence Buhl sold 3,873 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $43.77, for a total value of $169,521.21. Following the completion of the transaction, the director now owns 59,352 shares of the company’s stock, valued at $2,597,837.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.54% of the company’s stock.

Separately, ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

TRADEMARK VIOLATION WARNING: “Assured Guaranty Ltd. (AGO) Holdings Decreased by Legg Mason Asset Management Japan Co. Ltd.” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/assured-guaranty-ltd-ago-holdings-decreased-by-legg-mason-asset-management-japan-co-ltd/2897304.html.

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.

Featured Article: What is a Swap?

Want to see what other hedge funds are holding AGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assured Guaranty Ltd. (NYSE:AGO).

Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

Receive News & Ratings for Assured Guaranty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty and related companies with MarketBeat.com's FREE daily email newsletter.