Assured Guaranty Ltd. (NYSE:AGO) insider Russell B. Brewer II sold 29,362 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $42.36, for a total value of $1,243,774.32. Following the transaction, the insider now directly owns 188,952 shares in the company, valued at $8,004,006.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of AGO traded up $0.20 during trading on Monday, reaching $42.48. The company’s stock had a trading volume of 621,800 shares, compared to its average volume of 897,791. Assured Guaranty Ltd. has a twelve month low of $32.97 and a twelve month high of $42.71. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 10.44 and a beta of 1.34. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.19.

Assured Guaranty (NYSE:AGO) last announced its earnings results on Wednesday, August 1st. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). Assured Guaranty had a net margin of 37.52% and a return on equity of 7.02%. The business had revenue of $221.00 million during the quarter, compared to analyst estimates of $236.91 million. During the same period in the previous year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was down 28.2% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Tuesday, August 14th.

Several equities analysts recently commented on AGO shares. ValuEngine raised Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $48.00 price target on shares of Assured Guaranty in a research report on Friday, August 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $48.67.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Banco de Sabadell S.A raised its position in shares of Assured Guaranty by 5.6% in the 2nd quarter. Banco de Sabadell S.A now owns 25,448 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 1,345 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Assured Guaranty by 2.4% during the 2nd quarter. Chartwell Investment Partners LLC now owns 61,832 shares of the financial services provider’s stock valued at $2,209,000 after acquiring an additional 1,455 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Assured Guaranty by 11.1% during the 1st quarter. Natixis Advisors L.P. now owns 21,671 shares of the financial services provider’s stock valued at $784,000 after acquiring an additional 2,170 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Assured Guaranty by 1.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 193,950 shares of the financial services provider’s stock valued at $6,930,000 after acquiring an additional 2,250 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its position in shares of Assured Guaranty by 30.7% during the 1st quarter. First Republic Investment Management Inc. now owns 10,023 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 2,356 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors.

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.

Further Reading: Earnings Per Share

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