Yousif Capital Management LLC trimmed its stake in Assured Guaranty Ltd. (NYSE:AGO – Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,542 shares of the financial services provider’s stock after selling 4,680 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of Assured Guaranty worth $1,787,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Everence Capital Management Inc. raised its stake in shares of Assured Guaranty by 21.7% during the fourth quarter. Everence Capital Management Inc. now owns 10,110 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 1,800 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Assured Guaranty during the fourth quarter valued at about $213,000. Strs Ohio raised its stake in shares of Assured Guaranty by 6.4% during the first quarter. Strs Ohio now owns 86,831 shares of the financial services provider’s stock valued at $4,364,000 after purchasing an additional 5,190 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Assured Guaranty by 29.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 82,786 shares of the financial services provider’s stock valued at $5,154,000 after purchasing an additional 18,793 shares in the last quarter. Finally, Natixis Advisors L.P. raised its position in Assured Guaranty by 11.6% in the fourth quarter. Natixis Advisors L.P. now owns 19,468 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 2,026 shares in the last quarter. 88.24% of the stock is currently owned by institutional investors.
Assured Guaranty Price Performance
Shares of Assured Guaranty stock opened at $59.78 on Tuesday. The company’s 50-day moving average price is $55.33 and its two-hundred day moving average price is $55.68. The stock has a market cap of $3.55 billion, a PE ratio of 25.99 and a beta of 1.11. Assured Guaranty Ltd. has a 52 week low of $45.21 and a 52 week high of $67.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.
Assured Guaranty Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were paid a $0.28 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $1.12 dividend on an annualized basis and a yield of 1.87%. Assured Guaranty’s dividend payout ratio is currently 48.70%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th.
Assured Guaranty 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. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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