Assured Guaranty Ltd. (ago) To Go Ex-Dividend on November 14th
Assured Guaranty Ltd. (NYSE:ago) declared a quarterly dividend on Wednesday, November 2nd. Investors of record on Wednesday, November 16th will be paid a dividend of 0.13 per share on Wednesday, November 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, November 14th.
Shares of Assured Guaranty (NYSE:AGO) opened at 34.35 on Friday. The firm’s 50-day moving average is $29.47 and its 200-day moving average is $27.25. The stock has a market capitalization of $4.48 billion, a PE ratio of 4.22 and a beta of 1.86. Assured Guaranty has a one year low of $21.79 and a one year high of $34.40.
In other news, insider Howard Albert sold 16,000 shares of Assured Guaranty stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $32.00, for a total value of $512,000.00. Following the transaction, the insider now owns 161,739 shares of the company’s stock, valued at approximately $5,175,648. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its position in shares of Assured Guaranty by 41.3% in the second quarter. TIAA CREF Investment Management LLC now owns 335,459 shares of the company’s stock worth $8,511,000 after buying an additional 98,037 shares during the last quarter. Analytic Investors LLC increased its position in shares of Assured Guaranty by 379.1% in the second quarter. Analytic Investors LLC now owns 523,351 shares of the company’s stock worth $13,277,000 after buying an additional 414,106 shares during the last quarter. Cipher Capital LP increased its position in shares of Assured Guaranty by 101.7% in the second quarter. Cipher Capital LP now owns 195,079 shares of the company’s stock worth $4,949,000 after buying an additional 98,379 shares during the last quarter. Sei Investments Co. increased its position in shares of Assured Guaranty by 38.0% in the second quarter. Sei Investments Co. now owns 5,937 shares of the company’s stock worth $151,000 after buying an additional 1,635 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Assured Guaranty by 8.2% in the second quarter. Comerica Bank now owns 13,106 shares of the company’s stock worth $363,000 after buying an additional 997 shares during the last quarter. 96.59% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BTIG Research set a $35.00 target price on shares of Assured Guaranty and gave the company a “buy” rating in a research report on Monday, October 24th.
About Assured Guaranty
Assured Guaranty Ltd. is a holding company. The Company provides, through its subsidiaries, credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It conducts its financial guaranty business on a direct basis through the companies, including Assured Guaranty Municipal Corp.
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