Assured Guaranty (NYSE:AGO) Downgraded to Sell at lowered shares of Assured Guaranty (NYSE:AGOGet Rating) from a hold rating to a sell rating in a research note published on Friday.

Separately, TheStreet downgraded shares of Assured Guaranty from a b rating to a c+ rating in a report on Wednesday, July 13th.

Assured Guaranty Stock Performance

AGO opened at $51.67 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 12.30 and a beta of 1.05. Assured Guaranty has a 12-month low of $44.94 and a 12-month high of $65.68. The business has a 50 day moving average of $56.29 and a 200-day moving average of $57.50.

Assured Guaranty (NYSE:AGOGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.31). Assured Guaranty had a return on equity of 7.00% and a net margin of 34.57%.

Assured Guaranty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.00 annualized dividend and a yield of 1.94%. Assured Guaranty’s dividend payout ratio is 23.81%.

Insider Activity at Assured Guaranty

In other news, CEO Dominic Frederico sold 86,000 shares of Assured Guaranty stock in a transaction on Monday, June 27th. The stock was sold at an average price of $57.21, for a total value of $4,920,060.00. Following the transaction, the chief executive officer now owns 1,278,541 shares in the company, valued at approximately $73,145,330.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Assured Guaranty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group increased its holdings in shares of Assured Guaranty by 6.5% during the fourth quarter. Schroder Investment Management Group now owns 239,486 shares of the financial services provider’s stock worth $12,022,000 after buying an additional 14,562 shares in the last quarter. Tegean Capital Management LLC acquired a new stake in Assured Guaranty during the 4th quarter worth approximately $13,554,000. Invesco Ltd. grew its holdings in Assured Guaranty by 1.1% during the 4th quarter. Invesco Ltd. now owns 438,488 shares of the financial services provider’s stock worth $22,011,000 after acquiring an additional 4,641 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Assured Guaranty by 18.5% during the fourth quarter. Teacher Retirement System of Texas now owns 14,190 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 2,219 shares during the last quarter. Finally, VELA Investment Management LLC bought a new position in shares of Assured Guaranty during the fourth quarter valued at $903,000. Institutional investors own 95.41% of the company’s stock.

Assured Guaranty Company Profile

(Get Rating)

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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