True Wealth Design LLC Makes New $38,000 Investment in Assured Guaranty Ltd. (NYSE:AGO)

True Wealth Design LLC purchased a new stake in Assured Guaranty Ltd. (NYSE:AGO) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 479 shares of the financial services provider’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in Assured Guaranty in the third quarter valued at approximately $31,000. Assetmark Inc. lifted its holdings in shares of Assured Guaranty by 66.6% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 197 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Assured Guaranty in the 2nd quarter worth $46,000. Farther Finance Advisors LLC grew its stake in Assured Guaranty by 183.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 596 shares of the financial services provider’s stock worth $47,000 after buying an additional 386 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Assured Guaranty by 155.8% during the 3rd quarter. Blue Trust Inc. now owns 637 shares of the financial services provider’s stock valued at $49,000 after buying an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Assured Guaranty Stock Down 0.1 %

Shares of AGO stock opened at $93.28 on Monday. Assured Guaranty Ltd. has a fifty-two week low of $67.25 and a fifty-two week high of $96.60. The firm has a market capitalization of $4.75 billion, a PE ratio of 7.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $85.86 and its 200-day simple moving average is $80.77.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.42 by $1.00. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The company had revenue of $269.00 million for the quarter, compared to the consensus estimate of $202.57 million. During the same quarter in the prior year, the company earned $3.42 EPS. Assured Guaranty’s quarterly revenue was down 33.3% on a year-over-year basis. Equities analysts expect that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.24 annualized dividend and a dividend yield of 1.33%. Assured Guaranty’s dividend payout ratio (DPR) is presently 9.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Assured Guaranty from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. UBS Group boosted their target price on shares of Assured Guaranty from $87.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Finally, StockNews.com raised shares of Assured Guaranty from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

Insider Activity at Assured Guaranty

In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of Assured Guaranty stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the completion of the transaction, the chief executive officer now owns 1,380,119 shares in the company, valued at approximately $110,423,321.19. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Yukiko Omura sold 3,599 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $79.73, for a total value of $286,948.27. Following the completion of the sale, the director now owns 19,285 shares in the company, valued at $1,537,593.05. The trade was a 15.73 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Assured Guaranty Company Profile

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.