Insider Buying: Assured Guaranty Ltd. (NYSE:AGO) CFO Buys 14,000 Shares of Stock

Assured Guaranty Ltd. (NYSE:AGO) CFO Cary D. Baetz purchased 14,000 shares of Assured Guaranty stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of $8.31 per share, for a total transaction of $116,340.00.

Shares of AGO opened at $49.47 on Friday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 12.86 and a beta of 1.01. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $48.12 and a two-hundred day simple moving average of $44.71. Assured Guaranty Ltd. has a twelve month low of $36.13 and a twelve month high of $49.87.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. Assured Guaranty had a net margin of 40.07% and a return on equity of 5.96%. The business had revenue of $206.00 million for the quarter, compared to analyst estimates of $212.55 million. During the same quarter last year, the firm earned $1.47 EPS. The company’s revenue was down 25.1% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.46%.

A number of equities analysts have commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $52.00 price target on shares of Assured Guaranty in a research note on Sunday, August 11th. UBS Group increased their price objective on Assured Guaranty from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, August 19th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. raised its position in Assured Guaranty by 48.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 345,833 shares of the financial services provider’s stock valued at $14,553,000 after purchasing an additional 113,226 shares during the last quarter. Capital Returns Management LLC lifted its stake in Assured Guaranty by 22.1% in the second quarter. Capital Returns Management LLC now owns 568,694 shares of the financial services provider’s stock worth $23,931,000 after acquiring an additional 102,976 shares during the period. Kahn Brothers Group Inc. DE lifted its stake in Assured Guaranty by 0.5% in the third quarter. Kahn Brothers Group Inc. DE now owns 1,574,774 shares of the financial services provider’s stock worth $70,014,000 after acquiring an additional 8,324 shares during the period. Chicago Equity Partners LLC boosted its holdings in Assured Guaranty by 102.3% in the second quarter. Chicago Equity Partners LLC now owns 53,870 shares of the financial services provider’s stock valued at $2,267,000 after acquiring an additional 27,240 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Assured Guaranty by 0.6% in the third quarter. Rhumbline Advisers now owns 79,010 shares of the financial services provider’s stock valued at $3,513,000 after acquiring an additional 463 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

About Assured Guaranty

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.

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Insider Buying and Selling by Quarter for Assured Guaranty (NYSE:AGO)

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