Paloma Partners Management Co Lowers Position in Assured Guaranty Ltd. (AGO)

Paloma Partners Management Co decreased its position in Assured Guaranty Ltd. (NYSE:AGO) by 28.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,982 shares of the financial services provider’s stock after selling 24,585 shares during the period. Paloma Partners Management Co’s holdings in Assured Guaranty were worth $2,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Assured Guaranty by 2.3% in the first quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock worth $144,000 after buying an additional 84 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Assured Guaranty during the first quarter worth approximately $205,000. Creative Planning boosted its position in shares of Assured Guaranty by 36.7% in the first quarter. Creative Planning now owns 7,516 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,016 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Assured Guaranty by 16.8% in the first quarter. Advisors Asset Management Inc. now owns 7,967 shares of the financial services provider’s stock worth $296,000 after buying an additional 1,147 shares in the last quarter. Finally, Strategic Global Advisors LLC acquired a new position in shares of Assured Guaranty during the first quarter worth approximately $339,000. Hedge funds and other institutional investors own 99.14% of the company’s stock.

Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

Shares of Assured Guaranty Ltd. (NYSE AGO) traded down 0.12% on Thursday, reaching $41.19. 464,246 shares of the company’s stock were exchanged. Assured Guaranty Ltd. has a 12 month low of $23.42 and a 12 month high of $42.94. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 4.77 and a beta of 1.74. The firm’s 50-day moving average price is $39.67 and its 200 day moving average price is $39.22.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Monday, May 15th. Assured Guaranty’s dividend payout ratio (DPR) is presently 6.57%.

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A number of research analysts have commented on the stock. BidaskClub upgraded shares of Assured Guaranty from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods cut shares of Assured Guaranty from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, March 1st. Finally, BTIG Research restated a “buy” rating and set a $49.00 price target on shares of Assured Guaranty in a research note on Sunday, May 28th.

In other news, insider Howard Albert sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $39.19, for a total transaction of $470,280.00. Following the completion of the sale, the insider now owns 169,314 shares of the company’s stock, valued at approximately $6,635,415.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

About Assured Guaranty

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AGO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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