Diametric Capital LP Boosts Stake in Assured Guaranty Ltd. (NYSE:AGO)

Diametric Capital LP lifted its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,012 shares of the financial services provider’s stock after acquiring an additional 388 shares during the period. Diametric Capital LP’s holdings in Assured Guaranty were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in Assured Guaranty during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its position in Assured Guaranty by 46.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the financial services provider’s stock worth $42,000 after buying an additional 149 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Assured Guaranty by 100.6% in the fourth quarter. Venturi Wealth Management LLC now owns 684 shares of the financial services provider’s stock worth $62,000 after buying an additional 343 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Assured Guaranty during the fourth quarter valued at approximately $97,000. Finally, Jones Financial Companies Lllp grew its position in Assured Guaranty by 1,794.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 1,418 shares during the last quarter. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

Assured Guaranty Trading Up 0.0 %

Shares of AGO opened at $88.10 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. Assured Guaranty Ltd. has a fifty-two week low of $72.57 and a fifty-two week high of $96.50. The firm has a 50 day moving average price of $89.68 and a 200-day moving average price of $88.02. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 6.85 and a beta of 1.11.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.07). Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $199.56 million. As a group, equities research analysts forecast that Assured Guaranty Ltd. will post 7.3 earnings per share for the current year.

Assured Guaranty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.54%. This is a positive change from Assured Guaranty’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 5th. Assured Guaranty’s dividend payout ratio (DPR) is presently 19.94%.

Assured Guaranty 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.