Assured Guaranty Ltd. (NYSE:AGO) CEO Dominic Frederico Sells 10,438 Shares of Stock

Assured Guaranty Ltd. (NYSE:AGO) CEO Dominic Frederico sold 10,438 shares of Assured Guaranty stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $86.13, for a total value of $899,024.94. Following the completion of the sale, the chief executive officer now directly owns 1,337,635 shares of the company’s stock, valued at $115,210,502.55. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Dominic Frederico also recently made the following trade(s):

• On Monday, May 19th, Dominic Frederico sold 71,917 shares of Assured Guaranty stock. The shares were sold at an average price of $86.11, for a total value of $6,192,772.87.

Assured Guaranty Stock Performance

NYSE AGO opened at $84.06 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $4.13 billion, a P/E ratio of 6.53 and a beta of 0.82. The stock has a 50-day moving average of $85.40 and a two-hundred day moving average of $88.48. Assured Guaranty Ltd. has a 1-year low of $72.57 and a 1-year high of $96.50.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.03. The firm had revenue of $345.00 million during the quarter, compared to analysts’ expectations of $257.96 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. During the same quarter in the previous year, the business posted $1.96 earnings per share. As a group, analysts anticipate that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Assured Guaranty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, May 16th. Assured Guaranty’s dividend payout ratio is currently 16.25%.

Institutional Trading of Assured Guaranty

Several hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new position in Assured Guaranty during the 1st quarter worth $293,632,000. Norges Bank purchased a new stake in shares of Assured Guaranty during the fourth quarter worth approximately $50,447,000. River Road Asset Management LLC raised its holdings in Assured Guaranty by 67.4% in the fourth quarter. River Road Asset Management LLC now owns 1,116,131 shares of the financial services provider’s stock valued at $100,463,000 after acquiring an additional 449,310 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Assured Guaranty in the fourth quarter valued at approximately $28,060,000. Finally, Boston Partners lifted its stake in Assured Guaranty by 46.0% in the fourth quarter. Boston Partners now owns 806,821 shares of the financial services provider’s stock worth $72,904,000 after acquiring an additional 254,063 shares during the last quarter. 92.22% of the stock is currently owned by institutional investors and hedge funds.

About Assured Guaranty

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.