Quantinno Capital Management LP Raises Stock Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Quantinno Capital Management LP boosted its stake in shares of Assured Guaranty Ltd. (NYSE:AGO) by 45.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,669 shares of the financial services provider’s stock after purchasing an additional 14,342 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Assured Guaranty worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGO. Barclays PLC boosted its holdings in shares of Assured Guaranty by 214.0% in the 3rd quarter. Barclays PLC now owns 24,879 shares of the financial services provider’s stock valued at $1,980,000 after buying an additional 16,956 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Assured Guaranty in the fourth quarter valued at approximately $250,000. HB Wealth Management LLC acquired a new stake in Assured Guaranty in the fourth quarter valued at approximately $243,000. Janney Montgomery Scott LLC grew its holdings in Assured Guaranty by 108.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,047 shares of the financial services provider’s stock worth $1,534,000 after purchasing an additional 8,856 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Assured Guaranty by 4.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 35,824 shares of the financial services provider’s stock worth $3,225,000 after purchasing an additional 1,620 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Insiders Place Their Bets

In other Assured Guaranty news, CAO Laura Bieling sold 2,649 shares of Assured Guaranty stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $87.76, for a total transaction of $232,476.24. Following the completion of the sale, the chief accounting officer now owns 13,462 shares of the company’s stock, valued at approximately $1,181,425.12. The trade was a 16.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Assured Guaranty Stock Performance

Shares of AGO opened at $86.37 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.24 billion, a PE ratio of 6.71 and a beta of 0.82. Assured Guaranty Ltd. has a 12 month low of $72.57 and a 12 month high of $96.50. The stock has a fifty day moving average price of $85.36 and a 200-day moving average price of $88.50.

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

Assured Guaranty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 16th. Assured Guaranty’s payout ratio is currently 16.25%.

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.