Mutual of America Capital Management LLC Cuts Holdings in Assured Guaranty Ltd. (NYSE:AGO)

Mutual of America Capital Management LLC lessened its stake in Assured Guaranty Ltd. (NYSE:AGO) by 12.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,439 shares of the financial services provider’s stock after selling 1,059 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Assured Guaranty were worth $592,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Assured Guaranty in the first quarter worth approximately $35,000. Assetmark Inc. raised its holdings in shares of Assured Guaranty by 66.6% in the 3rd quarter. Assetmark Inc. now owns 493 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 197 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Assured Guaranty during the 2nd quarter worth $46,000. Farther Finance Advisors LLC grew its stake in shares of Assured Guaranty by 183.8% during the third quarter. Farther Finance Advisors LLC now owns 596 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 386 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Assured Guaranty by 155.8% in the third quarter. Blue Trust Inc. now owns 637 shares of the financial services provider’s stock valued at $49,000 after buying an additional 388 shares during the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Assured Guaranty

In other Assured Guaranty news, Director Yukiko Omura sold 3,599 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $79.73, for a total transaction of $286,948.27. Following the sale, the director now directly owns 19,285 shares in the company, valued at approximately $1,537,593.05. The trade was a 15.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dominic Frederico sold 31,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the transaction, the chief executive officer now directly owns 1,380,119 shares in the company, valued at approximately $110,423,321.19. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Assured Guaranty Price Performance

Shares of NYSE AGO opened at $93.32 on Wednesday. The stock has a fifty day moving average price of $84.87 and a 200 day moving average price of $80.34. Assured Guaranty Ltd. has a 1-year low of $67.25 and a 1-year high of $96.60. 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 $4.75 billion, a PE ratio of 7.36 and a beta of 1.10.

Assured Guaranty (NYSE:AGO) last released its earnings results on Monday, November 11th. The financial services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $1.42 by $1.00. The company had revenue of $269.00 million during the quarter, compared to analysts’ expectations of $202.57 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business’s revenue was down 33.3% on a year-over-year basis. During the same quarter last year, the business earned $3.42 EPS. Sell-side analysts forecast that Assured Guaranty Ltd. will post 7.3 EPS for the current year.

Assured Guaranty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.31 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.24 annualized dividend and a dividend yield of 1.33%. Assured Guaranty’s dividend payout ratio is currently 9.63%.

Analyst Ratings Changes

AGO has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Assured Guaranty from $92.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. UBS Group upped their price target on Assured Guaranty from $87.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, StockNews.com upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

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.