Assured Guaranty Ltd. (AGO) Stake Lowered by Los Angeles Capital Management & Equity Research In

Los Angeles Capital Management & Equity Research Inc. lessened its position in Assured Guaranty Ltd. (NYSE:AGO) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 353,807 shares of the financial services provider’s stock after selling 7,203 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Assured Guaranty were worth $13,544,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. TCW Group Inc. increased its holdings in shares of Assured Guaranty by 12.2% during the 3rd quarter. TCW Group Inc. now owns 61,863 shares of the financial services provider’s stock worth $2,613,000 after buying an additional 6,747 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Assured Guaranty by 1.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 985,003 shares of the financial services provider’s stock worth $41,595,000 after buying an additional 14,845 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Assured Guaranty during the 3rd quarter worth approximately $248,000. Private Advisor Group LLC acquired a new stake in shares of Assured Guaranty during the 3rd quarter worth approximately $222,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Assured Guaranty by 40.4% during the 3rd quarter. Wells Fargo & Company MN now owns 319,639 shares of the financial services provider’s stock worth $13,498,000 after buying an additional 92,023 shares during the last quarter. Institutional investors own 96.24% of the company’s stock.

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In other news, insider Stephen Donnarumma sold 4,713 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $41.83, for a total transaction of $197,144.79. Following the completion of the sale, the insider now owns 83,322 shares in the company, valued at approximately $3,485,359.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.54% of the stock is owned by company insiders.

Shares of NYSE AGO opened at $43.60 on Friday. The company has a market cap of $4.39 billion, a PE ratio of 9.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.49 and a quick ratio of 0.49. Assured Guaranty Ltd. has a 1 year low of $34.08 and a 1 year high of $43.84.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Assured Guaranty’s previous quarterly dividend of $0.16.

Separately, ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

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Assured Guaranty Profile

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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