Assured Guaranty Ltd. (NYSE:AGO) Sees Significant Growth in Short Interest

Assured Guaranty Ltd. (NYSE:AGOGet Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 924,700 shares, a growth of 7.2% from the February 29th total of 862,500 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 328,000 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of Assured Guaranty from $64.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $92.00 price target (up previously from $75.00) on shares of Assured Guaranty in a research note on Monday.

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Assured Guaranty Price Performance

NYSE AGO traded up $0.02 on Wednesday, hitting $85.01. 156,509 shares of the company were exchanged, compared to its average volume of 361,942. The firm has a 50 day moving average of $86.64 and a two-hundred day moving average of $74.25. The company has a market cap of $4.71 billion, a P/E ratio of 6.85 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Assured Guaranty has a 1-year low of $49.32 and a 1-year high of $96.60.

Assured Guaranty (NYSE:AGOGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $4.57. Assured Guaranty had a return on equity of 11.82% and a net margin of 53.82%. The company had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $196.15 million. During the same period in the prior year, the business posted $0.22 EPS. Assured Guaranty’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts predict that Assured Guaranty will post 6 EPS for the current year.

Assured Guaranty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, March 5th. Assured Guaranty’s dividend payout ratio is 10.00%.

Insider Activity

In other Assured Guaranty news, CEO Dominic Frederico sold 55,000 shares of Assured Guaranty stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $92.43, for a total value of $5,083,650.00. Following the completion of the transaction, the chief executive officer now owns 1,450,824 shares of the company’s stock, valued at $134,099,662.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in shares of Assured Guaranty in the fourth quarter worth approximately $27,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Assured Guaranty during the fourth quarter worth $28,000. Quantbot Technologies LP purchased a new position in Assured Guaranty in the first quarter worth $30,000. Belpointe Asset Management LLC lifted its position in shares of Assured Guaranty by 106.0% during the 1st quarter. Belpointe Asset Management LLC now owns 651 shares of the financial services provider’s stock valued at $33,000 after buying an additional 335 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Assured Guaranty during the 4th quarter valued at $53,000. Institutional investors own 92.22% of the company’s stock.

Assured Guaranty Company Profile

(Get Free Report)

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.

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