Cambria Investment Management L.P. trimmed its holdings in shares of Assured Guaranty Ltd. (NYSE:AGO) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,293 shares of the financial services provider’s stock after selling 3,099 shares during the period. Cambria Investment Management L.P.’s holdings in Assured Guaranty were worth $1,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Assured Guaranty during the 4th quarter worth $30,000. Captrust Financial Advisors raised its stake in shares of Assured Guaranty by 164.1% during the 4th quarter. Captrust Financial Advisors now owns 1,141 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 709 shares during the period. Global Retirement Partners LLC increased its holdings in Assured Guaranty by 17.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,692 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 253 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Assured Guaranty by 20.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,810 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 307 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in Assured Guaranty in the 4th quarter worth about $77,000. Institutional investors own 98.00% of the company’s stock.

Shares of AGO opened at $42.21 on Thursday. Assured Guaranty Ltd. has a fifty-two week low of $34.93 and a fifty-two week high of $47.97. The stock has a market capitalization of $4.25 billion, a P/E ratio of 10.96 and a beta of 1.04. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.18.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Assured Guaranty had a return on equity of 6.25% and a net margin of 41.81%. The company had revenue of $234.00 million during the quarter, compared to analyst estimates of $228.29 million. During the same quarter last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was down 20.1% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, May 21st.

Separately, MKM Partners lifted their price objective on Assured Guaranty to $65.00 and gave the stock a “buy” rating in a report on Friday, May 10th.

In related news, Director G Lawrence Buhl sold 3,873 shares of Assured Guaranty stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $43.77, for a total value of $169,521.21. Following the completion of the sale, the director now owns 59,352 shares of the company’s stock, valued at approximately $2,597,837.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.81% of the company’s stock.

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About Assured Guaranty

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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Institutional Ownership by Quarter for Assured Guaranty (NYSE:AGO)

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