Cypress Wealth Advisors LLC Continues to Hold Position in Assured Guaranty Ltd. (AGO)
Cypress Wealth Advisors LLC held its stake in Assured Guaranty Ltd. (NYSE:AGO) during the first quarter, Holdings Channel reports. The fund owned 13,259 shares of the financial services provider’s stock at the end of the first quarter. Cypress Wealth Advisors LLC’s holdings in Assured Guaranty were worth $492,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of Assured Guaranty by 2.3% in the first quarter. Parallel Advisors LLC now owns 3,788 shares of the financial services provider’s stock valued at $144,000 after buying an additional 84 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Assured Guaranty during the first quarter valued at $205,000. Creative Planning boosted its stake in shares of Assured Guaranty by 36.7% in the first quarter. Creative Planning now owns 7,516 shares of the financial services provider’s stock valued at $279,000 after buying an additional 2,016 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Assured Guaranty by 16.8% in the first quarter. Advisors Asset Management Inc. now owns 7,967 shares of the financial services provider’s stock valued at $296,000 after buying an additional 1,147 shares in the last quarter. Finally, Strategic Global Advisors LLC acquired a new stake in shares of Assured Guaranty during the first quarter valued at $339,000. 99.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Assured Guaranty Ltd. (AGO) traded down 1.22% during mid-day trading on Wednesday, hitting $41.24. 869,165 shares of the company traded hands. The firm’s 50 day moving average price is $39.67 and its 200-day moving average price is $39.22. The stock has a market capitalization of $5.02 billion, a PE ratio of 4.77 and a beta of 1.74. Assured Guaranty Ltd. has a 1-year low of $23.42 and a 1-year high of $42.94.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, May 15th. Assured Guaranty’s dividend payout ratio is currently 6.57%.
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Several brokerages recently weighed in on AGO. BidaskClub raised shares of Assured Guaranty from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Assured Guaranty in a research note on Tuesday, February 28th. Finally, BTIG Research reissued a “buy” rating and issued a $49.00 price objective on shares of Assured Guaranty in a research note on Sunday, May 28th.
In related news, insider Howard Albert sold 12,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $39.19, for a total transaction of $470,280.00. Following the transaction, the insider now owns 169,314 shares of the company’s stock, valued at approximately $6,635,415.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.62% of the stock is currently owned by company insiders.
Assured Guaranty Company Profile
Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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