Sequoia Financial Advisors LLC Makes New $211,000 Investment in Assured Guaranty Ltd. (NYSE:AGO)

Sequoia Financial Advisors LLC purchased a new position in Assured Guaranty Ltd. (NYSE:AGOFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,482 shares of the financial services provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Group Holdings Inc. boosted its stake in Assured Guaranty by 275.2% during the first quarter. Advisor Group Holdings Inc. now owns 6,716 shares of the financial services provider’s stock valued at $424,000 after buying an additional 4,926 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Assured Guaranty by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 107,275 shares of the financial services provider’s stock worth $6,829,000 after acquiring an additional 15,838 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Assured Guaranty during the 1st quarter valued at approximately $203,000. American Century Companies Inc. increased its position in Assured Guaranty by 27.4% in the first quarter. American Century Companies Inc. now owns 12,756 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 2,747 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of Assured Guaranty by 35.8% in the 1st quarter. Natixis Advisors L.P. now owns 20,426 shares of the financial services provider’s stock worth $1,300,000 after buying an additional 5,388 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Assured Guaranty Stock Up 0.2 %

NYSE AGO opened at $82.23 on Monday. The company has a fifty day moving average of $76.20 and a two-hundred day moving average of $66.79. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.93 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.32. Assured Guaranty Ltd. has a 52 week low of $45.21 and a 52 week high of $83.43.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on Assured Guaranty from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, November 17th.

Get Our Latest Report on Assured Guaranty

Insider Activity at Assured Guaranty

In other Assured Guaranty news, CEO Dominic Frederico sold 20,484 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $68.70, for a total value of $1,407,250.80. Following the completion of the sale, the chief executive officer now owns 1,330,509 shares of the company’s stock, valued at $91,405,968.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Stephen Donnarumma sold 15,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $69.96, for a total transaction of $1,049,400.00. Following the completion of the sale, the insider now directly owns 94,774 shares of the company’s stock, valued at $6,630,389.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dominic Frederico sold 20,484 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $68.70, for a total transaction of $1,407,250.80. Following the completion of the transaction, the chief executive officer now directly owns 1,330,509 shares in the company, valued at approximately $91,405,968.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,984 shares of company stock worth $2,634,801. Insiders own 3.82% of the company’s stock.

Assured Guaranty Company Profile

(Free Report)

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

See Also

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

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