In a recent transaction, Laura Bieling, Chief Accounting Officer of Assured Guaranty Ltd (NYSE:AGO), sold 3,901 shares of the company's stock. The shares were sold at an average price of $79.93, totaling approximately $311,806. The sale was made public through a Form 4 filing with the Securities and Exchange Commission.
The transaction took place on May 9, 2024, and the shares were sold at prices ranging from $79.71 to $80.00 per share. Following the sale, Laura Bieling still owns 16,036 shares of Assured Guaranty Ltd, directly.
Assured Guaranty Ltd, a financial guaranty insurance company, is known for providing credit protection products to the public finance, structured finance, and mortgage markets.
Investors often monitor insider selling as it can provide insights into an executive's perspective on the company's current valuation or future prospects. However, it is important to consider that insider transactions can be subject to various personal financial needs and strategies, and may not always indicate a bearish outlook on the company's future.
The details of the transaction, including the exact number of shares sold at each price within the range, will be made available upon request to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission as stated by the reporting person.
InvestingPro Insights
Amid the news of insider selling at Assured Guaranty Ltd (NYSE:AGO), current and potential investors might be looking for additional context to understand the company's financial health and future prospects. According to InvestingPro data, Assured Guaranty has a market capitalization of $4.31 billion and is trading at a P/E ratio of 6, which suggests that the stock may be undervalued compared to its earnings.
Furthermore, Assured Guaranty has demonstrated strong financial performance with revenue growth of 45.56% over the last twelve months as of Q1 2024. This impressive revenue growth is complemented by a robust gross profit margin of 82.7%, indicating efficient management of its cost of goods sold and strong pricing power.
InvestingPro Tips highlight that Assured Guaranty management has been actively repurchasing shares, which can be a signal of confidence in the company's value. Additionally, the company has not only maintained but also raised its dividend for 12 consecutive years, showcasing a commitment to returning value to shareholders. This consistent dividend growth is an attractive feature for income-focused investors, especially considering the current dividend yield of 1.55%.
For those interested in exploring further, there are additional InvestingPro Tips available, which can provide deeper insights into Assured Guaranty's valuation, performance, and market expectations. For instance, while analysts anticipate a sales decline in the current year, the company is still expected to remain profitable. Moreover, Assured Guaranty has been profitable over the last twelve months and has provided a high return over the last year as well as the last decade.
Investors looking for a comprehensive analysis can find a total of 11 InvestingPro Tips on Assured Guaranty at https://www.investing.com/pro/AGO. And for those ready to dive deeper, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more expert analysis and data to inform your investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.