In a recent transaction, Robert Bailenson, the Chief Operating Officer of Assured Guaranty Ltd. (NYSE:AGO), sold a significant number of shares in the company. The transaction, which took place on May 9, 2024, involved the sale of 29,431 common shares at an average price of $79.92 and 569 common shares at $81.00, amounting to a total value of over $2.3 million.
The sales were executed within a price range of $79.52 to $80.41 for the larger batch of shares, and between $80.52 to $81.36 for the smaller group, as per the weighted average sale price reported. Following these transactions, Bailenson's holdings in Assured Guaranty Ltd. are adjusted to 304,835.0819 common shares.
Investors often monitor the buying and selling activities of company insiders such as executives and directors to gain insight into the company's financial health and future prospects. These transactions are publicly disclosed to ensure transparency and provide valuable information for market participants.
Assured Guaranty Ltd., known for its work in the surety insurance industry, remains a notable player in the financial sector. The transactions come at a time when insider trading activities are closely watched for indications of an executive's confidence in the company's performance and outlook.
The disclosed sales are part of the routine filings with the Securities and Exchange Commission, which require insiders to report their transactions in company securities. Interested parties can access full details of the transactions upon request, including the number of shares sold at each separate price within the disclosed range.
For investors following Assured Guaranty's stock, the recent insider sales by the COO will likely be an area of focus as they assess the company's current position and anticipate its trajectory moving forward.
InvestingPro Insights
Assured Guaranty Ltd. (NYSE:AGO) has demonstrated a robust financial foundation, underscored by the company's aggressive share buyback strategy, as indicated by an InvestingPro Tip. This reflects management's confidence in the company's intrinsic value and future prospects. Moreover, Assured Guaranty has maintained a high shareholder yield, which is a testament to its commitment to rewarding investors. The company's consistent dividend increases over the past 12 years, coupled with a remarkable 21-year streak of dividend payments, underscore its financial stability and investor-friendly approach.
On the data front, Assured Guaranty's market capitalization stands at $4.31 billion, with a compelling price-to-earnings (P/E) ratio of 6, which suggests that the stock may be undervalued when compared to industry peers. The adjusted P/E ratio for the last twelve months as of Q1 2024 is 9.52, providing a more nuanced view of the company's earnings over time. Additionally, the company boasts a strong gross profit margin of 82.7% in the same period, highlighting its ability to manage costs effectively and maintain profitability.
For those interested in further analysis, InvestingPro offers additional InvestingPro Tips for Assured Guaranty Ltd., which can be accessed at https://www.investing.com/pro/AGO. Readers looking to deepen their investment strategies can take advantage of a special offer: use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With this subscription, investors can gain access to a total of 11 insightful InvestingPro Tips that can help inform their investment decisions regarding Assured Guaranty Ltd.
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