Yahoo Finance Insider Sale: COO Robert Bailenson Sells 30,000 Shares of Assured Guaranty Ltd (AGO)
On May 9, 2024, Robert Bailenson, Chief Operating Officer of Assured Guaranty Ltd (NYSE:AGO), sold 30,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, over the past year, the insider has sold a total of 60,000 shares and has not purchased any shares.
Assured Guaranty Ltd provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates through its subsidiaries, offering financial guaranty insurance that insures municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as bonds issued by non-U.S. entities.
The shares were sold at a price of $79.94, valuing the transaction at approximately $2,398,200. This sale occurred when the stock had a market cap of approximately $4.31 billion, with a price-earnings ratio of 6.16, which is lower than the industry median of 12.1.
The GF Value of the stock is $80.62, indicating a price-to-GF-Value ratio of 0.99, suggesting that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
Over the past year, there have been no insider buys and 9 insider sells at Assured Guaranty Ltd, indicating a trend of insider selling activities.
This insider sale could be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
