The stock of Assured Guaranty Ltd. (NYSE:AGO) hit a new 52-week high and has $45.09 target or 51.00% above today’s $29.86 share price. The 5 months bullish chart indicates low risk for the $4.03B company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $45.09 price target is reached, the company will be worth $2.06 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 588,585 shares traded hands. Assured Guaranty Ltd. (NYSE:AGO) has risen 14.21% since March 16, 2016 and is uptrending. It has outperformed by 8.67% the S&P500.
Analysts await Assured Guaranty Ltd. (NYSE:AGO) to report earnings on November, 3.
Assured Guaranty Ltd. (NYSE:AGO) Ratings Coverage
Out of 3 analysts covering Assured Guaranty (NYSE:AGO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $40 is the highest target while $33 is the lowest. The $35.33 average target is 18.32% above today’s ($29.86) stock price. Assured Guaranty has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Monday, November 16, the company rating was maintained by M Partners. UBS maintained the stock with “Buy” rating in Tuesday, November 10 report. Zacks downgraded the shares of AGO in a report on Wednesday, August 12 to “Buy” rating. The company was maintained on Monday, November 9 by Macquarie Research.
According to Zacks Investment Research, “Assured Guaranty is a Bermuda-based holding company providing credit enhancement products to the municipal finance, structured finance and mortgage markets.”
Insitutional Activity: The institutional sentiment increased to 0.85 in Q2 2016. Its up 0.06, from 0.79 in 2016Q1. The ratio is positive, as 28 funds sold all Assured Guaranty Ltd. shares owned while 96 reduced positions. 24 funds bought stakes while 82 increased positions. They now own 113.29 million shares or 12.18% less from 129.00 million shares in 2016Q1.
Ascend Cap Ltd Liability has 570,974 shares for 0.95% of their US portfolio. Balasa Dinverno Foltz Limited Liability Company has 0.38% invested in the company for 83,647 shares. Stifel Finance Corporation last reported 166,821 shares in the company. Raymond James And Assocs last reported 0% of its portfolio in the stock. Advisors Asset Mngmt Inc has invested 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Gsa Capital Ltd Liability Partnership has invested 0.03% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). The Missouri-based Parkside State Bank And has invested 0.02% in Assured Guaranty Ltd. (NYSE:AGO). Parametric Portfolio Associate Ltd accumulated 0.01% or 198,429 shares. Ngam Advisors Ltd Partnership last reported 0.01% of its portfolio in the stock. Clinton Gp holds 0.14% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 129,223 shares. Blackrock last reported 257,459 shares in the company. Envestnet Asset Inc holds 18,631 shares or 0% of its portfolio. Blackrock Mngmt Limited Com owns 81,195 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl Incorporated last reported 0% of its portfolio in the stock. The Wisconsin-based State Of Wisconsin Inv Board has invested 0.01% in Assured Guaranty Ltd. (NYSE:AGO).
Insider Transactions: Since May 13, 2016, the stock had 2 buys, and 0 sales for $332,319 net activity. BORGES FRANCISCO L bought $6,019 worth of Assured Guaranty Ltd. (NYSE:AGO) on Monday, May 23. FREDERICO DOMINIC had bought 13,000 shares worth $326,300 on Friday, May 13.
More notable recent Assured Guaranty Ltd. (NYSE:AGO) news were published by: Businesswire.com which released: “Assured Guaranty Ltd. Reports Results for Second Quarter 2016” on August 03, 2016, also Moodys.com with their article: “Moody’s affirms Assured Guaranty’s ratings; AGC’s outlook changed to stable” published on August 09, 2016, Businesswire.com published: “Assured Guaranty Ltd. to Report Second Quarter 2016 Financial Results on …” on July 21, 2016. More interesting news about Assured Guaranty Ltd. (NYSE:AGO) were released by: Businesswire.com and their article: “Assured Guaranty Files Suit to Stop Puerto Rico’s “Clawback”” published on January 08, 2016 as well as Businesswire.com‘s news article titled: “Assured Guaranty Responds to Puerto Rico Governor’s Comment on Insurers’ Suit …” with publication date: January 11, 2016.
AGO Company Profile
Assured Guaranty Ltd., incorporated on August 21, 2003, is a holding company. The Firm provides, through its subsidiaries, credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. The Firm markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors. It conducts its financial guaranty business on a direct basis through the companies, including Assured Guaranty Municipal Corp. (AGM), Municipal Assurance Corp. (MAC), Assured Guaranty Corp. (AGC), Assured Guaranty (Europe) Ltd. (AGE) and Assured Guaranty Re Ltd. (AG Re).
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