The stock of Assured Guaranty Ltd. (NYSE:AGO) hit a new 52-week high and has $38.32 target or 21.00% above today’s $31.67 share price. The 7 months bullish chart indicates low risk for the $4.15B company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $38.32 price target is reached, the company will be worth $871.50 million 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 1.07M shares traded hands or 45.99% up from the average. Assured Guaranty Ltd. (NYSE:AGO) has risen 18.34% since April 4, 2016 and is uptrending. It has outperformed by 17.25% the S&P500.
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 11.56% above today’s ($31.67) stock price. Assured Guaranty has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by Macquarie Research on Monday, November 9 with “Outperform”. M Partners maintained Assured Guaranty Ltd. (NYSE:AGO) rating on Monday, November 16. M Partners has “Buy” rating and $40 price target. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Buy” rating given on Tuesday, November 10 by UBS. The firm has “Buy” rating by Zacks given on Wednesday, August 12.
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.
Jacobs Levy Equity Management has 0.04% invested in the company for 73,200 shares. Royal Bank & Trust Of Canada holds 104,241 shares or 0% of its portfolio. Clearbridge Ltd Liability Co has 297,611 shares for 0.15% of their US portfolio. Canada Pension Plan Board accumulated 0% or 6,600 shares. Schafer Cullen Capital last reported 0.02% of its portfolio in the stock. Neuberger Berman Grp Incorporated Ltd Liability Co last reported 0% of its portfolio in the stock. Cap One National Association accumulated 0.16% or 77,248 shares. Tci Wealth Advsr Incorporated reported 150 shares or 0% of all its holdings. Stifel Financial owns 166,821 shares or 0.02% of their US portfolio. Fdx last reported 0.02% of its portfolio in the stock. The Connecticut-based Aqr Cap Mgmt Lc has invested 0.09% in Assured Guaranty Ltd. (NYSE:AGO). Ubs Asset Mngmt Americas last reported 0.02% of its portfolio in the stock. Seizert Prtnrs Lc reported 2.20M shares or 2.12% of all its holdings. Millennium Mngmt has invested 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Credit Suisse Ag last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 13, 2016, the stock had 2 buys, and 0 insider sales for $332,319 net activity. BORGES FRANCISCO L bought 222 shares worth $6,019. $326,300 worth of shares were bought by FREDERICO DOMINIC 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 Third Quarter 2016” on November 03, 2016, also Businesswire.com with their article: “Assured Guaranty Ltd. Declares Quarterly Dividend of $0.13 Per Common Share” published on November 02, 2016, Seekingalpha.com published: “Assured Guaranty on the move after Q3 results” on November 04, 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 Ltd. Reports Results for Second Quarter 2016” with publication date: August 03, 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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