Price Action to Note: Does Assured Guaranty Ltd. Have More Gas After Achieving Record High?

Price Action to Note: Does Assured Guaranty Ltd. Have More Gas After Achieving Record High?

The stock of Assured Guaranty Ltd. (NYSE:AGO) reached all time high today, Nov, 7 and still has $40.37 target or 27.00% above today’s $31.79 share price. This indicates more upside for the $4.17 billion company. This technical setup was reported by Barchart.com. If the $40.37 PT is reached, the company will be worth $1.13B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 405,062 shares traded hands. Assured Guaranty Ltd. (NYSE:AGO) has risen 28.43% since April 5, 2016 and is uptrending. It has outperformed by 26.48% 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. 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. The stock of Assured Guaranty Ltd. (NYSE:AGO) earned “Outperform” rating by Macquarie Research on Monday, November 9. UBS maintained it with “Buy” rating and $33 target price in Tuesday, November 10 report. Zacks downgraded Assured Guaranty Ltd. (NYSE:AGO) on Wednesday, August 12 to “Buy” rating.

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 improved, 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.
The Pennsylvania-based Schneider Cap Mgmt has invested 2.86% in Assured Guaranty Ltd. (NYSE:AGO). Ahl Prtn Llp has 0.07% invested in the company for 51,329 shares. Clear Harbor Asset Mgmt Lc holds 0.18% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 32,155 shares. Moreover, Putnam Invs Ltd Com has 0.31% invested in Assured Guaranty Ltd. (NYSE:AGO) for 4.97M shares. Tudor Invest Et Al last reported 10,900 shares in the company. Dupont Corp holds 0.05% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 94,431 shares. Bokf Na holds 0.02% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 18,839 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.02% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Amalgamated National Bank last reported 0.03% of its portfolio in the stock. Creative Planning accumulated 21,963 shares or 0% of the stock. M Incorporated accumulated 2.31% or 178,216 shares. Teachers Advisors has 0.01% invested in the company for 138,503 shares. Boston Prtn has 0.04% invested in the company for 1.20M shares. Thornburg Investment Inc last reported 0.21% of its portfolio in the stock. The New York-based Venor Capital Management L P has invested 5.13% in Assured Guaranty Ltd. (NYSE:AGO).

Insider Transactions: Since May 13, 2016, the stock had 2 insider purchases, and 0 sales for $332,319 net activity. BORGES FRANCISCO L had bought 222 shares worth $6,019. FREDERICO DOMINIC bought 13,000 shares worth $326,300.

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 Files Suit to Stop Puerto Rico’s “Clawback”” published on January 08, 2016, Businesswire.com published: “Assured Guaranty Ltd. Reports Results for Second Quarter 2016” on August 03, 2016. More interesting news about Assured Guaranty Ltd. (NYSE:AGO) were released by: Moodys.com and their article: “Moody’s affirms Assured Guaranty’s ratings; AGC’s outlook changed to stable” published on August 09, 2016 as well as Businesswire.com‘s news article titled: “Assured Guaranty to Acquire MBIA UK Insurance Limited” with publication date: September 29, 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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