Price Don’t Lie: Assured Guaranty Ltd.’s Trend Up, Especially After Today’s 52-Week High Milestone

Price Don't Lie: Assured Guaranty Ltd.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Assured Guaranty Ltd. (NYSE:AGO) hit a new 52-week high and has $43.94 target or 35.00% above today’s $32.55 share price. The 6 months bullish chart indicates low risk for the $4.24 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $43.94 price target is reached, the company will be worth $1.48 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 195,397 shares traded hands. Assured Guaranty Ltd. (NYSE:AGO) has risen 36.26% since April 7, 2016 and is uptrending. It has outperformed by 31.48% 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. $40 is the highest target while $33 is the lowest. The $35.33 average target is 8.54% above today’s ($32.55) stock price. Assured Guaranty has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. M Partners maintained it with “Buy” rating and $40 target price in Monday, November 16 report. Macquarie Research maintained Assured Guaranty Ltd. (NYSE:AGO) on Monday, November 9 with “Outperform” rating. The company was maintained on Tuesday, November 10 by UBS. The stock has “Buy” rating given by Zacks 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 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.
Rocky Mountain Advisers Limited Liability owns 230 shares or 0.03% of their US portfolio. The United Kingdom-based Hsbc Holdings Public Ltd Co has invested 0% in Assured Guaranty Ltd. (NYSE:AGO). Farmers & Merchants Investments has 0% invested in the company for 35 shares. Invesco holds 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 1.12 million shares. Schwab Charles Investment has 0.02% invested in the company for 489,680 shares. Fifth Third Retail Bank has 0% invested in the company for 2,028 shares. State Of Wisconsin Invest Board has invested 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Jefferies Group Inc Ltd Company holds 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 115 shares. Boston last reported 1.20 million shares in the company. Brandywine Invest Mgmt Lc holds 0.08% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 458,120 shares. Moreover, Barclays Public Limited Co has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 51,681 shares. California State Teachers Retirement System owns 289,528 shares or 0.02% of their US portfolio. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Assured Guaranty Ltd. (NYSE:AGO). Parametric Port Assocs Lc last reported 198,429 shares in the company. Moreover, Nordea Investment Mgmt Ab has 0.01% invested in Assured Guaranty Ltd. (NYSE:AGO) for 119,870 shares.

Insider Transactions: Since May 13, 2016, the stock had 1 insider buy, and 1 sale for $505,981 net activity. 13,000 shares with value of $326,300 were bought by FREDERICO DOMINIC on Friday, May 13. 222 shares were bought by BORGES FRANCISCO L, worth $6,019. Albert Howard also sold $512,000 worth of Assured Guaranty Ltd. (NYSE:AGO) shares.

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 Streetinsider.com with their article: “Form 4 ASSURED GUARANTY LTD For: Nov 04 Filed by: Bailenson Robert” published on November 09, 2016, Businesswire.com published: “Assured Guaranty Files Suit to Stop Puerto Rico’s “Clawback”” on January 08, 2016. More interesting news about Assured Guaranty Ltd. (NYSE:AGO) were released by: Businesswire.com and their article: “Assured Guaranty Ltd. Reports Results for Second Quarter 2016” published on August 03, 2016 as well as Moodys.com‘s news article titled: “Moody’s affirms Assured Guaranty’s ratings; AGC’s outlook changed to stable” with publication date: August 09, 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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