Breaking: Time to Reconsider Assured Guaranty Ltd. After Reaching 52-Week High?

Breaking: Time to Reconsider Assured Guaranty Ltd. After Reaching 52 Week High?

The stock of Assured Guaranty Ltd. (NYSE:AGO) hit a new 52-week high and has $50.84 target or 45.00% above today’s $35.06 share price. The 8 months bullish chart indicates low risk for the $4.61B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $50.84 price target is reached, the company will be worth $2.07 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 62,665 shares traded hands. Assured Guaranty Ltd. (NYSE:AGO) has risen 39.18% since April 12, 2016 and is uptrending. It has outperformed by 34.20% 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 0.77% above today’s ($35.06) 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”. On Monday, November 16 the stock rating was maintained by M Partners with “Buy”. UBS maintained Assured Guaranty Ltd. (NYSE:AGO) on Tuesday, November 10 with “Buy” rating. The rating was downgraded by Zacks on Wednesday, August 12 to “Buy”.

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.
Moreover, Acadian Asset Management Limited Liability has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 9 shares. Putnam Invs Limited Liability accumulated 0.31% or 4.97 million shares. Blackrock Investment Mngmt Ltd Com reported 81,195 shares or 0% of all its holdings. Thompson Siegel Walmsley Ltd Llc owns 1.76M shares or 0.7% of their US portfolio. Federated Investors Pa owns 247,520 shares or 0.02% of their US portfolio. Susquehanna Int Group Llp last reported 0% of its portfolio in the stock. Millennium Management Limited Liability last reported 13,674 shares in the company. M last reported 2.31% of its portfolio in the stock. Huntington Retail Bank, a Ohio-based fund reported 243 shares. Gotham Asset Mgmt Ltd Liability Company reported 8,968 shares or 0% of all its holdings. Goldman Sachs Group Inc, a New York-based fund reported 1.91M shares. The Maryland-based Price T Rowe Associates Md has invested 0.03% in Assured Guaranty Ltd. (NYSE:AGO). Tegean Capital holds 7.41% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 400,000 shares. Quantitative Systematic Strategies Ltd Llc last reported 31,082 shares in the company. Calvert holds 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 10,377 shares.

Insider Transactions: Since May 23, 2016, the stock had 1 buying transaction, and 1 insider sale for $505,981 net activity. BORGES FRANCISCO L bought 222 shares worth $6,019. On Monday, November 7 Albert Howard sold $512,000 worth of the stock or 16,000 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 Businesswire.com with their article: “Assured Guaranty Ltd. Reports Results for Second Quarter 2016” published on August 03, 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: 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 Nasdaq.com‘s news article titled: “Assured Guaranty Ltd. (AGO) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 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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