The stock of Assured Guaranty Ltd. (NYSE:AGO) reached all time high today, Nov, 14 and still has $56.47 target or 62.00% above today’s $34.86 share price. This indicates more upside for the $4.59B company. This technical setup was reported by Barchart.com. If the $56.47 PT is reached, the company will be worth $2.85 billion 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 727,683 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. Assured Guaranty has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was downgraded by Zacks. The rating was maintained by UBS with “Buy” on Tuesday, November 10. Macquarie Research maintained Assured Guaranty Ltd. (NYSE:AGO) rating on Monday, November 9. Macquarie Research has “Outperform” rating and $33 price target. The firm has “Buy” rating by M Partners given on Monday, November 16.
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 increased, 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.
Quantitative Systematic Strategies Lc accumulated 31,082 shares or 0.36% of the stock. California State Teachers Retirement System holds 289,528 shares or 0.02% of its portfolio. Millennium Mgmt Ltd Co holds 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 13,674 shares. The Indiana-based Old Natl Bancshares In has invested 0.02% in Assured Guaranty Ltd. (NYSE:AGO). Americafirst Capital Mgmt Ltd Com has 27,807 shares for 0% of their US portfolio. Ubs Asset Management Americas accumulated 0.02% or 824,125 shares. Amp owns 14,184 shares or 0% of their US portfolio. Allianz Asset Management Ag reported 81,932 shares or 0% of all its holdings. Analytic Investors Lc accumulated 0.16% or 523,351 shares. The Georgia-based Suntrust Banks has invested 0% in Assured Guaranty Ltd. (NYSE:AGO). Barclays Public Ltd Co holds 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 51,681 shares. The Florida-based Raymond James Financial Services Advsr has invested 0% in Assured Guaranty Ltd. (NYSE:AGO). The New York-based Gotham Asset Management Ltd has invested 0% in Assured Guaranty Ltd. (NYSE:AGO). First Republic Investment Mngmt Incorporated last reported 0.01% of its portfolio in the stock. Moreover, Checchi Advisers Ltd Llc has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 496 shares.
Insider Transactions: Since May 23, 2016, the stock had 1 buying transaction, and 1 insider sale for $505,981 net activity. 16,000 shares with value of $512,000 were sold by Albert Howard on Monday, November 7. BORGES FRANCISCO L bought $6,019 worth of stock.
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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