Live Stock Coverage: After Touching 52-Week High, Is Assured Guaranty Ltd.’s Near-Term Analysis Positive?

Live Stock Coverage: After Touching 52 Week High, Is Assured Guaranty Ltd.'s Near Term Analysis Positive?

The stock of Assured Guaranty Ltd. (NYSE:AGO) hit a new 52-week high and has $36.24 target or 3.00% above today’s $35.18 share price. The 9 months bullish chart indicates low risk for the $4.56B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $36.24 price target is reached, the company will be worth $136.80 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 69,091 shares traded hands. Assured Guaranty Ltd. (NYSE:AGO) has risen 31.85% since April 20, 2016 and is uptrending. It has outperformed by 27.30% 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 0.43% above today’s ($35.18) stock price. Assured Guaranty has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Buy” rating in Tuesday, November 10 report. The company was maintained on Monday, November 16 by M Partners. On Monday, November 9 the stock rating was maintained by Macquarie Research with “Outperform”. The rating was downgraded by Zacks to “Buy” 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 0.98 in Q2 2016. Its up 0.13, from 0.85 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.
Dupont Capital Mgmt Corp, a Delaware-based fund reported 94,431 shares. Capital Fund Management Sa accumulated 0.07% or 304,624 shares. Moreover, Thornburg Investment Mgmt has 0.21% invested in Assured Guaranty Ltd. (NYSE:AGO) for 1.07M shares. State Street Corporation owns 2.33 million shares or 0.01% of their US portfolio. Mackenzie last reported 31,216 shares in the company. Tiaa Cref Trust Co Fsb Mo holds 61,491 shares or 0.01% of its portfolio. Rocky Mountain Advisers Llc holds 0.03% or 230 shares in its portfolio. Citadel Advsrs Ltd Liability holds 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 232,581 shares. Jpmorgan Chase owns 494,135 shares or 0% of their US portfolio. Principal Financial Gp accumulated 0.02% or 702,904 shares. Moreover, Millennium Mngmt Limited Liability Company has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 13,674 shares. Dimensional Fund Advsr Ltd Partnership owns 4.12 million shares or 0.06% of their US portfolio. Wellington Mngmt Grp Limited Liability Partnership holds 0.08% or 12.02 million shares in its portfolio. Capstone Inv Ltd Limited Liability Company has 0.01% invested in the company for 27,891 shares. Capital One Association owns 77,248 shares or 0.16% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 1 insider sale for $512,000 net activity. Albert Howard also sold $512,000 worth of Assured Guaranty Ltd. (NYSE:AGO) on Monday, November 7. Shares for $6,019 were bought by BORGES FRANCISCO L.

More important recent Assured Guaranty Ltd. (NYSE:AGO) news were published by: Businesswire.com which released: “Assured Guaranty Files Suit to Stop Puerto Rico’s “Clawback”” on January 08, 2016, also Moodys.com published article titled: “Moody’s affirms Assured Guaranty’s ratings; AGC’s outlook changed to stable”, Businesswire.com published: “Assured Guaranty Responds to Puerto Rico Governor’s Comment on Insurers’ Suit …” on January 11, 2016. More interesting news about Assured Guaranty Ltd. (NYSE:AGO) was released by: Businesswire.com and their article: “Assured Guaranty Ltd. to Report Third Quarter 2016 Financial Results on …” with publication date: October 20, 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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