The stock of Assured Guaranty Ltd. (NYSE:AGO) reached all time high today, Nov, 28 and still has $36.67 target or 4.00% above today’s $35.26 share price. This indicates more upside for the $4.62B company. This technical setup was reported by Barchart.com. If the $36.67 PT is reached, the company will be worth $184.80M 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. The stock decreased 0.48% or $0.17 during the last trading session, hitting $35.26. About 1.06M shares traded hands or 3.92% up from the average. Assured Guaranty Ltd. (NYSE:AGO) has risen 36.22% since April 25, 2016 and is uptrending. It has outperformed by 30.20% the S&P500.
Analysts await Assured Guaranty Ltd. (NYSE:AGO) to report earnings on February, 23.
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. The stock has “Buy” rating given by Zacks on Wednesday, August 12. The firm earned “Buy” rating on Monday, November 16 by M Partners. The rating was maintained by Macquarie Research with “Outperform” on Monday, November 9. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Buy” rating given on Tuesday, November 10 by UBS.
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 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.
Moreover, Price T Rowe Associate Md has 0.03% invested in Assured Guaranty Ltd. (NYSE:AGO) for 4.92 million shares. Farmers Merchants Investments has invested 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Lsv Asset Mngmt, a Illinois-based fund reported 769,931 shares. Hbk Invests Limited Partnership holds 0.02% or 104,300 shares in its portfolio. Meeder Asset Management Inc has 0.13% invested in the company for 55,092 shares. Moreover, Allianz Asset Management Ag has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 81,932 shares. The Georgia-based Signaturefd Ltd has invested 0% in Assured Guaranty Ltd. (NYSE:AGO). Jefferies Group has 0% invested in the company for 115 shares. Aperio Limited Liability Company has 0.13% invested in the company for 650,792 shares. Voya Investment Limited Company has invested 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Los Angeles & Equity Inc holds 231,450 shares or 0.05% of its portfolio. Massachusetts Fin Svcs Ma reported 128,364 shares or 0% of all its holdings. Dimensional Fund Advisors Limited Partnership has 4.12M shares for 0.06% of their US portfolio. National Bank & Trust Of America Corporation De holds 0% or 650,487 shares in its portfolio. Principal Grp accumulated 0.02% or 702,904 shares.
Insider Transactions: Since November 7, 2016, the stock had 0 buys, and 1 sale for $512,000 net activity. On Monday, November 7 the insider Albert Howard sold $512,000.
More news for Assured Guaranty Ltd. (NYSE:AGO) were recently published by: Moodys.com, which released: “Moody’s affirms Assured Guaranty’s ratings; AGC’s outlook changed to stable” on August 09, 2016. Businesswire.com‘s article titled: “Assured Guaranty Ltd. Reports Results for Third Quarter 2016” and published on November 03, 2016 is yet another important article.
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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