The stock of Assured Guaranty Ltd. (NYSE:AGO) hit a new 52-week high and has $36.45 target or 3.00% above today’s $35.39 share price. The 6 months bullish chart indicates low risk for the $4.64 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $36.45 price target is reached, the company will be worth $139.20 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 446,626 shares traded hands. 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. $40 is the highest target while $33 is the lowest. The $35.33 average target is -0.17% below today’s ($35.39) stock price. Assured Guaranty has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Zacks given on Wednesday, August 12. The stock of Assured Guaranty Ltd. (NYSE:AGO) earned “Buy” rating by UBS on Tuesday, November 10. The rating was maintained by Macquarie Research with “Outperform” on Monday, November 9. The firm has “Buy” rating given on Monday, November 16 by M Partners.
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 2016 Q2. 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.
Los Angeles Capital Mngmt And Equity Rech accumulated 231,450 shares or 0.05% of the stock. Dimensional Fund Advsrs Lp has 0.06% invested in the company for 4.12M shares. Guggenheim Ltd Liability Co accumulated 548,217 shares or 0.04% of the stock. Morgan Stanley has invested 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Ejf Capital Limited Liability Co has 500,000 shares for 1.19% of their US portfolio. Teachers Incorporated holds 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 138,503 shares. Cipher Cap Limited Partnership holds 0.35% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 195,079 shares. Vanguard Grp Inc Inc has invested 0.02% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). First Republic Investment has 0.01% invested in the company for 31,609 shares. Mackenzie Finance, a Ontario – Canada-based fund reported 31,216 shares. Connor Clark & Lunn Mgmt reported 431,725 shares or 0.08% of all its holdings. Ngam L P has 0.01% invested in the company for 27,601 shares. Moreover, Tower Research Cap Ltd Liability Com (Trc) has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 209 shares. Alyeska Investment Grp Limited Partnership reported 1.01 million shares or 0.26% of all its holdings. Timessquare Capital Llc holds 0.52% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 3.12 million shares.
Insider Transactions: Since November 7, 2016, the stock had 0 insider purchases, and 1 insider sale for $512,000 net activity. Albert Howard had sold 16,000 shares worth $512,000 on Monday, November 7.
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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