Assured Guaranty Target of Unusually High Options Trading (AGO)
Assured Guaranty (NYSE:AGO) was the target of unusually large options trading on Monday. Traders purchased 11,685 call options on the stock, AmericanBankingNews.com reports. This represents an increase of 376% compared to the typical daily volume of 2,456 call options.
Several analysts have recently commented on the stock. Analysts at RBC Capital upgraded shares of Assured Guaranty from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, January 27th. They now have a $13.00 price target on the stock, down previously from $15.00. Separately, analysts at Zacks upgraded shares of Assured Guaranty from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $25.40 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Assured Guaranty from $30.00 to $35.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.77.
Assured Guaranty (NYSE:AGO) traded up 2.07% during mid-day trading on Monday, hitting $22.63. 3,490,858 shares of the company’s stock traded hands. Assured Guaranty has a 1-year low of $17.80 and a 1-year high of $24.81. The stock’s 50-day moving average is $22.37 and its 200-day moving average is $21.44. The company has a market cap of $4.117 billion and a price-to-earnings ratio of 7.94.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 5th. Investors of record on Wednesday, February 19th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, February 14th.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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