Investors Buy Large Volume of Put Options on Assured Guaranty (AGO)
Shares of Assured Guaranty (NYSE:AGO) were the recipient of some unusual options trading on Monday. Stock traders acquired 4,581 put options on the company, Analyst Ratings Network.com reports. This represents an increase of 635% compared to the average daily volume of 623 put options.
Separately, analysts at Zacks downgraded shares of Assured Guaranty from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 24th. They now have a $25.10 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Assured Guaranty currently has a consensus rating of “Hold” and a consensus target price of $24.82.
Shares of Assured Guaranty (NYSE:AGO) traded down 1.13% during mid-day trading on Monday, hitting $24.50. The stock had a trading volume of 3,081,474 shares. Assured Guaranty has a 1-year low of $17.80 and a 1-year high of $26.78. The stock’s 50-day moving average is $25.23 and its 200-day moving average is $24.09. The company has a market cap of $4.400 billion and a price-to-earnings ratio of 4.62.
Assured Guaranty (NYSE:AGO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $167.60 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 23.8% on a year-over-year basis. On average, analysts predict that Assured Guaranty will post $2.59 earnings per share for the current fiscal year.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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