Assured Guaranty’s (AGO) Buy Rating Reaffirmed at BTIG Research
Assured Guaranty Ltd. (NYSE:AGO)‘s stock had its “buy” rating restated by analysts at BTIG Research in a report released on Friday. They presently have a $49.00 price target on the financial services provider’s stock. BTIG Research’s target price points to a potential upside of 10.34% from the company’s current price.
Several other analysts have also recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 price target on shares of Assured Guaranty in a research note on Thursday, April 6th. BidaskClub raised shares of Assured Guaranty from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th.
Assured Guaranty (AGO) traded up 0.86% during trading on Friday, hitting $44.41. The stock had a trading volume of 528,529 shares. Assured Guaranty has a 52 week low of $25.14 and a 52 week high of $44.54. The stock has a 50-day moving average price of $40.23 and a 200-day moving average price of $39.40. The company has a market cap of $5.41 billion, a PE ratio of 5.14 and a beta of 1.66.
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In other Assured Guaranty news, insider Howard Albert sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $39.19, for a total value of $470,280.00. Following the transaction, the insider now directly owns 169,314 shares of the company’s stock, valued at $6,635,415.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.62% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in AGO. Glen Harbor Capital Management LLC boosted its position in shares of Assured Guaranty by 161.2% in the first quarter. Glen Harbor Capital Management LLC now owns 164,492 shares of the financial services provider’s stock worth $6,104,000 after buying an additional 101,524 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Assured Guaranty by 7.6% in the first quarter. ProShare Advisors LLC now owns 19,221 shares of the financial services provider’s stock worth $713,000 after buying an additional 1,352 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Assured Guaranty during the first quarter worth about $394,000. Quantitative Systematic Strategies LLC boosted its position in shares of Assured Guaranty by 56.6% in the first quarter. Quantitative Systematic Strategies LLC now owns 46,354 shares of the financial services provider’s stock worth $1,720,000 after buying an additional 16,757 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Assured Guaranty by 39.3% in the first quarter. Bank of Montreal Can now owns 293,179 shares of the financial services provider’s stock worth $10,880,000 after buying an additional 82,686 shares during the last quarter. 99.30% of the stock is currently owned by hedge funds and other institutional investors.
Assured Guaranty Company Profile
Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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