The company is so far trading up by 1.69 percent from yesterday’s close. It is trading at $43.81 a bit higher than $40.23, the 50 day moving average and which is a tad above the 200 day moving average of $39.40. The 50 day moving average went up $3.54 or +8.81% whereas the 200 day moving average was up $4.37 or +11.10%.
Assured Guaranty Ltd. (NYSE:AGO) has been the object of insider buying and selling activity recently. Howard Albert, Chief Risk Officer let go of $470,280 worth of shares at an average price of $39.19 on Wed the 10th. The Chief Risk Officer now owns $6,165,155 of the stock as recorded in a recent Form 4 SEC filing. Chief Risk Officer Howard Albert sold 16,000 shares at an average price of $32.00 on Mon the 7th. Albert now owns $4,679,408 of stock as reported to the SEC.
Director Francisco L. Borges bought 222 shares at a price of $26.37 on August 23rd. That brings the Director’s holdings to $5,553,230 per an SEC filing yesterday.
Assured Guaranty Ltd., launched on August 21, 2003, 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. The Company 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. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. The Company guarantees obligations issued principally in the United States and the United Kingdom and also guarantees obligations issued in other countries and regions, including Australia and Western Europe. The Company also provides other forms of insurance that are in line with its risk profile and benefit from its underwriting experience..
Here are a few other firms who have also updated their positions. As of quarter end Bank Of Montreal /can/ had disposed of 2,210 shares trimming its stake by 22.1%. The value of the investment in AGO went from $370,000 to $324,000 a change of 12.4% quarter to quarter. Capital One, National Association added to its holdings by buying 1,567 shares an increase of 2.0% in the quarter. Capital One, National Association controls 79,682 shares with a value of $3,326,000. The value of the position overall is up by 14.7%.
Clearbridge Investments, LLC augmented its position by buying 496 shares an increase of 100.8% from 12/31/2016 to 03/31/2017. Clearbridge Investments, LLC now controls 988 shares valued at $37,000. The total value of its holdings increased 94.7%. As of the end of the quarter Mackenzie Financial Corp had bought a total of 37,800 shares growing its position 11.7%. The value of the company’s investment in Assured Guaranty Ltd. increased from $12,253,000 to $13,441,000 increasing 9.7% for the reporting period.
On November 9 Macquarie maintained a company rating of “Outperform” but moved up the price target from $32.00 to $33.00. On July 8, 2015 the stock rating was set at “Buy” in a report from BTIG Research a boost from the previous “Neutral” rating.
On June 29 the stock rating was downgraded from “Buy” to “Neutral” in a report issued by BTIG Research. June 8 investment analysts at Macquarie kept the company rating at “Outperform” but raised the price target to $34.00 from $32.00.
On May 14 Keefe Bruyette & Woods made no change to the company rating of “Outperform” and raised the price expectation from $32.00 to $35.00. Keefe Bruyette & Woods began coverage of AGO with a rating of “Outperform” and projecting a price target of $32.00.
Additionally the company recently announced a dividend paid on Wednesday May 31st, 2017. The dividend payment was $0.143 per share for the quarter which is $0.57 annualized. This dividend amount represented a yeild of $1.33. The ex-dividend date was set for Monday the 15th of May 2017.
The P/E ratio is 5.07 and market cap is 5.33B. As of the latest earnings report the EPS was $8.64 and is projected to be $4.45 for the current year with 121,759,000 shares outstanding. Next quarter’s EPS is forecasted at $0.75 with next year’s EPS projected to be $3.14.