Shares of the company are trading at $44.08 marginally over $40.23, the stock’s 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 by +9.58% whereas the 200 day moving average was up $4.68 or +11.89%. Assured Guaranty Ltd. shares had a trading volume of 812K in the last trading session. Trading volume was up 6.29% over the stocks average daily volume.
There has been some buying and selling insider activity on Assured Guaranty Ltd. (NYSE:AGO) recently. Chief Risk Officer Howard Albert let go of 12,000 shares at an average price of $39.19 on May 10th. Albert now owns $6,165,155 of stock as recorded in a recent Form 4 SEC filing. Howard Albert, Chief Risk Officer reported the sale of 16,000 shares. The shares were purchased at an average price of $32.00. Albert now owns $4,679,408 of the stock according to the SEC filing.
Francisco L. Borges, Director disclosed the purchase of 222 shares of (AGO). The shares were bought on August 23rd for a price of $26.37. The Director now owns $5,553,230 of the stock per the Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Clinton Group Inc had acquired a total of 57,597 shares growing its position 500.0%. The value of the total investment in Assured Guaranty Ltd. went from $320,000 to $2,564,000 a change of $2,244,000 quarter over quarter. As of the end of the quarter Creative Planning had bought 860 shares growing its holdings by 11.4%. The value of the investment in (AGO) increased from $279,000 to $350,000 increasing 25.4% for the reporting period.
Spiderrock Advisors LLC added to its holdings by buying 100 shares an increase of 10.0% from 03/31/2017 to 06/30/2017. Spiderrock Advisors LLC now controls 1,100 shares valued at $3,000. The value of the position overall is up by 50.0%. As of quarter end Bank Of Montreal /can/ had disposed of a total of 2,210 shares trimming its stake by 22.1%. The value in dollars decreased from $370,000 to $324,000 a change of 12.4% since the last quarter.
On November 9 Macquarie held the company rating at “Outperform” but raised the price expectation from $32.00 to $33.00. On July 8 the company was changed to a “Buy” by BTIG Research which was a boost from the previous “Neutral” rating.
On June 29 the stock rating was downgraded to “Neutral” from “Buy” by analysts at BTIG Research. June 8 investment analysts at Macquarie made no change to the company rating of “Outperform” but raised the price target to $34.00 from $32.00.
May 14 investment analysts at Keefe Bruyette & Woods left the company rating at “Outperform” and moved up the price target to $35.00 from $32.00. On September 2 analysts at Keefe Bruyette & Woods added AGO to its research portfolio giving it an initial rating of “Outperform” and establishing a price target of $32.00.
The company is trading up since yesterday’s close of $43.08. Additionally the company declared a dividend for shareholders that was paid on Wednesday May 31st, 2017. The dividend payment was $0.143 per share for the quarter or $0.57 annualized. This dividend represents a yeild of $1.31 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 15th of May 2017.
The company currently has a P/E ratio of 5.10 and market cap is 5.37B. In the last earnings report the EPS was $8.64 and is expected to be $4.45 for the current year with 121,759,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.75 and the next full year EPS is projected to be $3.14.
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..