Assured Guaranty Ltd (NYSE: AGO) is 6.32% higher on its value in year-to-date trading and has touched a low of $49.84 and a high of $96.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AGO stock was last observed hovering at around $81.26 in the last trading session, with the day’s loss setting it -1.7%.
Currently trading at $79.56, the stock is -9.19% and -8.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -2.09% at the moment leaves the stock 13.77% off its SMA200. AGO registered 47.72% gain for a year compared to 6-month gain of 32.03%. The firm has a 50-day simple moving average (SMA 50) of $5.93.
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The stock witnessed a -12.48% loss in the last 1 month and extending the period to 3 months gives it a 5.25%, and is -4.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.86% over the week and 1.93% over the month.
Assured Guaranty Ltd (AGO) has around 350 employees, a market worth around $4.42B and $858.00M in sales. Current P/E ratio is 6.36 and Fwd P/E is 11.79. Profit margin for the company is 86.13%. Distance from 52-week low is 59.62% and -17.64% from its 52-week high. The company has generated returns on investments over the last 12 months (9.20%).
Assured Guaranty Ltd quarterly earnings per share for the current quarter are estimated at $1.32 with sales reaching $193.27M over the same period.The EPS is expected to shrink by -46.38% this year, but quarterly earnings will post 127.30% year-over-year. Quarterly sales are estimated to grow 138.60% in year-over-year returns.
396 institutions hold shares in Assured Guaranty Ltd (AGO), with institutional investors hold 100.02% of the company’s shares. The shares outstanding are 56.22M, and float is at 52.19M with Short Float at 1.88%. Institutions hold 93.81% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.82 million shares valued at $436.24 million. The investor’s holdings represent 13.34% of the AGO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 7.0 million shares valued at $390.38 million to account for 11.94% of the shares outstanding. The other top investors are Putnam Investments LLC which holds 5.46 million shares representing 9.31% and valued at over $304.47 million, while Wellington Management Group, LLP holds 9.10% of the shares totaling 5.33 million with a market value of $297.47 million.
Assured Guaranty Ltd (AGO) Insider Activity
The most recent transaction is an insider sale by FREDERICO DOMINIC, the company’s President/CEO/Deputy Chairman. SEC filings show that FREDERICO DOMINIC sold 55,000 shares of the company’s common stock on Mar 20 ’24 at a price of $92.43 per share for a total of $5.08 million. Following the sale, the insider now owns 1.45 million shares.
Assured Guaranty Ltd disclosed in a document filed with the SEC on Dec 15 ’23 that BUHL G LAWRENCE (Director) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $71.26 per share for $0.18 million. Following the transaction, the insider now directly holds 43507.0 shares of the AGO stock.
Still, SEC filings show that on Dec 08 ’23, Donnarumma Stephen (Chief Credit Officer) disposed off 15,000 shares at an average price of $69.96 for $1.05 million. The insider now directly holds 94,774 shares of Assured Guaranty Ltd (AGO).
