Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Assured Guaranty Ltd. shares valued at $4,920,042 were sold by FREDERICO DOMINIC on Jun 27. At $57.21 per share, FREDERICO DOMINIC sold 86,000 shares. The insider’s holdings dropped to 1,278,541 shares worth approximately $64.03 million following the completion of this transaction.
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Also, BUHL G LAWRENCE sold 3,643 shares, netting a total of over 236,649 in proceeds. Following the sale of shares at $64.96 each, the insider now holds 44,761 shares.
Before that, Donnarumma Stephen had sold 25,000 shares from its account. In a trade valued at $1,520,000, the Chief Credit Officer traded Assured Guaranty Ltd. shares for $60.80 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $4.87 million.
As published in a research note from UBS on April 05, 2022, Assured Guaranty Ltd. [AGO] has been rated down from a Buy to a Neutral and the price target has been revised to $65 from $56. This represents a 22.95% premium over Thursday’s closing price. As of February 28, 2017, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for AGO. Earlier on November 16, 2015, MKM Partners resumed its rating. Their recommendation was “a Buy” for AGO stock.
Analyzing AGO’s Price Performance
On Thursday, Assured Guaranty Ltd. [NYSE: AGO] plunged -14.92% to $50.08. The stock’s lowest price that day was $50.00, but it reached a high of $56.1922 in the same session. During the last five days, there has been a drop of approximately -12.60%. Over the course of the year, Assured Guaranty Ltd. shares have dropped approximately -0.24%. Shares of the company reached a 52-week high of $65.68 on 03/30/22 and a 52-week low of $49.40 on 01/24/22. A 50-day SMA is recorded $56.47, while a 200-day SMA reached $55.82. Nevertheless, trading volume fell to 1.44 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Assured Guaranty Ltd. (AGO)
According to the 24-hour chart, there is a support level at 47.99, which, if violated, would cause prices to drop to 45.90. In the upper region, resistance lies at 54.18. The next price resistance is at 58.28. RSI (Relative Strength Index) is 30.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.72, which suggests the price will decrease in the coming days. Percent R is at 99.12%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Assured Guaranty Ltd. subject to short interest?
Stocks of Assured Guaranty Ltd. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.74 million shares to 1.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.84 million shares. A decline of -67.27% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.41 of the overall float, the days-to-cover ratio (short ratio) decline to 2.41.
Which companies own the most shares of Assured Guaranty Ltd. (AGO)?
According to BlackRock Fund Advisors filings, the company currently owns 8,636,279 shares, which is about 13.47% of the total AGO shares outstanding. The investor’s shares have appreciated by 86,928 from its previous 13-F filing of 8549351.0 shares. With the completion of the buy transaction, Putnam Investment Management LLC’s stake is now worth $443,250,267. The Vanguard Group, Inc. acquire a 5.60% interest valued at $437.12 million while Wellington Management Co. LLP sold a -208,286 stake. A total of 53,760 shares of Assured Guaranty Ltd. were sold by Dimensional Fund Advisors LP during the quarter, and -63,901 were sold by SSgA Funds Management, Inc. In its current portfolio, Thrivent Asset Management LLC holds 1,518,508 shares valued at $84.72 million.
In terms of Assured Guaranty Ltd. share price expectations, FactSet research, analysts set an average price target of $70.67 in the next 12 months, up nearly 13.83% from the previous closing price of $58.86. Analysts anticipate Assured Guaranty Ltd. stock to reach $80.00 by 2022, with the lowest price target being $65.00. In spite of this, 4 analysts ranked Assured Guaranty Ltd. stock as an Overweight at the end of 2022. On November 10, 2015, UBS assigned a price target of “a Buy” to the stock and reiterated coverage with a $33.