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Assured Guaranty Ltd (AGO) receives an Outperform rating from Keefe Bruyette

In a filing, Assured Guaranty Ltd revealed its President/CEO/Deputy Chairman FREDERICO DOMINIC unloaded Company’s shares for reported $3.12 million on Jun 20 ’24. In the deal valued at $78.12 per share,40,000 shares were sold. As a result of this transaction, FREDERICO DOMINIC now holds 1,410,824 shares worth roughly $105.13 million.

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Then, Bailenson Robert sold 30,000 shares, generating $2,398,215 in total proceeds. Upon selling the shares at $79.94, the Chief Operating Officer now owns 304,835 shares.

Before that, Bieling Laura sold 3,901 shares. Assured Guaranty Ltd shares valued at $311,807 were divested by the Chief Accounting Officer at a price of $79.93 per share. As a result of the transaction, Bieling Laura now holds 16,036 shares, worth roughly $1.2 million.

Keefe Bruyette upgraded its Assured Guaranty Ltd [AGO] rating to an Outperform from a a Mkt perform in a research note published on July 09, 2024; the price target was increased to $92 from $87. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Compass Point began covering AGO with “Buy” recommendation on November 28, 2022. UBS revised its rating on April 05, 2022. It rated AGO as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AGO

On Tuesday, Assured Guaranty Ltd [NYSE:AGO] saw its stock fall -0.21% to $74.52. Over the last five days, the stock has lost -3.26%. Assured Guaranty Ltd shares have fallen nearly -0.41% since the year began. Nevertheless, the stocks have risen 23.81% over the past one year. While a 52-week high of $96.60 was reached on 02/28/24, a 52-week low of $56.77 was recorded on 08/08/24. SMA at 50 days reached $78.22, while 200 days put it at $77.94.

Levels Of Support And Resistance For AGO Stock

The 24-hour chart illustrates a support level at 73.99, which if violated will result in even more drops to 73.47. On the upside, there is a resistance level at 75.40. A further resistance level may holdings at 76.29. The Relative Strength Index (RSI) on the 14-day chart is 37.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.30%. Stochastics%K at 16.61% indicates the stock is a buying.

How much short interest is there in Assured Guaranty Ltd?

A steep rise in short interest was recorded in Assured Guaranty Ltd stocks on , dropping by -0.14 million shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.91 million shares. There was a decline of -17.98%, which implies that there is a negative sentiment for the stock.

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