Assured Guaranty Ltd. (NYSE:AGO) traded at a new 52-week high today of $51.30. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 611,000 shares.
Assured Guaranty Ltd. share prices have moved between a 52-week high of $51.30 and a 52-week low of $18.45 and are now trading 178% above that low price at $51.24 per share.
Assured Guaranty Ltd offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. In exchange for the insurance premiums the company collects, it is required to pay debtholders the amount of the shortfall in the event of default on a product it has insured. The company markets its insurance to issuers, underwriters, and investors in public finance and structured finance securities. Assured’s products guarantee a number of different types of public finance obligations, issued principally in the United States and the United Kingdom, but also in other regions such as Australia and Western Europe.
Assured Guaranty Ltd. (NYSE:AGO) defies analysts with a current price ($51.24) 4.6% above its average consensus price target of $48.91.
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