Assured Guaranty Ltd. (NYSE:AGO) traded today at a new 52-week high of $47.71. This new high was reached on below average trading volume as 121,000 shares traded hands, while the average 30-day volume is approximately 600,000 shares.
Assured Guaranty Ltd. (NYSE:AGO) is currently priced 3.4% above its average consensus analyst price target of $45.90.
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.
Over the past year, Assured Guaranty Ltd. has traded in a range of $18.45 to $47.71 and is now at $47.52, 158% above that low.
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