Assured Guaranty Ltd. (NYSE:AGO) traded today at a new 52-week high of $55.22. This new high was reached on below average trading volume as 69,000 shares traded hands, while the average 30-day volume is approximately 509,000 shares.
Assured Guaranty Ltd. has overhead space with shares priced $54.60, or 2.1% below the average consensus analyst price target of $55.77.
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.
In the past 52 weeks, shares of Assured Guaranty Ltd. have traded between a low of $24.02 and a high of $55.22 and is now at $54.60, which is 127% above that low price.
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