Assured Guaranty Reaches New 52-Week High (AGO)

NEW YORK ( TheStreet) -- Assured Guaranty (NYSE: AGO) hit a new 52-week high Tuesday as it is currently trading at $18.59, above its previous 52-week high of $18.54 with 1.5 million shares traded as of 12:55 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Assured Guaranty has a market cap of $2.84 billion and is part of the financial sector and insurance industry. Shares are up 33.8% year to date as of the close of trading on Monday.

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company has a P/E ratio of 4.2, below the average insurance industry P/E ratio of 4.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Assured Guaranty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Assured Guaranty Ratings Report.

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