Assured Guaranty Ltd (AGO): Today's Featured Insurance Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Assured Guaranty ( AGO) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole was unchanged today. By the end of trading, Assured Guaranty fell $0.71 (-3.6%) to $19.19 on heavy volume. Throughout the day, 5,351,075 shares of Assured Guaranty exchanged hands as compared to its average daily volume of 1,702,000 shares. The stock ranged in price between $18.90-$20.03 after having opened the day at $19.91 as compared to the previous trading day's close of $19.90. Other companies within the Insurance industry that declined today were: MGIC Investment Corporation ( MTG), down 3.2%, Donegal Group ( DGICA), down 3.0%, 21st Century Holding Company ( TCHC), down 2.9% and Federated National ( FNHC), down 2.9%.

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. Assured Guaranty has a market cap of $3.6 billion and is part of the financial sector. Shares are up 39.2% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Assured Guaranty a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Assured Guaranty as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Donegal Group ( DGICB), up 8.2%, Kingsway Financial Services ( KFS), up 3.6%, ACE ( ACE), up 2.5% and Meadowbrook Insurance Group ( MIG), up 2.2% , were all gainers within the insurance industry with Travelers Companies ( TRV) being today's featured insurance industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

MBIA Unit's Credit Rating Drop Suggests A Sale or Activist Could Be Next

Atairos Strikes Cereberus' Bowlmor Investment

JP Morgan Settles Ambac Mortgage Backed Securities Litigation

Bullish and Bearish Reversals for This Week

Mortgage Insurers Catch the Eye of EJF Capital

Mortgage Insurers Catch the Eye of EJF Capital