Argo Group International Holdings Ltd. (AGII) Shares Down 0.9%
Argo Group International Holdings Ltd. (NASDAQ:AGII) dropped 0.9% during mid-day trading on Friday . The stock traded as low as $56.05 and last traded at $56.13, with a volume of 69,157 shares traded. The stock had previously closed at $56.64.
AGII has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Argo Group International Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Keefe, Bruyette & Woods upped their target price on shares of Argo Group International Holdings from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Friday, May 13th. JMP Securities initiated coverage on shares of Argo Group International Holdings in a research note on Monday, June 27th. They issued a “market perform” rating for the company. Finally, Compass Point upped their target price on shares of Argo Group International Holdings from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Argo Group International Holdings currently has an average rating of “Buy” and a consensus price target of $62.25.
The company’s 50-day moving average price is $54.30 and its 200-day moving average price is $52.33. The company has a market cap of $1.70 billion and a PE ratio of 13.087.
Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.69. The company earned $384.30 million during the quarter, compared to analysts’ expectations of $361.84 million. Argo Group International Holdings’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Analysts predict that Argo Group International Holdings Ltd. will post $3.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Kevin James Rehnberg sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $55.90, for a total value of $279,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Watson III sold 10,498 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $55.52, for a total transaction of $582,848.96. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Argo Group International Holdings stock. Ameriprise Financial Inc. increased its position in Argo Group International Holdings Ltd. (NASDAQ:AGII) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 767,918 shares of the company’s stock after buying an additional 24,501 shares during the period. Ameriprise Financial Inc. owned approximately 2.75% of Argo Group International Holdings worth $45,953,000 as of its most recent SEC filing.
Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite.
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