Argo Group International Holdings Ltd. (AGII) Trading Down 0.9%
Argo Group International Holdings Ltd. (NASDAQ:AGII)’s share price traded down 0.9% during trading on Friday . The company traded as low as $56.05 and last traded at $56.13, with a volume of 69,157 shares. The stock had previously closed at $56.64.
A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Argo Group International Holdings in a research report on Saturday, May 14th. Zacks Investment Research lowered shares of Argo Group International Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. JMP Securities assumed coverage on shares of Argo Group International Holdings in a report on Monday, June 27th. They issued a “market perform” rating on the stock. Finally, Compass Point raised 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 report on Thursday, August 4th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Argo Group International Holdings presently has a consensus rating of “Buy” and a consensus price target of $62.25.
The stock’s 50 day moving average is $54.37 and its 200 day moving average is $52.36. The company has a market cap of $1.70 billion and a P/E ratio of 13.087.
Argo Group International Holdings (NASDAQ:AGII) last posted its earnings results on Tuesday, August 2nd. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.69. During the same quarter in the previous year, the company earned $0.98 EPS. The firm earned $384.30 million during the quarter, compared to the consensus estimate of $361.84 million. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Monday, August 15th were issued 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 related news, insider Mark E. Watson III sold 10,498 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $55.52, for a total value of $582,848.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jay Stanley Bullock sold 8,865 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $53.49, for a total transaction of $474,188.85. Following the completion of the transaction, the chief financial officer now directly owns 95,718 shares in the company, valued at $5,119,955.82. 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 filing with the Securities and Exchange Commission. The institutional investor owned 767,918 shares of the company’s stock after buying an additional 24,501 shares during the period. Ameriprise Financial Inc. owned about 2.75% of Argo Group International Holdings worth $45,953,000 at the end of the most recent quarter.
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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