Somewhat Positive News Coverage Somewhat Unlikely to Impact Argo Group International Holdings (AGII) Stock Price
News headlines about Argo Group International Holdings (NASDAQ:AGII) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Argo Group International Holdings earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 47.4581591478645 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Argo Group International Holdings, Ltd. (NASDAQ:AGII) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- IHS Markit Score upgrades Argo Group International Holdings Ltd to 80 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- Argo Group International Holdings, Ltd. Expected to Post FY2017 Earnings of $3.94 Per Share (NASDAQ:AGII) (americanbankingnews.com)
- Zacks: Analysts Expect Argo Group International Holdings, Ltd. (AGII) Will Announce Quarterly Sales of $435.30 Million (americanbankingnews.com)
AGII has been the topic of a number of research reports. BidaskClub upgraded shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research downgraded shares of Argo Group International Holdings from a “strong-buy” rating to a “sell” rating in a report on Friday, April 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 target price on shares of Argo Group International Holdings in a report on Tuesday, July 4th.
Shares of Argo Group International Holdings (NASDAQ AGII) traded down 0.25% during trading on Friday, reaching $59.15. 97,683 shares of the company traded hands. Argo Group International Holdings has a 52 week low of $54.40 and a 52 week high of $69.03. The stock has a market capitalization of $1.78 billion, a PE ratio of 10.69 and a beta of 0.82. The firm has a 50 day moving average of $60.25 and a 200 day moving average of $63.75.
Argo Group International Holdings (NASDAQ:AGII) last announced its quarterly earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The business had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $412.90 million. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts predict that Argo Group International Holdings will post $3.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio is presently 19.49%.
In other Argo Group International Holdings news, insider Mark E. Watson III sold 6,503 shares of Argo Group International Holdings stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $61.10, for a total transaction of $397,333.30. Following the completion of the sale, the insider now directly owns 534,272 shares in the company, valued at $32,644,019.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jay Stanley Bullock sold 6,292 shares of Argo Group International Holdings stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.91, for a total transaction of $383,245.72. Following the sale, the chief financial officer now owns 86,115 shares of the company’s stock, valued at $5,245,264.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,295 shares of company stock valued at $994,079. Company insiders own 4.86% of the company’s stock.
Argo Group International Holdings Company Profile
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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