Argo Group International Holdings, Ltd. (NASDAQ:AGII) – William Blair dropped their Q4 2017 earnings estimates for shares of Argo Group International Holdings in a report released on Sunday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $0.89 per share for the quarter, down from their previous estimate of $1.08. William Blair also issued estimates for Argo Group International Holdings’ Q1 2018 earnings at $0.88 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.95 EPS and Q4 2018 earnings at $1.14 EPS.

AGII has been the topic of a number of other reports. Zacks Investment Research lowered shares of Argo Group International Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th.

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Argo Group International Holdings (NASDAQ AGII) traded up $0.25 during trading hours on Tuesday, hitting $60.20. 56,719 shares of the stock were exchanged, compared to its average volume of 136,236. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.49. Argo Group International Holdings has a 12 month low of $56.15 and a 12 month high of $69.03. The company has a market cap of $1,810.00, a price-to-earnings ratio of 80.07 and a beta of 0.85.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.91) EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90). Argo Group International Holdings had a net margin of 3.15% and a return on equity of 1.36%. The firm had revenue of $439.20 million during the quarter, compared to the consensus estimate of $433.90 million. During the same period in the prior year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 30th. Argo Group International Holdings’s dividend payout ratio is presently 63.91%.

In related news, insider Mark E. Watson III sold 22,246 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the transaction, the insider now directly owns 593,661 shares of the company’s stock, valued at $35,732,455.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.86% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AGII. Dubuque Bank & Trust Co. bought a new position in Argo Group International Holdings during the second quarter worth $176,000. Quantbot Technologies LP acquired a new position in Argo Group International Holdings during the second quarter worth $195,000. Neuberger Berman Group LLC raised its holdings in Argo Group International Holdings by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after buying an additional 27 shares during the last quarter. Amalgamated Bank raised its holdings in Argo Group International Holdings by 1.4% during the second quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after buying an additional 49 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in Argo Group International Holdings by 1.4% during the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock worth $227,000 after buying an additional 50 shares during the last quarter. 85.70% of the stock is currently owned by institutional investors and hedge funds.

About Argo Group International Holdings

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.

Earnings History and Estimates for Argo Group International Holdings (NASDAQ:AGII)

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