Argo Group International Holdings, Ltd. (AGII) Expected to Announce Earnings of $0.38 Per Share

Equities research analysts expect that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will report earnings per share of $0.38 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Argo Group International Holdings’ earnings. Argo Group International Holdings reported earnings of $1.12 per share in the same quarter last year, which suggests a negative year over year growth rate of 66.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Argo Group International Holdings will report full year earnings of $3.35 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $4.15 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Argo Group International Holdings.

Argo Group International Holdings (NASDAQ:AGII) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The business had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $412.90 million. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Argo Group International Holdings from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 price objective on shares of Argo Group International Holdings in a report on Tuesday, July 4th.

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In other Argo Group International Holdings news, insider Mark E. Watson III sold 22,246 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the completion of the sale, the insider now directly owns 593,661 shares in the company, valued at approximately $35,732,455.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.86% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Burgundy Asset Management Ltd. boosted its position in shares of Argo Group International Holdings by 2.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 133,579 shares of the insurance provider’s stock worth $8,095,000 after purchasing an additional 3,157 shares in the last quarter. Wealthsource Partners LLC boosted its position in shares of Argo Group International Holdings by 1.4% during the 2nd quarter. Wealthsource Partners LLC now owns 5,375 shares of the insurance provider’s stock worth $326,000 after purchasing an additional 75 shares in the last quarter. Colony Group LLC boosted its position in shares of Argo Group International Holdings by 0.4% during the 2nd quarter. Colony Group LLC now owns 30,333 shares of the insurance provider’s stock worth $1,838,000 after purchasing an additional 121 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Argo Group International Holdings by 12.3% during the 2nd quarter. Sterling Capital Management LLC now owns 39,745 shares of the insurance provider’s stock worth $2,409,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of Argo Group International Holdings by 159.1% during the 2nd quarter. Susquehanna International Group LLP now owns 43,366 shares of the insurance provider’s stock worth $2,628,000 after purchasing an additional 26,628 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Argo Group International Holdings (AGII) traded up 1.58% on Friday, reaching $61.10. The company’s stock had a trading volume of 183,113 shares. The stock’s 50 day moving average price is $59.69 and its 200 day moving average price is $62.76. The company has a market cap of $1.84 billion, a P/E ratio of 11.04 and a beta of 0.82. Argo Group International Holdings has a 12 month low of $54.40 and a 12 month high of $69.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. Argo Group International Holdings’s payout ratio is currently 19.49%.

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

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