Argo Group International Holdings, Ltd. (NASDAQ:AGII) posted its earnings results on Thursday. The insurance provider reported ($1.91) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90), Briefing.com reports. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The firm had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $433.90 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis.
Argo Group International Holdings (NASDAQ AGII) traded down $1.40 during mid-day trading on Friday, reaching $61.40. 172,083 shares of the company were exchanged, compared to its average volume of 126,661. 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 capitalization of $1,850.00, a P/E ratio of 16.57 and a beta of 0.85. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21.
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In related news, insider Mark E. Watson III sold 22,246 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $60.19, for a total value of $1,338,986.74. Following the completion of the transaction, the insider now directly owns 593,661 shares of the company’s stock, valued at $35,732,455.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.86% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded 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.
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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