Argo Group (NASDAQ:ARGO) – Investment analysts at William Blair reduced their Q4 2018 earnings per share estimates for shares of Argo Group in a note issued to investors on Tuesday, November 6th. William Blair analyst A. Klauber now anticipates that the company will post earnings of $0.80 per share for the quarter, down from their prior estimate of $0.98.
Other equities analysts also recently issued reports about the stock. Boenning Scattergood set a $72.00 price target on shares of Argo Group and gave the company a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Argo Group to $69.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded shares of Argo Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Raymond James cut their price target on shares of Argo Group from $72.00 to $70.00 and set a “strong-buy” rating for the company in a report on Friday, October 19th.
Argo Group (NASDAQ:ARGO) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.19. The firm had revenue of $484.70 million for the quarter, compared to the consensus estimate of $462.83 million.
In related news, Director Thomas A. Bradley bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of $61.72 per share, with a total value of $123,440.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin James Rehnberg sold 16,850 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $61.28, for a total transaction of $1,032,568.00. The disclosure for this sale can be found here. Insiders have sold a total of 64,190 shares of company stock valued at $4,064,250 over the last three months.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dubuque Bank & Trust Co. bought a new position in shares of Argo Group in the second quarter worth about $212,000. Amalgamated Bank bought a new position in shares of Argo Group in the second quarter worth about $256,000. Boston Advisors LLC bought a new position in shares of Argo Group in the second quarter worth about $272,000. Diversified Trust Co bought a new position in shares of Argo Group in the second quarter worth about $313,000. Finally, First National Bank of Omaha bought a new position in shares of Argo Group in the second quarter worth about $1,328,000.
Argo Group Company Profile
Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.
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