Argo Group International Holdings Downgraded by Macquarie to “Neutral” (AGII)
Argo Group International Holdings (NASDAQ:AGII) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Separately, analysts at Guggenheim initiated coverage on shares of Argo Group International Holdings in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock.
Shares of Argo Group International Holdings (NASDAQ:AGII) traded up 1.28% on Wednesday, hitting $43.61. 52,923 shares of the company’s stock traded hands. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company has a market cap of $1.163 billion and a price-to-earnings ratio of 16.65.
Argo Group International Holdings (NASDAQ:AGII) last announced its earnings results on Tuesday, August 6th. The company reported $0.71 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $364.00 million for the quarter, compared to the consensus estimate of $320.97 million. During the same quarter last year, the company posted $0.55 earnings per share. Argo Group International Holdings’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that Argo Group International Holdings will post $2.91 EPS for the current fiscal year.
Argo Group International Holdings, Ltd. (NASDAQ:AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market.
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