Argo Group International Holdings Reaches New 52-Week High at $49.00 (AGII)
Argo Group International Holdings (NASDAQ:AGII)’s share price hit a new 52-week high during mid-day trading on Thursday , American Banking and Market News reports. The company traded as high as $49.00 and last traded at $48.95, with a volume of 48,948 shares changing hands. The stock had previously closed at $47.87.
A number of research firms have recently commented on AGII. Analysts at Compass Point raised their price target on shares of Argo Group International Holdings from $45.00 to $47.00 in a research note on Wednesday, May 7th. They now have a “neutral” rating on the stock. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Argo Group International Holdings in a research note on Monday, April 14th. They set a “market perform” rating and a $51.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $49.70.
The stock’s 50-day moving average is $46.46 and its 200-day moving average is $45.82. The company has a market cap of $1.297 billion and a P/E ratio of 8.75.
Argo Group International Holdings (NASDAQ:AGII) last announced its earnings results on Monday, May 5th. The company reported $1.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.74. The company had revenue of $360.10 million for the quarter, compared to the consensus estimate of $343.48 million. During the same quarter last year, the company posted $0.78 earnings per share. Argo Group International Holdings’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Argo Group International Holdings will post $3.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, May 29th.
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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