Equities research analysts forecast that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will announce sales of $412.90 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Argo Group International Holdings’ earnings. The highest sales estimate is $417.60 million and the lowest is $408.20 million. Argo Group International Holdings reported sales of $386.40 million in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 1st.

On average, analysts expect that Argo Group International Holdings will report full year sales of $412.90 million for the current fiscal year, with estimates ranging from $1.69 billion to $1.74 billion. For the next financial year, analysts anticipate that the company will report sales of $1.88 billion per share, with estimates ranging from $1.87 billion to $1.89 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Argo Group International Holdings.

Argo Group International Holdings (NASDAQ:AGII) last released its earnings results on Wednesday, May 3rd. The insurance provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. Argo Group International Holdings had a net margin of 9.53% and a return on equity of 6.07%. The business had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $407.90 million. During the same period last year, the business earned $0.98 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis.

AGII has been the subject of a number of analyst reports. Zacks Investment Research raised Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $70.00 price target on Argo Group International Holdings and gave the company a “hold” rating in a research report on Thursday, April 6th. Finally, BidaskClub raised Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th.

Argo Group International Holdings (NASDAQ AGII) traded down 0.74% during trading on Friday, hitting $60.40. 154,794 shares of the company traded hands. Argo Group International Holdings has a 12-month low of $51.33 and a 12-month high of $69.03. The stock has a 50-day moving average price of $60.70 and a 200-day moving average price of $64.31. The firm has a market capitalization of $1.82 billion, a P/E ratio of 11.95 and a beta of 0.82.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 12th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, June 8th. Argo Group International Holdings’s dividend payout ratio is presently 21.34%.

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In other news, insider Kevin James Rehnberg sold 3,500 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $61.00, for a total transaction of $213,500.00. Following the completion of the sale, the insider now directly owns 33,193 shares of the company’s stock, valued at approximately $2,024,773. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jay Stanley Bullock sold 6,292 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $60.91, for a total value of $383,245.72. Following the sale, the chief financial officer now directly owns 86,115 shares of the company’s stock, valued at $5,245,264.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,295 shares of company stock valued at $994,079. Insiders own 5.79% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Argo Group International Holdings by 9,732.6% in the first quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock valued at $169,638,000 after buying an additional 2,476,564 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Argo Group International Holdings by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,320,871 shares of the insurance provider’s stock valued at $157,355,000 after buying an additional 118,097 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Argo Group International Holdings by 3.2% in the first quarter. Frontier Capital Management Co. LLC now owns 1,805,604 shares of the insurance provider’s stock valued at $122,420,000 after buying an additional 55,893 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of Argo Group International Holdings by 0.8% in the first quarter. Champlain Investment Partners LLC now owns 1,101,933 shares of the insurance provider’s stock valued at $74,711,000 after buying an additional 8,950 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Argo Group International Holdings by 18.6% in the first quarter. State Street Corp now owns 703,967 shares of the insurance provider’s stock valued at $47,728,000 after buying an additional 110,594 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

About Argo Group International Holdings

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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