Argo Group International Holdings, Ltd. (NASDAQ:AGII) Set to Announce Quarterly Earnings on Monday
Argo Group International Holdings, Ltd. (NASDAQ:AGII) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $1.06 per share for the quarter.
Argo Group International Holdings (NASDAQ:AGII) last released its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $428.10 million for the quarter, compared to analyst estimates of $407.90 million. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. On average, analysts expect Argo Group International Holdings to post $3.78 EPS for the current fiscal year and $4.1 EPS for the next fiscal year.
Argo Group International Holdings, Ltd. (NASDAQ:AGII) opened at 60.40 on Monday. The company’s 50 day moving average is $60.70 and its 200-day moving average is $64.31. Argo Group International Holdings, Ltd. has a 52-week low of $51.33 and a 52-week high of $69.03. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.95 and a beta of 0.82.
The business also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 12th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, June 8th. Argo Group International Holdings’s dividend payout ratio is currently 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 transaction, the insider now owns 33,193 shares in the company, valued at $2,024,773. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the chief financial officer now owns 86,115 shares in the company, valued at approximately $5,245,264.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,295 shares of company stock valued at $994,079. Corporate insiders own 5.79% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Keefe, Bruyette & Woods set a $70.00 target price on shares of Argo Group International Holdings and gave the stock a “hold” rating in a report on Thursday, April 6th. Finally, BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th.
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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