Argo Group International Holdings, Ltd. (NASDAQ:AGII) – Equities research analysts at William Blair increased their FY2017 earnings per share estimates for shares of Argo Group International Holdings in a note issued to investors on Wednesday. William Blair analyst A. Klauber now expects that the insurance provider will earn $3.94 per share for the year, up from their prior estimate of $3.75. William Blair also issued estimates for Argo Group International Holdings’ Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.07 EPS and Q3 2018 earnings at $0.92 EPS.

Argo Group International Holdings (NASDAQ:AGII) last released its earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. The firm had revenue of $447.10 million during the quarter, compared to the consensus estimate of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share.

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Several other analysts have also recently commented on AGII. Zacks Investment Research cut shares of Argo Group International Holdings from a “strong-buy” rating to a “sell” rating in a research note on Friday, April 21st. BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Argo Group International Holdings in a research note on Tuesday, July 4th.

Argo Group International Holdings (NASDAQ AGII) traded down 1.01% during midday trading on Friday, reaching $58.70. The company’s stock had a trading volume of 14,013 shares. Argo Group International Holdings has a 52-week low of $54.40 and a 52-week high of $69.03. The firm has a 50-day moving average price of $60.25 and a 200 day moving average price of $63.79. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 10.61 and a beta of 0.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. Argo Group International Holdings’s payout ratio is presently 19.49%.

In other Argo Group International Holdings news, CFO Jay Stanley Bullock sold 6,292 shares of the firm’s stock in a transaction that occurred 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 directly owns 86,115 shares of the company’s stock, valued at $5,245,264.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark E. Watson III sold 6,503 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $61.10, for a total transaction of $397,333.30. Following the completion of the transaction, the insider now directly owns 534,272 shares in the company, valued at $32,644,019.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,295 shares of company stock worth $994,079. Insiders own 4.86% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AGII. BlackRock Inc. boosted its position 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 worth $169,638,000 after buying an additional 2,476,564 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Argo Group International Holdings during the first quarter worth about $391,000. Schwab Charles Investment Management Inc. boosted its position in shares of Argo Group International Holdings by 8.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 180,874 shares of the insurance provider’s stock worth $12,264,000 after buying an additional 14,356 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Argo Group International Holdings by 5.1% in the first quarter. Russell Investments Group Ltd. now owns 140,800 shares of the insurance provider’s stock worth $9,547,000 after buying an additional 6,774 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position 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 worth $157,355,000 after buying an additional 118,097 shares during the last quarter. 88.43% of the stock is currently 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.

Earnings History and Estimates for Argo Group International Holdings (NASDAQ:AGII)

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