Analysts expect that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will announce $435.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Argo Group International Holdings’ earnings. The highest sales estimate is $449.40 million and the lowest is $421.20 million. Argo Group International Holdings reported sales of $399.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to report its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Argo Group International Holdings will report full-year sales of $435.30 million for the current fiscal year, with estimates ranging from $1.69 billion to $1.74 billion. For the next year, analysts anticipate that the company will post sales of $1.88 billion per share, with estimates ranging from $1.87 billion to $1.89 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Argo Group International Holdings.

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

Several research firms recently issued reports on AGII. Zacks Investment Research raised Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $70.00 price target on shares of Argo Group International Holdings in a research report on Tuesday, July 4th. 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) opened at 59.30 on Friday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.72 and a beta of 0.82. The stock’s 50 day moving average is $60.25 and its 200-day moving average is $63.79. Argo Group International Holdings has a 12 month low of $54.40 and a 12 month high of $69.03.

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

In other Argo Group International Holdings news, CFO Jay Stanley Bullock sold 6,292 shares of the stock in a transaction on Thursday, June 15th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin James Rehnberg sold 3,500 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $61.00, for a total value of $213,500.00. Following the completion of the sale, the insider now directly owns 33,193 shares in the company, valued at $2,024,773. The disclosure for this sale can be found here. Insiders sold 16,295 shares of company stock worth $994,079 over the last ninety days. 4.86% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Argo Group International Holdings during the first quarter valued at $169,000. Dubuque Bank & Trust Co. bought a new stake in shares of Argo Group International Holdings during the second quarter valued at $176,000. Neuberger Berman Group LLC raised its stake in shares of Argo Group International Holdings by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock valued at $205,000 after buying an additional 27 shares in the last quarter. Diversified Trust Co raised its stake in shares of Argo Group International Holdings by 1.4% in the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock valued at $227,000 after buying an additional 50 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Argo Group International Holdings by 210.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,569 shares of the insurance provider’s stock valued at $277,000 after buying an additional 3,098 shares in the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

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

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