Argo Group International Holdings, Ltd. (NASDAQ:AGII) – Research analysts at William Blair decreased their Q3 2017 earnings per share estimates for shares of Argo Group International Holdings in a research report issued on Wednesday. William Blair analyst A. Klauber now expects that the insurance provider will earn $0.83 per share for the quarter, down from their previous estimate of $0.91. William Blair also issued estimates for Argo Group International Holdings’ Q4 2017 earnings at $1.08 EPS and Q4 2018 earnings at $0.98 EPS.

Argo Group International Holdings (NASDAQ:AGII) last announced its earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.25. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The company had revenue of $447.10 million for the quarter, compared to analysts’ expectations of $412.90 million. During the same period last year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/14/q3-2017-eps-estimates-for-argo-group-international-holdings-ltd-lowered-by-william-blair-nasdaqagii.html.

A number of other research firms have also weighed in on AGII. Zacks Investment Research raised shares of Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $70.00 target price on shares of Argo Group International Holdings in a report on Tuesday, July 4th.

Argo Group International Holdings (NASDAQ:AGII) opened at 59.15 on Monday. Argo Group International Holdings has a one year low of $54.40 and a one year high of $69.03. The stock’s 50 day moving average is $60.25 and its 200 day moving average is $63.75. The company has a market capitalization of $1.78 billion, a PE ratio of 10.69 and a beta of 0.82.

Several institutional investors have recently modified their holdings of AGII. Oxford Asset Management raised its position in shares of Argo Group International Holdings by 70.3% in the first quarter. Oxford Asset Management now owns 47,413 shares of the insurance provider’s stock worth $3,215,000 after buying an additional 19,572 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Argo Group International Holdings by 8.7% in the first quarter. Burgundy Asset Management Ltd. now owns 130,422 shares of the insurance provider’s stock worth $8,843,000 after buying an additional 10,454 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Argo Group International Holdings during the first quarter worth approximately $1,139,000. Parametric Portfolio Associates LLC raised its position in shares of Argo Group International Holdings by 24.8% in the first quarter. Parametric Portfolio Associates LLC now owns 124,378 shares of the insurance provider’s stock worth $8,433,000 after buying an additional 24,718 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Argo Group International Holdings by 0.9% in the first quarter. Sei Investments Co. now owns 19,104 shares of the insurance provider’s stock worth $1,296,000 after buying an additional 179 shares during the last quarter. 87.10% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Mark E. Watson III sold 6,503 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $61.10, for a total value of $397,333.30. Following the transaction, the insider now owns 534,272 shares of the company’s stock, valued at approximately $32,644,019.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $383,245.72. Following the completion of the transaction, the chief financial officer now directly owns 86,115 shares in the company, valued at approximately $5,245,264.65. The disclosure for this sale can be found here. Insiders have sold a total of 16,295 shares of company stock worth $994,079 in the last ninety days. 4.86% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio (DPR) is presently 19.49%.

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.

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

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