Wall Street analysts expect that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will announce $424.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Argo Group International Holdings’ earnings. The highest sales estimate is $424.60 million and the lowest is $423.50 million. Argo Group International Holdings reported sales of $399.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The business is expected to announce its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Argo Group International Holdings will report full year sales of $424.05 million for the current financial year, with estimates ranging from $1.71 billion to $1.72 billion. For the next financial year, analysts expect that the company will report sales of $1.84 billion per share, with estimates ranging from $1.83 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Argo Group International Holdings.

Argo Group International Holdings (NASDAQ:AGII) last announced its quarterly earnings data 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. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The company had revenue of $447.10 million for the quarter, compared to analysts’ expectations of $412.90 million. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was up 15.2% compared to the same quarter last year.

AGII has been the topic of several analyst reports. Zacks Investment Research raised Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $70.00 target price 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 Saturday, August 19th.

In related news, insider Mark E. Watson III sold 22,246 shares of Argo Group International Holdings stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the transaction, the insider now owns 593,661 shares of the company’s stock, valued at $35,732,455.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.86% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its position in 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 worth $205,000 after purchasing an additional 27 shares during the last quarter. Amalgamated Bank boosted its position in Argo Group International Holdings by 1.4% in the second quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 49 shares during the last quarter. Diversified Trust Co boosted its position in 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 worth $227,000 after purchasing an additional 50 shares during the last quarter. Wealthsource Partners LLC boosted its position in Argo Group International Holdings by 1.4% in the second quarter. Wealthsource Partners LLC now owns 5,375 shares of the insurance provider’s stock worth $326,000 after purchasing an additional 75 shares during the last quarter. Finally, Colony Group LLC boosted its position in Argo Group International Holdings by 0.4% in the second quarter. Colony Group LLC now owns 30,333 shares of the insurance provider’s stock worth $1,838,000 after purchasing an additional 121 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors.

Shares of Argo Group International Holdings (NASDAQ:AGII) opened at 61.10 on Friday. The stock’s 50 day moving average price is $59.75 and its 200-day moving average price is $62.72. Argo Group International Holdings has a 52 week low of $54.40 and a 52 week high of $69.03. The company has a market cap of $1.84 billion, a PE ratio of 11.04 and a beta of 0.82.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.77%. Argo Group International Holdings’s payout ratio is 19.49%.

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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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