Equities analysts expect Argo Group International Holdings, Ltd. (NASDAQ:AGII) to report earnings per share (EPS) of ($2.06) for the current quarter, Zacks reports. Two analysts have made estimates for Argo Group International Holdings’ earnings. The lowest EPS estimate is ($2.15) and the highest is ($1.97). Argo Group International Holdings reported earnings of $1.12 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 283.9%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Argo Group International Holdings will report full-year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.00. For the next fiscal year, analysts forecast that the company will report earnings of $4.15 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Argo Group International Holdings.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $412.90 million. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $70.00 price objective on shares of Argo Group International Holdings in a research report on Tuesday, July 4th. Finally, BidaskClub downgraded Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

Shares of Argo Group International Holdings (NASDAQ AGII) opened at 63.80 on Monday. The company has a market capitalization of $1.92 billion, a P/E ratio of 11.53 and a beta of 0.80. The firm has a 50-day moving average price of $61.29 and a 200-day moving average price of $61.87. Argo Group International Holdings has a one year low of $54.40 and a one year high of $69.03.

In other news, insider Mark E. Watson III sold 22,246 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 593,661 shares in the company, valued at $35,732,455.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.86% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of AGII. Dubuque Bank & Trust Co. bought a new position in shares of Argo Group International Holdings during the second quarter worth about $176,000. Quantbot Technologies LP bought a new position in shares of Argo Group International Holdings during the second quarter worth about $195,000. Neuberger Berman Group LLC raised its position in shares of Argo Group International Holdings by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 27 shares during the last quarter. Amalgamated Bank raised its position in shares of Argo Group International Holdings by 1.4% during the second quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 49 shares during the last quarter. Finally, Diversified Trust Co raised its position in shares of Argo Group International Holdings by 1.4% during the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 87.09% of the company’s stock.

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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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