Argo Group International Holdings, Ltd. (AGII) to Release Earnings on Monday
Argo Group International Holdings, Ltd. (NASDAQ:AGII) is scheduled to release its earnings data after the market closes on Monday, October 30th. Analysts expect Argo Group International Holdings to post earnings of $0.99 per share for the quarter.
Argo Group International Holdings (NASDAQ:AGII) last released its quarterly 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 return on equity of 6.39% and a net margin of 10.04%. The business had revenue of $447.10 million for the quarter, compared to analysts’ expectations of $412.90 million. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. On average, analysts expect Argo Group International Holdings to post $0.98 EPS for the current fiscal year and $4.15 EPS for the next fiscal year.
Argo Group International Holdings, Ltd. (AGII) remained flat at $63.80 on Monday. The stock had a trading volume of 9,914 shares. Argo Group International Holdings, Ltd. has a 12-month low of $54.40 and a 12-month high of $69.03. The stock has a 50-day moving average of $61.29 and a 200 day moving average of $61.87. The stock has a market cap of $1.92 billion, a PE ratio of 11.53 and a beta of 0.80.
In related news, insider Mark E. Watson III sold 22,246 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $60.19, for a total value of $1,338,986.74. Following the completion of the sale, the insider now owns 593,661 shares in the company, valued at $35,732,455.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.86% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on AGII shares. Zacks Investment Research upgraded shares of Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $70.00 price target on shares of Argo Group International Holdings in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th.
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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.
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