Zacks: Analysts Expect Argo Group International Holdings, Ltd. (AGII) Will Post Earnings of $0.75 Per Share

Equities analysts forecast that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will report earnings per share (EPS) of $0.75 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Argo Group International’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.60. Argo Group International posted earnings of $0.65 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The firm is scheduled to announce its next earnings report on Monday, February 12th.

According to Zacks, analysts expect that Argo Group International will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $1.04. For the next year, analysts anticipate that the firm will post earnings of $4.15 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Argo Group International.

Argo Group International (NASDAQ:AGII) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($2.90). Argo Group International had a return on equity of 1.36% and a net margin of 3.15%. The company had revenue of $439.20 million for the quarter, compared to the consensus estimate of $433.90 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year.

A number of analysts recently weighed in on AGII shares. Zacks Investment Research cut shares of Argo Group International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods raised shares of Argo Group International from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $67.00 to $71.00 in a research note on Thursday, December 28th. Finally, BidaskClub cut shares of Argo Group International from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th.

In other Argo Group International news, Director Hector Deleon sold 4,137 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $61.11, for a total value of $252,812.07. Following the sale, the director now directly owns 22,065 shares in the company, valued at $1,348,392.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jay Stanley Bullock sold 6,743 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.97, for a total transaction of $411,120.71. Following the completion of the sale, the chief financial officer now owns 85,767 shares in the company, valued at $5,229,213.99. The disclosure for this sale can be found here. Insiders sold 17,524 shares of company stock worth $1,067,061 over the last 90 days. 4.86% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in shares of Argo Group International during the second quarter worth $195,000. Neuberger Berman Group LLC increased its position in shares of Argo Group International 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 in the last quarter. Amalgamated Bank increased its position in shares of Argo Group International 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 in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Argo Group International during the second quarter worth $271,000. Finally, Wealthsource Partners LLC increased its position in shares of Argo Group International by 1.4% during the second quarter. Wealthsource Partners LLC now owns 5,375 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.

Shares of Argo Group International (NASDAQ:AGII) opened at $62.65 on Friday. The firm has a market cap of $1,900.00, a PE ratio of 37.07 and a beta of 0.82. Argo Group International has a 52 week low of $56.15 and a 52 week high of $69.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.52 and a quick ratio of 0.52.

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Argo Group International 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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