Analysts Anticipate Argo Group International Holdings, Ltd. (AGII) to Post $0.89 Earnings Per Share

Analysts expect Argo Group International Holdings, Ltd. (NASDAQ:AGII) to post earnings per share of $0.89 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Argo Group International’s earnings. Argo Group International reported earnings per share of $0.65 during the same quarter last year, which suggests a positive year-over-year growth rate of 36.9%. The company is scheduled to issue its next quarterly earnings report on Monday, February 12th.

On average, analysts expect that Argo Group International will report full year earnings of $1.04 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $4.05 per share, with EPS estimates ranging from $3.90 to $4.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Argo Group International.

A number of brokerages have weighed in on AGII. Zacks Investment Research downgraded Argo Group International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Argo Group International from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Keefe, Bruyette & Woods raised Argo Group International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $67.00 to $71.00 in a research report on Thursday, December 28th.

In other news, insider Kevin James Rehnberg sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $59.74, for a total value of $149,350.00. Following the transaction, the insider now owns 30,793 shares of the company’s stock, valued at $1,839,573.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary V. Woods bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of $61.28 per share, for a total transaction of $1,225,600.00. Following the transaction, the director now directly owns 44,652 shares of the company’s stock, valued at approximately $2,736,274.56. The disclosure for this purchase can be found here. Insiders sold 17,524 shares of company stock worth $1,067,061 in the last ninety days. 4.86% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Dean Investment Associates LLC acquired a new position in shares of Argo Group International in the fourth quarter valued at approximately $6,109,000. First National Bank of Omaha grew its position in shares of Argo Group International by 17.0% in the fourth quarter. First National Bank of Omaha now owns 20,205 shares of the insurance provider’s stock valued at $1,246,000 after purchasing an additional 2,940 shares during the last quarter. Aperio Group LLC grew its position in shares of Argo Group International by 172.6% in the fourth quarter. Aperio Group LLC now owns 15,140 shares of the insurance provider’s stock valued at $933,000 after purchasing an additional 9,587 shares during the last quarter. Comerica Bank grew its position in shares of Argo Group International by 42.6% in the fourth quarter. Comerica Bank now owns 65,932 shares of the insurance provider’s stock valued at $4,230,000 after purchasing an additional 19,691 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of Argo Group International by 3.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 431,525 shares of the insurance provider’s stock valued at $26,604,000 after purchasing an additional 15,408 shares during the last quarter. 85.79% of the stock is currently owned by institutional investors.

Argo Group International (NASDAQ:AGII) opened at $58.65 on Wednesday. The firm has a market capitalization of $1,770.00, a P/E ratio of 34.70 and a beta of 0.74. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22. Argo Group International has a 12-month low of $56.15 and a 12-month high of $69.03.

COPYRIGHT VIOLATION WARNING: “Analysts Anticipate Argo Group International Holdings, Ltd. (AGII) to Post $0.89 Earnings Per Share” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/02/07/analysts-anticipate-argo-group-international-holdings-ltd-agii-to-post-0-89-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Argo Group International (AGII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Argo Group International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply