Argo Group International (AGII) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Press coverage about Argo Group International (NASDAQ:AGII) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Argo Group International earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 48.2696925940975 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts recently issued reports on AGII shares. Zacks Investment Research lowered Argo Group International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods raised Argo Group International from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $67.00 to $71.00 in a research note on Thursday, December 28th. Finally, BidaskClub lowered Argo Group International from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th.
Shares of Argo Group International (NASDAQ:AGII) opened at $62.50 on Monday. The stock has a market capitalization of $1,886.22, a price-to-earnings ratio of 36.76 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 quick ratio of 0.52 and a current ratio of 0.52.
In other news, Director Gary V. Woods purchased 20,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of $61.28 per share, with a total value of $1,225,600.00. Following the completion of the purchase, the director now directly owns 44,652 shares in the company, valued at approximately $2,736,274.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin James Rehnberg sold 2,500 shares of Argo Group International stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $59.74, for a total value of $149,350.00. Following the sale, the insider now directly owns 30,793 shares of the company’s stock, valued at approximately $1,839,573.82. The disclosure for this sale can be found here. Insiders have sold 17,524 shares of company stock valued at $1,067,061 in the last three months. 4.86% of the stock is owned by corporate insiders.
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About Argo Group International
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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