Argo Group International Holdings, Ltd. (NASDAQ:AGII) – Stock analysts at William Blair upped their FY2017 earnings estimates for Argo Group International Holdings in a research note issued on Wednesday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $3.94 for the year, up from their prior forecast of $3.75. William Blair also issued estimates for Argo Group International Holdings’ Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.07 EPS and Q3 2018 earnings at $0.92 EPS.

Argo Group International Holdings (NASDAQ:AGII) last posted its earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.25. The company had revenue of $447.10 million during the quarter, compared to analyst estimates of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.watchlistnews.com/argo-group-international-holdings-ltd-expected-to-post-fy2017-earnings-of-3-94-per-share-agii/1472301.html.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $70.00 price target on shares of Argo Group International Holdings in a research report on Tuesday, July 4th. Finally, BidaskClub lowered shares of Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

Argo Group International Holdings (AGII) traded down 1.10% during trading on Friday, hitting $58.65. The stock had a trading volume of 14,223 shares. The stock has a 50-day moving average price of $60.25 and a 200-day moving average price of $63.79. The company has a market cap of $1.77 billion, a PE ratio of 10.60 and a beta of 0.82. Argo Group International Holdings has a 52 week low of $54.40 and a 52 week high of $69.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio (DPR) is presently 19.49%.

In related news, insider Kevin James Rehnberg sold 3,500 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $61.00, for a total value of $213,500.00. Following the completion of the transaction, the insider now owns 33,193 shares of the company’s stock, valued at $2,024,773. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jay Stanley Bullock sold 6,292 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $60.91, for a total transaction of $383,245.72. Following the completion of the transaction, the chief financial officer now directly owns 86,115 shares of the company’s stock, valued at approximately $5,245,264.65. The disclosure for this sale can be found here. Insiders sold 16,295 shares of company stock valued at $994,079 in the last three months. Company insiders own 4.86% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its position in Argo Group International Holdings by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock valued at $205,000 after buying an additional 27 shares during the period. Amalgamated Bank raised its position in Argo Group International Holdings by 1.4% in the second quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock valued at $222,000 after buying an additional 49 shares during the period. Diversified Trust Co raised its position in Argo Group International Holdings by 1.4% in the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock valued at $227,000 after buying an additional 50 shares during the period. Wealthsource Partners LLC raised its position in Argo Group International Holdings by 1.9% in the first quarter. Wealthsource Partners LLC now owns 5,300 shares of the insurance provider’s stock valued at $359,000 after buying an additional 100 shares during the period. Finally, Sei Investments Co. raised its position in Argo Group International Holdings by 0.9% in the first quarter. Sei Investments Co. now owns 19,104 shares of the insurance provider’s stock valued at $1,296,000 after buying an additional 179 shares during the period. 88.43% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Argo Group International Holdings (NASDAQ:AGII)

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