Wall Street analysts forecast that Argo Group (NASDAQ:ARGO) will report $476.47 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Argo Group’s earnings, with the highest sales estimate coming in at $488.00 million and the lowest estimate coming in at $465.50 million. Argo Group posted sales of $493.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 4th.

On average, analysts expect that Argo Group will report full year sales of $1.87 billion for the current fiscal year, with estimates ranging from $1.86 billion to $1.87 billion. For the next financial year, analysts expect that the business will post sales of $2.06 billion, with estimates ranging from $2.01 billion to $2.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Argo Group.

Argo Group (NASDAQ:ARGO) last announced its earnings results on Monday, August 3rd. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.29. The company had revenue of $436.90 million during the quarter, compared to the consensus estimate of $445.90 million.

A number of equities analysts have recently weighed in on the company. TheStreet lowered Argo Group from a “c-” rating to a “d+” rating in a research note on Monday, June 1st. BidaskClub cut Argo Group from a “hold” rating to a “sell” rating in a report on Saturday. Sidoti began coverage on shares of Argo Group in a report on Monday, August 17th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered shares of Argo Group from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Argo Group currently has an average rating of “Hold” and an average target price of $52.67.

In related news, CEO Kevin James Rehnberg bought 32,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $36.98 per share, with a total value of $1,183,360.00. Following the completion of the acquisition, the chief executive officer now owns 19,953 shares of the company’s stock, valued at approximately $737,861.94. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Several institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Argo Group by 48.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,988 shares of the company’s stock worth $111,000 after acquiring an additional 974 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of Argo Group in the 1st quarter valued at $150,000. Trexquant Investment LP bought a new stake in shares of Argo Group in the 2nd quarter worth about $217,000. PNC Financial Services Group Inc. grew its position in shares of Argo Group by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,390 shares of the company’s stock valued at $238,000 after buying an additional 360 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Argo Group during the 1st quarter valued at about $248,000.

ARGO opened at $35.64 on Wednesday. Argo Group has a 52-week low of $25.00 and a 52-week high of $70.89. The stock’s 50 day moving average price is $35.72 and its 200-day moving average price is $35.47.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, August 27th.

About Argo Group

Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.

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Earnings History and Estimates for Argo Group (NASDAQ:ARGO)

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