Brokerages Anticipate Argo Group International Holdings, Ltd. (AGII) Will Announce Earnings of $0.75 Per Share
Equities analysts predict that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will report earnings per share of $0.75 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Argo Group International’s earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.60. Argo Group International reported earnings of $0.65 per share during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The business is expected to report its next quarterly earnings report on Monday, February 12th.
On average, 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 fiscal year, analysts anticipate that the business will post earnings of $4.15 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Argo Group International.
Argo Group International (NASDAQ:AGII) last posted its earnings results 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). The business had revenue of $439.20 million for the quarter, compared to analyst estimates of $433.90 million. Argo Group International had a return on equity of 1.36% and a net margin of 3.15%. Argo Group International’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS.
In other news, CFO Jay Stanley Bullock sold 6,743 shares of Argo Group International stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.97, for a total value of $411,120.71. Following the completion of the sale, the chief financial officer now directly owns 85,767 shares of the company’s stock, valued at $5,229,213.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin James Rehnberg sold 2,500 shares of Argo Group International stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $59.74, for a total value of $149,350.00. Following the completion of the sale, the insider now directly owns 30,793 shares of the company’s stock, valued at $1,839,573.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,524 shares of company stock valued at $1,067,061. 4.86% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AGII. Renaissance Technologies LLC grew its stake in shares of Argo Group International by 147.7% in the first quarter. Renaissance Technologies LLC now owns 18,040 shares of the insurance provider’s stock valued at $1,223,000 after buying an additional 10,757 shares in the last quarter. Sei Investments Co. grew its stake in shares of Argo Group International by 15.9% in the second quarter. Sei Investments Co. now owns 22,144 shares of the insurance provider’s stock valued at $1,342,000 after buying an additional 3,040 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Argo Group International by 20.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,413 shares of the insurance provider’s stock valued at $13,176,000 after buying an additional 36,539 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Argo Group International by 84.9% in the second quarter. SG Americas Securities LLC now owns 8,241 shares of the insurance provider’s stock valued at $499,000 after buying an additional 3,783 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Argo Group International by 210.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,569 shares of the insurance provider’s stock valued at $277,000 after buying an additional 3,098 shares in the last quarter. 86.96% of the stock is owned by institutional investors and hedge funds.
Argo Group International (NASDAQ:AGII) traded up $0.45 during mid-day trading on Monday, reaching $61.80. The company’s stock had a trading volume of 144,959 shares, compared to its average volume of 126,214. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $1,820.93, a PE ratio of 80.72 and a beta of 0.82. Argo Group International has a one year low of $56.15 and a one year high of $69.03.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.08 annualized dividend and a yield of 1.75%. Argo Group International’s dividend payout ratio (DPR) is 63.53%.
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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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