Somewhat Favorable News Coverage Somewhat Unlikely to Affect Argo Group International (AGII) Share Price
Media coverage about Argo Group International (NASDAQ:AGII) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Argo Group International earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 44.1212022709338 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Insider Selling: Argo Group International Holdings, Ltd. (AGII) CFO Sells 6,743 Shares of Stock (americanbankingnews.com)
- Argo Group International Holdings, Ltd. (AGII) Director Purchases $1,225,600.00 in Stock (americanbankingnews.com)
- Leading Global Insurers Back Coalition to Solve Cyber Risk (finance.yahoo.com)
- Insider Selling: Argo Group International Holdings, Ltd. (AGII) Director Sells 4,144 Shares of Stock (americanbankingnews.com)
- Argo Group International Holdings Ltd. : AGII-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 4, 2017 (finance.yahoo.com)
AGII has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Argo Group International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub raised shares of Argo Group International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th.
Argo Group International (NASDAQ:AGII) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($2.90). Argo Group International had a return on equity of 1.36% and a net margin of 3.15%. The firm had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $433.90 million. During the same period in the previous year, the firm earned $1.12 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. research analysts forecast that Argo Group International will post 0.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 30th. Argo Group International’s payout ratio is currently 63.53%.
In other news, insider Kevin James Rehnberg sold 2,500 shares of Argo Group International stock in a transaction that occurred 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 transaction, the insider now owns 30,793 shares of the company’s stock, valued at approximately $1,839,573.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jay Stanley Bullock sold 6,743 shares of Argo Group International stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $60.97, for a total transaction of $411,120.71. Following the completion of the transaction, the chief financial officer now directly owns 85,767 shares in the company, valued at approximately $5,229,213.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,524 shares of company stock worth $1,067,061. Insiders own 4.86% of the company’s stock.
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.
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