Brokerages expect Argo Group International Holdings, Ltd. (NASDAQ:AGII) to report $435.30 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Argo Group International Holdings’ earnings. The highest sales estimate is $449.40 million and the lowest is $421.20 million. Argo Group International Holdings reported sales of $399.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to issue its next earnings results on Tuesday, November 7th.

On average, analysts expect that Argo Group International Holdings will report full year sales of $435.30 million for the current year, with estimates ranging from $1.69 billion to $1.74 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.88 billion per share, with estimates ranging from $1.87 billion to $1.89 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Argo Group International Holdings.

Argo Group International Holdings (NASDAQ:AGII) last released its quarterly earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.25. The firm had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. Argo Group International Holdings’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS.

A number of brokerages recently weighed in on AGII. Zacks Investment Research raised Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $70.00 price objective on shares of Argo Group International Holdings in a research note on Tuesday, July 4th. Finally, BidaskClub raised Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th.

In other Argo Group International Holdings news, insider Mark E. Watson III sold 6,503 shares of Argo Group International Holdings stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $61.10, for a total value of $397,333.30. Following the transaction, the insider now directly owns 534,272 shares of the company’s stock, valued at approximately $32,644,019.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jay Stanley Bullock sold 6,292 shares of Argo Group International Holdings stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $60.91, for a total value of $383,245.72. Following the completion of the transaction, the chief financial officer now directly owns 86,115 shares in the company, valued at $5,245,264.65. The disclosure for this sale can be found here. Insiders sold a total of 16,295 shares of company stock worth $994,079 over the last three months. 4.86% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AGII. Ameritas Investment Partners Inc. acquired a new position in shares of Argo Group International Holdings during the first quarter valued at approximately $169,000. Dubuque Bank & Trust Co. acquired a new position in shares of Argo Group International Holdings during the second quarter valued at approximately $176,000. Neuberger Berman Group LLC increased its position in shares of 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 in the last quarter. Diversified Trust Co increased its position in shares of 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 in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Argo Group International Holdings 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. 88.43% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Anticipate Argo Group International Holdings, Ltd. (NASDAQ:AGII) Will Post Quarterly Sales of $435.30 Million” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/zacks-brokerages-anticipate-argo-group-international-holdings-ltd-nasdaqagii-will-post-quarterly-sales-of-435-30-million/1471954.html.

Argo Group International Holdings (NASDAQ AGII) opened at 59.30 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of 10.72 and a beta of 0.82. The firm has a 50-day moving average price of $60.25 and a 200-day moving average price of $63.79. Argo Group International Holdings has a 12-month low of $54.40 and a 12-month high of $69.03.

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

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.

Get a free copy of the Zacks research report on Argo Group International Holdings (AGII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Argo Group International Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group International Holdings Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.