William Blair Equities Analysts Increase Earnings Estimates for Argo Group International Holdings, Ltd. (AGII)

Argo Group International Holdings, Ltd. (NASDAQ:AGII) – Analysts at William Blair increased their FY2017 earnings per share (EPS) estimates for Argo Group International Holdings in a report 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 previous 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.

A number of other analysts have also recently weighed in on AGII. Zacks Investment Research upgraded shares of Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Friday. BidaskClub cut shares of Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $70.00 target price on shares of Argo Group International Holdings in a report on Tuesday, July 4th.

COPYRIGHT VIOLATION NOTICE: “William Blair Equities Analysts Increase Earnings Estimates for Argo Group International Holdings, Ltd. (AGII)” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/08/13/william-blair-equities-analysts-increase-earnings-estimates-for-argo-group-international-holdings-ltd-agii.html.

Shares of Argo Group International Holdings (NASDAQ AGII) opened at 59.15 on Friday. Argo Group International Holdings has a 1-year low of $54.40 and a 1-year high of $69.03. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 10.69 and a beta of 0.82. The company has a 50-day moving average price of $60.25 and a 200-day moving average price of $63.75.

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

Institutional investors have recently bought and sold shares of the company. Oxford Asset Management raised its position in Argo Group International Holdings by 70.3% in the first quarter. Oxford Asset Management now owns 47,413 shares of the insurance provider’s stock worth $3,215,000 after buying an additional 19,572 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Argo Group International Holdings by 8.7% in the first quarter. Burgundy Asset Management Ltd. now owns 130,422 shares of the insurance provider’s stock worth $8,843,000 after buying an additional 10,454 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Argo Group International Holdings during the first quarter worth approximately $1,139,000. Parametric Portfolio Associates LLC raised its position in Argo Group International Holdings by 24.8% in the first quarter. Parametric Portfolio Associates LLC now owns 124,378 shares of the insurance provider’s stock worth $8,433,000 after buying an additional 24,718 shares in the last quarter. 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 worth $1,296,000 after buying an additional 179 shares in the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Mark E. Watson III sold 6,503 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $61.10, for a total transaction of $397,333.30. Following the completion of the sale, the insider now directly owns 534,272 shares in the company, valued at $32,644,019.20. 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 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $61.00, for a total transaction of $213,500.00. Following the sale, the insider now owns 33,193 shares of the company’s stock, valued at $2,024,773. The disclosure for this sale can be found here. Insiders have sold 16,295 shares of company stock valued at $994,079 over the last 90 days. 4.86% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.83%. 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.

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 MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

5 × one =