Zacks: Analysts Expect Argo Group International Holdings, Ltd. (AGII) to Announce $0.75 EPS

Brokerages expect Argo Group International Holdings, Ltd. (NASDAQ:AGII) to post earnings per share of $0.75 for the current quarter, according to Zacks. Two analysts have provided estimates for Argo Group International’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.60. Argo Group International reported earnings per share of $0.65 during the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is expected to announce its next quarterly earnings results on Monday, February 12th.

According to Zacks, 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 year, analysts expect that the firm will report earnings of $4.15 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Argo Group International.

Argo Group International (NASDAQ:AGII) last posted its quarterly earnings data 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 firm 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%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS.

Several brokerages have commented on AGII. BidaskClub upgraded shares of Argo Group International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded shares of Argo Group International from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Friday, August 11th.

In other Argo Group International news, insider Kevin James Rehnberg sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $59.74, for a total transaction of $149,350.00. Following the completion of the sale, the insider now owns 30,793 shares in the company, valued at approximately $1,839,573.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Deleon sold 4,137 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $61.11, for a total transaction of $252,812.07. Following the sale, the director now owns 22,065 shares of the company’s stock, valued at approximately $1,348,392.15. The disclosure for this sale can be found here. Insiders own 4.86% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGII. Renaissance Technologies LLC increased its position in shares of Argo Group International by 147.7% in the 1st 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. Russell Investments Group Ltd. increased its position in shares of Argo Group International by 0.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 141,984 shares of the insurance provider’s stock valued at $8,603,000 after buying an additional 1,184 shares in the last quarter. Strs Ohio increased its position in shares of Argo Group International by 6.0% in the 2nd quarter. Strs Ohio now owns 17,800 shares of the insurance provider’s stock valued at $1,078,000 after buying an additional 1,000 shares in the last quarter. Rothschild Asset Management Inc. increased its position in shares of Argo Group International by 1.1% in the 2nd quarter. Rothschild Asset Management Inc. now owns 168,375 shares of the insurance provider’s stock valued at $10,204,000 after buying an additional 1,807 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Argo Group International by 15.9% in the 2nd 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. Institutional investors and hedge funds own 86.96% of the company’s stock.

Shares of Argo Group International (NASDAQ AGII) traded down $0.25 during trading on Thursday, hitting $61.00. 148,669 shares of the company’s stock traded hands, compared to its average volume of 178,869. The company has a market cap of $1,810.54, a PE ratio of 80.26 and a beta of 0.82. Argo Group International has a 52 week low of $56.15 and a 52 week high of $69.03. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 30th. Argo Group International’s payout ratio 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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