Shares of Argo Group (NASDAQ:ARGO) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $71.11.
Several brokerages have recently commented on ARGO. Zacks Investment Research upgraded Argo Group from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Boenning Scattergood restated a “buy” rating on shares of Argo Group in a research note on Tuesday, August 6th.
In related news, CFO Jay Stanley Bullock sold 14,623 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $68.72, for a total value of $1,004,892.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ ARGO traded down $0.53 on Thursday, hitting $69.12. 1,851 shares of the company were exchanged, compared to its average volume of 123,742. The company’s 50 day moving average price is $68.02 and its 200-day moving average price is $70.90. Argo Group has a twelve month low of $59.28 and a twelve month high of $78.57.
Argo Group (NASDAQ:ARGO) last issued its earnings results on Monday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.23. The business had revenue of $476.60 million during the quarter, compared to analyst estimates of $478.43 million.
Argo Group Company Profile
Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.
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