Argo Group (NASDAQ:ARGO) Announces Quarterly Earnings Results

Argo Group (NASDAQ:ARGO) released its quarterly earnings results on Monday. The company reported ($2.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.15), Fidelity Earnings reports. The firm had revenue of $462.80 million for the quarter, compared to analyst estimates of $478.97 million.

NASDAQ ARGO opened at $60.88 on Thursday. The firm’s fifty day moving average price is $66.45 and its two-hundred day moving average price is $66.27. Argo Group has a 1 year low of $60.32 and a 1 year high of $78.57.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.24 dividend on an annualized basis and a yield of 2.04%.

A number of analysts have recently issued reports on ARGO shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $74.00 price objective on shares of Argo Group in a report on Tuesday, December 24th. Boenning Scattergood downgraded shares of Argo Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Zacks Investment Research cut shares of Argo Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 17th. William Blair downgraded Argo Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, BidaskClub upgraded Argo Group from a “strong sell” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Argo Group currently has a consensus rating of “Hold” and a consensus target price of $74.04.

About Argo Group

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.

Featured Article: Outstanding Shares, Buying and Selling Stocks

Earnings History for Argo Group (NASDAQ:ARGO)

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


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit