Argo Group (NASDAQ:AGII) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 1st. Analysts expect Argo Group to post earnings of $0.97 per share for the quarter.
Argo Group (NASDAQ:AGII) last announced its quarterly earnings data on Tuesday, February 13th. The insurance provider reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.15). Argo Group had a negative return on equity of 0.80% and a net margin of 2.84%. The company had revenue of $441.60 million for the quarter. On average, analysts expect Argo Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Argo Group stock opened at $59.15 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.52 and a quick ratio of 0.52. Argo Group has a 12 month low of $49.69 and a 12 month high of $60.80.
A number of equities research analysts recently commented on the company. BidaskClub raised Argo Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods raised Argo Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $67.00 to $71.00 in a research note on Thursday, December 28th. Zacks Investment Research cut Argo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, ValuEngine cut Argo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th.
In other Argo Group news, Director John R. Power, Jr. sold 4,108 shares of Argo Group stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $61.09, for a total transaction of $250,957.72. Following the transaction, the director now directly owns 19,593 shares in the company, valued at $1,196,936.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark E. Watson III sold 4,917 shares of Argo Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $59.40, for a total value of $292,069.80. Following the transaction, the chief executive officer now owns 543,056 shares in the company, valued at $32,257,526.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,544 shares of company stock worth $2,092,498. Corporate insiders own 5.22% of the company’s stock.
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About Argo Group
Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. The U.S. Operations segment underwrites primary and excess specialty casualty, and commercial multi-peril, as well as contract, product, environmental, and auto liability products; and workers compensation, general, management, errors and omissions, and public entity liability risks.
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