Argo Group (ARGO) Announces Quarterly Earnings Results

Argo Group (NASDAQ:ARGO) posted its earnings results on Monday. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.08 by $0.47, Morningstar.com reports.

NASDAQ ARGO opened at $67.60 on Tuesday. Argo Group has a one year low of $50.66 and a one year high of $70.00.

Several research firms have commented on ARGO. Zacks Investment Research downgraded Argo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Boenning Scattergood set a $72.00 target price on Argo Group and gave the company a “buy” rating in a research report on Tuesday, November 6th. Keefe, Bruyette & Woods downgraded Argo Group from an “outperform” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Compass Point began coverage on Argo Group in a research report on Tuesday, January 15th. They issued a “neutral” rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $71.20.

In related news, Director Mural R. Josephson sold 5,543 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $69.02, for a total transaction of $382,577.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director F Sedgwick Browne sold 5,457 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $66.34, for a total value of $362,017.38. The disclosure for this sale can be found here. Insiders have sold 35,773 shares of company stock valued at $2,453,191 in the last ninety days.

A number of large investors have recently made changes to their positions in ARGO. First Hawaiian Bank bought a new position in Argo Group in the fourth quarter worth approximately $358,000. Virtu Financial LLC bought a new position in Argo Group in the fourth quarter worth approximately $263,000. Boston Advisors LLC bought a new position in Argo Group in the fourth quarter worth approximately $527,000. Nisa Investment Advisors LLC bought a new position in shares of Argo Group in the fourth quarter valued at approximately $59,000. Finally, Peregrine Capital Management LLC bought a new position in shares of Argo Group in the fourth quarter valued at approximately $31,446,000.

ILLEGAL ACTIVITY NOTICE: “Argo Group (ARGO) Announces Quarterly Earnings Results” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.thelincolnianonline.com/2019/02/12/argo-group-argo-announces-quarterly-earnings-results.html.

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 Story: Day Trading

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply