Analysts Set Argo Group (NASDAQ:ARGO) Price Target at $71.05

Shares of Argo Group (NASDAQ:ARGO) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $71.05.

ARGO has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 price target on shares of Argo Group in a report on Tuesday, December 24th. William Blair lowered Argo Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. TheStreet raised Argo Group from a “c+” rating to a “b-” rating in a report on Friday, January 17th. Zacks Investment Research raised Argo Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Boenning Scattergood lowered Argo Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th.

Argo Group stock opened at $65.81 on Friday. Argo Group has a one year low of $60.36 and a one year high of $78.57. The stock has a fifty day moving average of $67.12 and a 200 day moving average of $67.08.

Argo Group (NASDAQ:ARGO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.08). The company had revenue of $493.60 million during the quarter, compared to the consensus estimate of $483.37 million.

A number of large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its holdings in Argo Group by 14.9% during the fourth quarter. California Public Employees Retirement System now owns 97,636 shares of the company’s stock valued at $6,420,000 after purchasing an additional 12,647 shares during the period. First National Bank of Omaha grew its holdings in Argo Group by 2.9% during the fourth quarter. First National Bank of Omaha now owns 17,632 shares of the company’s stock valued at $1,159,000 after purchasing an additional 501 shares during the period. Manchester Financial Inc. bought a new stake in Argo Group during the fourth quarter valued at about $177,000. Allworth Financial LP bought a new position in shares of Argo Group in the fourth quarter worth about $53,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Argo Group by 32.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 280,692 shares of the company’s stock worth $18,455,000 after acquiring an additional 68,473 shares during the period.

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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