Argo Group International (NYSE:ARGO – Get Rating) will be releasing its earnings data after the market closes on Monday, August 8th. Analysts expect Argo Group International to post earnings of $1.12 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Argo Group International (NYSE:ARGO – Get Rating) last released its earnings results on Monday, May 2nd. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.17. Argo Group International had a net margin of 4.95% and a return on equity of 5.40%. The firm had revenue of $518.30 million for the quarter, compared to analyst estimates of $537.53 million. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, analysts expect Argo Group International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Argo Group International Stock Up 1.0 %
ARGO stock opened at $32.79 on Monday. The company’s 50 day moving average price is $37.83 and its 200 day moving average price is $42.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.54 and a current ratio of 0.54. Argo Group International has a fifty-two week low of $32.00 and a fifty-two week high of $61.29. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.19 and a beta of 0.91.
Argo Group International Dividend Announcement
Hedge Funds Weigh In On Argo Group International
Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of Argo Group International by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 512,891 shares of the company’s stock worth $21,172,000 after acquiring an additional 91,498 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Argo Group International by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 373,460 shares of the company’s stock worth $15,417,000 after acquiring an additional 7,648 shares during the last quarter. Invesco Ltd. grew its position in shares of Argo Group International by 24.7% during the first quarter. Invesco Ltd. now owns 89,608 shares of the company’s stock worth $3,699,000 after acquiring an additional 17,775 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Argo Group International by 359.9% during the first quarter. Renaissance Technologies LLC now owns 61,471 shares of the company’s stock worth $2,538,000 after acquiring an additional 48,106 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Argo Group International by 56.7% during the first quarter. First Trust Advisors LP now owns 45,888 shares of the company’s stock worth $1,894,000 after acquiring an additional 16,602 shares during the last quarter. 89.02% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Raymond James cut their target price on shares of Argo Group International from $60.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, July 8th.
Argo Group International Company Profile
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. It offers primary and excess specialty casualty, general liability, commercial multi-peril, and workers compensation, as well as product, environmental, and auto liability insurance products; management liability, transaction liability, and errors and omissions liability insurance; primary and excess property, inland marine, and auto physical damage insurance; and surety, animal mortality, and ocean marine insurance products.
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