Argo Group International (NASDAQ:ARGO) Lowered to “Hold” at StockNews.com

Argo Group International (NASDAQ:ARGOGet Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Argo Group International Stock Performance

NASDAQ:ARGO opened at $31.77 on Thursday. Argo Group International has a 52 week low of $30.84 and a 52 week high of $61.29. The company has a 50-day moving average price of $37.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -30.55 and a beta of 0.81.

Argo Group International (NASDAQ:ARGOGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.17. Argo Group International had a positive return on equity of 4.72% and a negative net margin of 1.20%. The company had revenue of $518.30 million during the quarter, compared to the consensus estimate of $537.53 million. As a group, sell-side analysts forecast that Argo Group International will post 4.35 earnings per share for the current year.

About Argo Group International

(Get Rating)

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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