William Blair Weighs in on Argo Group International Holdings, Ltd.’s Q1 2018 Earnings (NASDAQ:AGII)

Argo Group International Holdings, Ltd. (NASDAQ:AGII) – Stock analysts at William Blair raised their Q1 2018 earnings estimates for shares of Argo Group International in a note issued to investors on Thursday, Zacks Investment Research reports. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $0.77 for the quarter, up from their previous forecast of $0.77. William Blair also issued estimates for Argo Group International’s FY2018 earnings at $3.38 EPS, Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $0.97 EPS, Q3 2019 earnings at $0.76 EPS and Q4 2019 earnings at $1.09 EPS.

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Other analysts have also recently issued reports about the stock. BidaskClub cut shares of Argo Group International from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods raised shares of Argo Group International from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $67.00 to $71.00 in a research note on Thursday, December 28th. ValuEngine cut shares of Argo Group International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Argo Group International from a “sell” rating to a “hold” rating in a research note on Friday, March 9th.

Argo Group International stock traded down $0.65 during trading hours on Friday, hitting $56.75. 140,203 shares of the stock were exchanged, compared to its average volume of 183,942. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1,938.07, a price-to-earnings ratio of -134.52 and a beta of 0.61. Argo Group International has a 12 month low of $49.69 and a 12 month high of $60.80.

Argo Group International (NASDAQ:AGII) last posted its quarterly earnings results on Tuesday, February 13th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.15). The business had revenue of $441.60 million during the quarter. Argo Group International had a negative return on equity of 0.80% and a net margin of 2.84%.

A number of hedge funds have recently made changes to their positions in AGII. Champlain Investment Partners LLC raised its holdings in Argo Group International by 3.8% in the fourth quarter. Champlain Investment Partners LLC now owns 1,354,005 shares of the insurance provider’s stock worth $83,474,000 after purchasing an additional 50,125 shares during the period. Pzena Investment Management LLC raised its holdings in Argo Group International by 3.9% in the third quarter. Pzena Investment Management LLC now owns 594,713 shares of the insurance provider’s stock worth $36,575,000 after purchasing an additional 22,078 shares during the period. Peregrine Capital Management LLC raised its holdings in Argo Group International by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 525,649 shares of the insurance provider’s stock worth $32,406,000 after purchasing an additional 3,255 shares during the period. Ameriprise Financial Inc. raised its holdings in Argo Group International by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 448,399 shares of the insurance provider’s stock worth $27,576,000 after purchasing an additional 1,291 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in Argo Group International by 3.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 431,525 shares of the insurance provider’s stock worth $26,604,000 after purchasing an additional 15,408 shares during the period. 79.58% of the stock is currently owned by hedge funds and other institutional investors.

In other Argo Group International news, CEO Mark E. Watson III sold 4,917 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $59.40, for a total value of $292,069.80. Following the transaction, the chief executive officer now directly owns 543,056 shares of the company’s stock, valued at $32,257,526.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark E. Watson III sold 8,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.74, for a total transaction of $525,712.00. Following the completion of the transaction, the chief executive officer now directly owns 543,056 shares in the company, valued at $32,442,165.44. The disclosure for this sale can be found here. Insiders have sold 36,544 shares of company stock worth $2,092,498 over the last three months. 5.22% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Wednesday, March 7th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, March 6th. This represents a $1.08 annualized dividend and a dividend yield of 1.90%. Argo Group International’s dividend payout ratio (DPR) is currently -257.14%.

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Argo Group International Company Profile

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite.

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Earnings History and Estimates for Argo Group International (NASDAQ:AGII)

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