Argo Group International Holdings Ltd. (NASDAQ:AGII) – Equities researchers at William Blair reduced their Q1 2017 earnings per share (EPS) estimates for Argo Group International Holdings in a note issued to investors on Wednesday. William Blair analyst A. Klauber now anticipates that the brokerage will earn $1.00 per share for the quarter, down from their previous estimate of $1.13.

Argo Group International Holdings (NASDAQ:AGII) last posted its earnings results on Tuesday, November 1st. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.34. Argo Group International Holdings had a net margin of 10.06% and a return on equity of 7.11%. The business had revenue of $416.70 million for the quarter, compared to analysts’ expectations of $353.68 million. During the same period in the previous year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year.

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

A number of other brokerages also recently weighed in on AGII. Compass Point upped their target price on Argo Group International Holdings from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Argo Group International Holdings from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Finally, Keefe, Bruyette & Woods upped their target price on Argo Group International Holdings from $56.00 to $58.00 and gave the company a “market perform” rating in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.25.

Argo Group International Holdings (NASDAQ:AGII) traded down 1.29% on Friday, hitting $65.05. 86,397 shares of the stock were exchanged. The company’s 50 day moving average price is $58.01 and its 200-day moving average price is $54.82. The company has a market cap of $1.95 billion, a P/E ratio of 13.03 and a beta of 0.73. Argo Group International Holdings has a one year low of $41.55 and a one year high of $67.60.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.34%. Argo Group International Holdings’s dividend payout ratio is currently 17.60%.

In other Argo Group International Holdings news, insider Kevin James Rehnberg sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $55.90, for a total transaction of $279,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jay Stanley Bullock sold 18,661 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $56.62, for a total value of $1,056,585.82. The disclosure for this sale can be found here. 5.79% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of Argo Group International Holdings by 409.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,065 shares of the company’s stock valued at $107,000 after buying an additional 1,660 shares during the period. BlackRock Inc. increased its position in shares of Argo Group International Holdings by 155.9% in the first quarter. BlackRock Inc. now owns 2,019 shares of the company’s stock valued at $117,000 after buying an additional 1,230 shares during the period. New York State Teachers Retirement System increased its position in shares of Argo Group International Holdings by 10.0% in the second quarter. New York State Teachers Retirement System now owns 2,640 shares of the company’s stock valued at $137,000 after buying an additional 240 shares during the period. Quantbot Technologies LP increased its position in shares of Argo Group International Holdings by 32.4% in the second quarter. Quantbot Technologies LP now owns 3,541 shares of the company’s stock valued at $183,000 after buying an additional 866 shares during the period. Finally, Smith Asset Management Group LP bought a new position in shares of Argo Group International Holdings during the second quarter valued at approximately $202,000. Institutional investors own 89.47% of the company’s stock.

About Argo Group International Holdings

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.

5 Day Chart for NASDAQ:AGII

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