Equities analysts predict that Argo Group International Holdings, Ltd. (NASDAQ:AGII) will report earnings per share (EPS) of $0.93 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Argo Group International Holdings’ earnings. The lowest EPS estimate is $0.83 and the highest is $1.03. Argo Group International Holdings reported earnings per share of $1.12 during the same quarter last year, which indicates a negative year over year growth rate of 17%. The company is scheduled to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Argo Group International Holdings will report full-year earnings of $3.97 per share for the current financial year, with EPS estimates ranging from $3.94 to $4.00. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.15 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Argo Group International Holdings.

Argo Group International Holdings (NASDAQ:AGII) last released its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.25. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The firm had revenue of $447.10 million for the quarter, compared to the consensus estimate of $412.90 million. During the same period last year, the firm earned $1.20 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis.

Several equities research analysts recently weighed in on AGII shares. Zacks Investment Research raised shares of Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $70.00 target price on shares of Argo Group International Holdings in a research note on Tuesday, July 4th. Finally, BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th.

Argo Group International Holdings (NASDAQ AGII) traded up 0.50% during trading on Monday, hitting $60.30. 80,510 shares of the stock were exchanged. The stock’s 50 day moving average price is $60.24 and its 200 day moving average price is $63.42. The stock has a market cap of $1.82 billion, a P/E ratio of 10.90 and a beta of 0.82. Argo Group International Holdings has a 12 month low of $54.40 and a 12 month high of $69.03.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, August 30th. Argo Group International Holdings’s payout ratio is currently 19.49%.

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In related news, insider Kevin James Rehnberg sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $61.00, for a total transaction of $213,500.00. Following the sale, the insider now directly owns 33,193 shares of the company’s stock, valued at approximately $2,024,773. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jay Stanley Bullock sold 6,292 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $60.91, for a total transaction of $383,245.72. Following the sale, the chief financial officer now directly owns 86,115 shares in the company, valued at $5,245,264.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,541 shares of company stock worth $2,333,066. 4.86% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Argo Group International Holdings by 9,732.6% in the first quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock valued at $169,638,000 after buying an additional 2,476,564 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Argo Group International Holdings during the second quarter valued at $11,786,000. AJO LP increased its stake in shares of Argo Group International Holdings by 997.9% in the second quarter. AJO LP now owns 166,170 shares of the insurance provider’s stock valued at $10,070,000 after buying an additional 151,035 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Argo Group International Holdings by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,320,871 shares of the insurance provider’s stock valued at $157,355,000 after buying an additional 118,097 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Argo Group International Holdings by 18.6% in the first quarter. State Street Corp now owns 703,967 shares of the insurance provider’s stock valued at $47,728,000 after buying an additional 110,594 shares during the last quarter. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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